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Deals start rolling in for GE Aviation at Paris Air Show


Orders started rolling in for GE Aviation Monday, the first day of the Paris Air Show, held every two years at Le Bourget airport.

The first day’s tally for GE Aviation and its joint ventures was more than $6 billion worth of deals, said Deborah Case, GE Aviation spokeswoman.

On Monday, the jet engine maker announced several commitments for engine orders and service agreements. They include:

• A $600 million deal with Qatar Airways for nine Boeing 777-300ERs. The aircraft is powered by GE90-115B engines. This includes a firm order for two aircraft and a commitment for an additional seven, GE Aviation said.

• Air Canada committed to a five-year service agreement to repair and overhaul CF34-8E engines produced by GE Aviation that power its EMBRAER 175 aircraft. The value was not disclosed.

• GE Capital Aviation Services, another division of GE that does aircraft leasing, announced a commitment to order 10 Boeing 787-10 Dreamliners powered with GEnx-1B engines, a deal valued close to $500 million.

• For an undisclosed amount, Azul Brazilian Airlines expanded an existing service agreement with GE Aviation covering the maintenance, repair and overhaul of CF34 engines powering the carrier’s EMBRAER E190 aircraft.

• TUI Travel PLC reached a proposed commitment with Boeing to purchase 60 Boeing 737 MAX 8 and MAX 9 aircraft. The proposal involves 120 LEAP-1B installed engines made by GE Aviation joint venture CFM International. The CFM business generated by the order is valued at $1.56 billion at list price.

• Also Xiamen Airlines of China signed a letter of intent with GE Aviation to select GEnx-1B engines to power six Boeing 787 Dreamliners. The letter of intent includes a 10-year service agreement on the airline’s GEnx fleet. The list price of the engine order and service agreement are valued at more than $560 million over the life of the engines.

GE Aviation, headquartered in suburban Cincinnati in Evendale, produces commercial and military jet engines and engine components, and offers engine services. Its joint venture with French company Snecma, CFM International, is headquartered in West Chester Twp. Also GE Aviation’s suppliers include an electrical power generation systems production site in Vandalia, TDI-GE Aviation also in Vandalia, and Elano Corp./Unison Industries Dayton in Beavercreek.



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