Company Watch - GE Aviation

AirGuide Business, July 14, 2008

7/14/2008

China Southern Airlines ordered 20 A320s from Airbus to be powered by GE Aviation CFM56-5B engines and opted for a long-term material services agreement. Deliveries will run from 2009 to 2011. None of the parties released the value of the deal, but engine list prices suggest a tab of at least $240 million. 7/15/2008

Dubai Aerospace Enterprise, the state-owned aircraft leasing, confirmed Tuesday a firm order for 100 Airbus planes worth US$12.6 billion (EUR7.88 billion) at list prices. DAE Capital's order for 30 wide-bodied A350-900 and 70 single aisle A320s follows a memorandum of understanding signed at the Dubai air show in November 2007. 7/15/2008

GE Aviation said Monday that it had booked almost $1.9 billion in new orders, at Farnborough Air Show, directly and through its partnerships. Etihad Airways, the national carrier of the United Arab Emirates, ordered 10 Boeing 777s to be delivered in 2011 - all to be equipped with GE-90 engines worth $500 million. 7/15/2008

FlyDubai, a low-cost carrier, placed a $700 million order for GE Aviation CFM56-7B engines to power 50 Boeing 737-800 and 737-900 jets. The government-owned startup airline will take delivery of aircraft in 2009 - when it begins operations - through 2016. 7/15/2008

GE Aviation and Singapore Technologies Aerospace announced a 10-year comprehensive materials agreement for $1.5 billion. The pact provides the maintenance, repair and overhaul provider with parts and support services for CFM56-3, CFM56-5B and CFM56-7B engines. 7/15/2008

GE Aviation said it had renewed its 50-50 CFM International partnership with France's Snecma until 2040, CFM announced four deals worth more than $2.7 billion of new business. 7/15/2008

Saudi Arabian Airlines ordered 22 new Airbus A320 aircraft to be powered with $300 million worth of GE Aviation CFM56-5B engines. Deliveries start in 2009. 7/15/2008

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