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Non-Tech : General Electric (GE) -- Ignore unavailable to you. Want to Upgrade?

To: Dennis who wrote (950)	8/16/1999 7:45:00 AM
From: TechMkt	Read Replies (1) \| Respond to of 3256

The deal with China airlines is bigger than expected. $800 million!!! Fez ___________________ Monday August 16, 4:18 am Eastern Time China Airlines signs engine deals worth US$800 mln TAIPEI, Aug 16 (Reuters) - Taiwan's top carrier China Airlines signed deals worth a combined US$800 million with General Electric Co (NYSE:GE - news) and CFM International on Monday to supply engines for its newly purchased airliners. CFM is a 50-50 percent joint venture between General Electric of the United States and Snecma [SNEC.CN], a French company. Last week, China Airlines signed agreements to buy up to 36 airliners worth US$5.6 billion from Boeing Co (NYSE:BA - news) and Airbus Industrie [ARBU.CN] -- the largest aircraft purchase in Taiwan's history and one of the largest in East Asia since the regional economic crisis began in 1997. GE would supply the engines for 13 firm and four optional CF6-80C2-powered 747-400 freighters, and two optional CF6-80C2-powered 747-400 passenger jets. CFM International would supply engines for five firm CFM56-7-powered 737-800 jet orders, as well as seven firm and one optional order for CFM56-5C-powered Airbus A340-300s. China Airlines has not decided on the engines for four optional A330-300s. ``Today's signing marks GE's first order ever at China Airlines,' Roger Seager, a senior GE executive, told reporters. "We are pleased to have earned their confidence, and look forward to a long and successful relationship in providing China Airlines outstanding engines. China Airlines said the engine deals would enhance its productivity and reduce operating costs. China Airlines has said it planned to simplify its fleet to just three plane types beginning in March 2002: Boeing 747-400 cargo and passenger jets, Airbus A340/330 passenger aircraft and Boeing 737-800 jetliners. (