Saudi Arabia and India agree to study feasibility of establishing power grid    Saudi Awwal Bank records SR5.9 billion net profit after Zakat and Income Tax for YTD Q3    Economy minister emphasizes global partnerships to address pressing challenges Private investments in non-oil sector soar 70%    Saudi Arabia's GDP grows 2.8% in Q3, driven by non-oil sectors    PIF, HKMA sign MoU to establish $1 billion investment fund    Israeli soldiers forced Palestinian men to take off clothes as they evacuated war-torn Jabalya    North Korea fires suspected intercontinental missile    India celebrates Diwali, the festival of lights    'It was like a tsunami': Spaniards recount horror of deadly floods    Bahrain Crown Prince receives Saudi Interior Minister    In-person classes will remain suspended in Jeddah, Rabigh and Khulais schools on Thursday    HR Ministry takes penal action against 568 violators of Domestic Workers' Regulation    Derby Week makes its debut in the Roshn Saudi League    Al Nassr eliminated from King's Cup after a defeat to Al Taawoun    Teri Garr, Young Frankenstein and Tootsie star, dies at 79    Othman Al Omeir receives Legacy of Change Medal at the UK Parliament for advocacy in media    Neymar joins Saudi fashion trend, donning traditional attire at Al Hilal match    Indonesia Days event celebrates cultural diversity at Al Suwaidi Park    Saudi Football Federation reappoints Hervé Renard to lead national team    Tarzan star Ron Ely dies aged 86    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



GE Aviation, JV firms bag $10b Mideast deals
Published in The Saudi Gazette on 30 - 07 - 2010

GE Aviation along with its joint venture companies, CFM International and the Engine Alliance, have amassed engine and services orders valued at more than $16 billion at the recent 2010 Farnborough Air Show, of which more than half - nearly $10 billion - were signed by leading airlines in the Middle East region, notably, the UAE.
Of the nearly $10 billion in deals, Emirates, the Dubai-based international airline, accounted for $7.8 billion.
“GE Aviation is excited with the tremendous amount of engine and services orders received at the 2010 Farnborough Air Show,” said David Joyce, president and chief executive office of GE Aviation. “The level of activity at the show demonstrates that the aviation industry is beginning to emerge from the economic downturn.”
GE Aviation and its joint companies garnered $11 billion in engine orders and $5 billion in long-term, high-margin service agreements, including several prestigious orders from the Middle East region from leading players, Emirates, Air Arabia, Royal Jordanian and Qatar Airways.
Muhammad Al-Lamadani, general manager, Eastern Europe, Middle East & CIS, GE Aviation, said: “Aviation continues to be one of the strong growth pillars of the region, powered by infrastructure development and the focus of the regional Governments to strengthen airline connectivity to boost tourism and business.”
The Middle East deals announced at Farnborough complement another significant order inked by GE Aviation with Etihad Airways, the national airlines of the United Arab Emirates.
Etihad had finalized its purchase of 70 GEnx-1B engines to power the 35 Boeing 787 Dreamliner aircraft along with a multi-year OnPoint solution services agreement on the engines. The engine order is valued at $1.8 billion and the OnPoint solution agreement is valued at $2.5 billion over its life. Etihad had announced the engine selection and services agreement at the Paris Air Show in 2009.
GE Capital Aviation Services also ordered CFM56-7B engines to power 40 Boeing 737-700/-800/-900 aircraft and CFM56-5B engines to power its 60 Airbus A320 aircraft. The combined engine order is valued at $1.4 billion at list price. – SG
GE Aviation and its joint venture firms have underscored partnership role.


Clic here to read the story from its source.