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GE Landed $8 Billion in Orders at Paris Air Show

Written by thomas · Filed Under Commercial 

June 18, 2009

thomas

LE BOURGET, France – June 18 2009 – With its unveiling of the fastest
selling large jet engine in GE history – the GEnx – and its strategic
agreement with Mubadala Development Company, GE (NYSE: GE) and its joint
ventures, CFM* and Engine Alliance+, announced more than $8 billion in
orders at this week’s Paris Air Show, which is held at Paris’ Le Bourget
airport.

“Every two years, the global aviation industry arrives in Paris to
showcase its leading edge technologies and develop the relationships
which keep the world flying,” said John Rice, Vice Chairman of GE. “Our
GEnx engine is proof that fuel-efficient, lower emissions innovation
remains critical to aviation customers – and the GE/Mubadala agreement
further emphasizes the growing global nature of the industry and
world-class companies who are increasing their aerospace commitments.”

GE and its joint ventures, CFM International and the Engine Alliance,
announced 17 deals and partnerships during a four-day span, totaling
more than $8 billion. In these announcements, engine orders reflect the
list price while the service agreements values reflect the life of the
service contract. Highlights of these announcements include:

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