GE wins engine deal with local air carrier

   Date:2006/12/31

GENERAL Electric Co, the world's biggest jet-engine maker, won an order worth US$220 million to power nine Shanghai Airlines Co planes, marking its second contract in China in as many days.

GE beat Rolls-Royce Group Plc for the order to power the carrier's new Boeing Co 787 Dreamliners. The jet deliveries will begin in June 2008, Fairfield, Connecticut-based GE said in a statement.

Chief Executive Officer Jeffrey Immelt is racking up sales in China with cleaner-burning turbines. In May, he predicted at least a 20 percent increase in companywide revenue from China this year, to US$6 billion. GE said last week that China Southern Airlines Co placed an order valued at about US$240 million.

Shanghai Airlines previously bought engines made by GE and its joint ventures to power Boeing 737s and Bombardier Inc's CRJ models.

The Shanghai-based carrier had a choice of GE engines and London-based Rolls-Royce products for the 787. GE had won 123 of the 368 Boeing 787 models purchased industrywide before the Chinese orders were announced. Rolls-Royce had 120, and airlines with the remaining planes have yet to decide on an engine maker.

Source:佚名

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