Company Watch - General Electric.
GECAS delivered one new A320-200 to Wizz Air through a sale/leaseback transaction with the airline. Cabot Aviation was appointed by KLM to remarket six F50s and announced the sale of a 737-300 (ex-United Airlines) on behalf of an unnamed energy services company. Jun 4, 2009
General Electric, and the Federal Government of Nigeria today announced the signing of a landmark Ocompany-to-countryO agreement aimed at promoting collaboration between GE and Nigerian public and private sector organizations that are driving critical infrastructure projects across the country. NigeriaOs Attorney General and Minister of Justice Michael Kaase Aondoakaa and GE Vice Chairman John Rice, signed the agreement today at a ceremony held in Abuja, Nigeria. It encourages active collaboration between the two parties to use advanced technologies and solutions in a way that enhances economic development and competitiveness of the Nigerian economy. It is the first agreement of its kind for both the Federal Republic of Nigeria and GE. The agreement strengthens NigeriaOs existing commercial relationship with GE, expanding the possible opportunities to include railway infrastructure development and rehabilitation, oil and gas processing, distribution and transportation, electric power generation, water and wastewater treatment, healthcare, aviation and integrated safety and security systems. May 26, 2009
General Electric Company, and the Federal Government of Nigeria today announced the signing of a landmark Ocompany-to-countryO agreement aimed at promoting collaboration between GE and Nigerian public and private sector organizations that are driving critical infrastructure projects across the country. May 26, 2009
GE Rolls-Royce Fighter Engine Team Launches Path to Flight Test. The GE Rolls-Royce Fighter Engine Team has launched its flight clearance certification review, a process that will prepare the F136 engine for flight testing over the next several months. Following flight certification, the first F136-powered F-35 Lightning II will take to the air in early 2011, in alignment with Lockheed MartinOs ongoing flight test schedule for the Joint Strike Fighter program. The flight clearance certification reviews will include representatives from the GE Rolls-Royce Fighter Engine Team, Lockheed Martin, the U.S. Government Joint Program Office, the U.S. Air Force and Navy. The review team will evaluate all pre-flight and performance parameters that will lead the F136 engine to be cleared for flight testing. The review team has already conducted two days of detailed technical reviews, which included representatives from Edwards Air Force Base and Patuxent River Naval Air Station. May 27, 2009
Air travel slump easing, engine maker Safran says. A drop in air travel caused by the economic crisis has begun to tail off in recent weeks, the head of one of the world's largest engine makers said on Thursday. The French company is co-owner with General Electric (GE.N) of CFM International, the largest supplier of civil jet engines in the world powering Airbus A320 and Boeing 737 series aircraft. At a shareholder meeting, Herteman reaffirmed 2009 targets of a 5-6 percent operating margin and stable revenue at Safran. May 28, 2009
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|Date:||Jun 8, 2009|
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