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GE Aviation wins $6.7B in new orders

June 17, 2015  |  Paris Air Show
Paris Air Show

Cincinnati Enquirer

West Chester-based CFM International and one of its parents, Evendale-based GE Aviation, announced more new orders Tuesday at the Paris Air Show. Tuesday’s orders totaled $6.7 billion for a total of $13 billion since the show opened.

GE Aviation officials expect a few additional deals will be announced Wednesday.

Tuesday’s orders included:

•AerCap Holdings NV ordered 200 CFM LEAP-1B engines to power 100 Boeing 737 MAX aircraft. The order is valued at $2.7 billion. AerCap, based in Amsterdam, the Netherlands, is the world’s aircraft leasing company. CFM is a joint venture of GE Aviation and Snecma Moteurs, a division of Safran of France.

•SMBC Aviation Capital ordered CFM LEAP-1B engines to power 10 additional 737 MAX aircraft valued at $270 million. The Dublin, Ireland-based airline leasing company also selected CFM’s LEAP-1A engines to power 30 Airbus A320neo aircraft. The firm engine order is valued at $885 million.

•Korean Air ordered 60 CFM LEAP-1B engines to power 30 Boeing 737 MAX aircraft. The engine order is valued at $887 million. Korean Air also ordered two GE90-115B-powered Boeing 777-300ER aircraft. The GE90 engine order is valued at $140 million. Korean Air is a member of SkyTeam, the worldwide alliance that includes Delta Air Lines.

•Ruili Airlines announced an $810 million order for 60 CFM LEAP-1B engines to power 30 Boeing 737 MAX aircraft. Ruili is a discount carrier that operates only in China and is based in Kunming, a transportation hub in southern Yunnan province.

•Minsheng Financial Leasing ordered CFM56-7B and LEAP-1B engines from CFM International to power 10 Boeing Next-Generation 737 and 20 737 MAX aircraft. The engine order is valued at $775 million. Minsheng is a top-tier leasing company in China and started leasing commercial airplanes in 2013.

•Xiamen Airlines signed a 15-year OnPoint solution agreement for the material necessary to overhaul its 12 GEnx-1B engines. The agreement is valued at $240 million over the life of the agreement. Xiamen provides service to China, Japan, Korea and southeast Asia and also is a member of SkyTeam.

•Air Transat signed an eight-year OnPoint solution agreement for the overhaul of its fleet of CFM56-7B engines that power its Boeing 737-800 Next Gen aircraft. The agreement is valued at more than $25M over the life of the agreement. Air Transat, based in Montreal, operates scheduled and charter flights in 25 countries.

•Sriwijaya Air announced a firm order for CFM56-7B engines to power two Boeing 737-900ER as well as its intent to exercise options for up to 20 additional 737 aircraft. The firm engine order is valued at $44 million. Sriwijaya, based in Jakarta, is Indonesia’s third largest airline.

•Swiss International Air Lines selected GE Aviation’s Flight Efficiency Services for fuel management. In addition to providing flight data management and flight operational quality assurance services, GE Aviation’s Flight Analytics System will deliver Swiss’ fuel management solution, which will include the evaluation and analysis of flight and operational data to identify and prioritize fuel savings opportunities and enable a platform for fuel management analytics.

Click here to view video of Paris Air Show. 

GE Aviation wins $6.7B in new orders at Paris Air Showhttp://www.cincinnati.com/story/money/2015/06/16/ge-aviation-wins-new-orders/28820185/

Posted by West Chester Development Council on Wednesday, June 17, 2015

 

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