GE Garners More than $17B in Orders at Farnborough Airshow

Southwest Airlines signed a 20-year OnPointSM solution agreement, valued at more than $1 billion, with GE Aviation for its 78 Boeing 737-800 Next Gen aircraft.


* JetBlue Airways signed a 15-year OnPointSM solution agreement for its CF34-10E engines that power its EMBRAER 190 fleet.

* Aviation Capital Group (ACG) selected CFM International's advanced LEAP-1A engine to power its 18 AirbusA320neo aircraft. The firm engine order is valued at $450 million U.S. at list price.

* ALAFCO committed to 20 LEAP-powered Boeing 737 MAX aircraft.

* Copa Airlines signed a 15-year OnPointSM solution agreement for its 112 CFM56-7B engines that power its Boeing 737-700 and -800 Next Gen aircraft. The OnPoint agreement is valued at more than $340 million (USD) over the life of the agreement.

* Avolon announced plans to order LEAP-1B engines to power 15 Boeing 737 MAX aircraft, along with CFM56-7BE engines to power 10 Next-Generation 737s. The total engine value is approximately $585 million U.S. at list price.

* Sun Country Airlines signed a 5-year OnPointSM solution agreement for its 28 CFM56-7B engines that power its Boeing 737-700 and -800 aircraft. The OnPoint agreement is valued at more than $60 million (USD) over the life of the agreement.

* Volga-Dnepr Group signed a 15-year OnPointSM solution agreement for its 22 GEnx-2B engines that power its Boeing 747-8 Freighter fleet. The OnPoint agreement is valued at more than $300 million over the life of the contract.

* China's Juneyao Airlines selected CFM International's CFM56-5B engine to power five new Airbus A321 aircraft. The engine order is valued at more than $100 million U.S. at list price.

* Azul Brazilian Airlines is adding 42 CF34-10E engines to its existing 15-year OnPointSM solution services agreement. The value of the OnPoint solution for the additional engines is more than $600 million (USD) over the life of the agreement.

* CFM International launched a unique new product offering for leasing companies called Portable Maintenance for Lessors (PML) and signed Memorandums of Understanding (MOUs) with GECAS, SMBC Aviation Capital and Engine Lease Finance Corporate. The final agreement should be complete by year-end.

* TRUEngine designations were awarded to:

o Turkish Airlines for its CF6 engine fleet that powers its seven Airbus CF6-80E-powered A330-200 aircraft.

o Oman Air for its 33 CFM56-7B engines fleet Next-Generation 737 aircraft.

o Apollo Aviation Group for its mix of 21 CFM56 engines.

o GOL Linhas AĆ©reas Inteligentes S.A. for its CFM56-7B engines that power the Boeing 737-700/-800 aircraft.

GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet and turboprop engines, components and integrated systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings. For more information, visit us at http://www.ge.com/aviation. Follow GE Aviation on Twitter at http://twitter.com/GEAviation and YouTube at http://www.youtube.com/user/GEAviation.

GECAS, the U.S. and Irish commercial aircraft financing and leasing business of GE, has a fleet of over 1,710 owned and serviced aircraft with approximately 235 airlines in over 75 countries. GECAS offers a wide range of aircraft types and financing options, including operating leases and secured debt financing, and also provides productivity solutions including spare engine leasing, spare parts financing and management. GECAS, a unit of GE Capital, has offices in 24 cities around the world.

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at http://www.ge.com.

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