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Non-Tech : General Electric (GE)

GE 307.15

+1.8%

3:59 PM EST

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To: Gerald Walls who wrote (938)	8/11/1999 12:43:00 PM
From: TechMkt	Read Replies (1) of 3256

Don't hear too much about GE's aircraft engine business. Most of the press releases are about GE Capital or GE Medical services. Fez _______________________________ Wednesday August 11, 10:57 am Eastern Time GE values China Airlines order over $400 mln NEW YORK, Aug 11 (Reuters) - GE Aircraft Engines said Wednesday that an engine order from China Airlines to power 13 Boeing Co. (NYSE:BA - news) freighter aircraft is valued at more than $400 million. China Airlines on Wednesday announced the largest aircraft order in the history of Taiwan by ordering 13 Boeing 747-400F cargo jets with options for 11 more cargo and passenger jets. GE Aircraft, a unit of General Electric Co., will provide its CF6-80C2 engines for the jets. China Airlines valued its order from Boeing including options at $3.8 billion. The airline is also buying seven Airbus Industrie [ARBU.CN] 340-300 passenger jets with options for more planes.

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