GE, CFM report billions in new orders


GE Aviation and CFM International — companies with a strong Southwestern Ohio presence — are reporting plenty of new orders from the Paris Air Show, which began today.

GE Capital Aviation Services, the aviation leasing and financing arm of GE, on Monday announced a firm order for 200 CFM International LEAP-1A engines to power new Airbus A320neo family aircraft.

RELATEDGE Aviation, CFM go center stage in Paris

West Chester Twp.-based CFM values the agreement at more than $2.9 billion.

The LEAP engine is a product of CFM International, a 50-50 joint venture between GE and Safran Aircraft Engines. This engine has experienced what GE calls “the fastest order ramp-up in commercial aviation history,” with CFM receiving orders for more than 12,500 LEAP engines through May 2017.

Also Monday, CDB Aviation Lease Finance, a subsidiary of CDB Leasing, announced an order for LEAP-1B engines to power 42 Boeing 737 MAX 8 and four Boeing 737 MAX 10 aircraft.

That order is valued at more than $1.3 billion. Delivery of the engines will begin in 2021.

Also announced from France on Monday: China Eastern selected GE’s GEnx-1B engine to power its 15 new Boeing 787-9 Dreamliner aircraft. The engine order is valued at more than $850 million. Delivery of these aircraft will begin in 2018, GE said.

The aircraft order was announced last year.

Saj Ahmad, chief analyst for StrategicAeroResearch.com, said GE and CFM are off to a strong start. 

“GE and CFM have led the aero-engine industry for many years and it’s no surprise that GE leads on the 787, has a monopoly on 777X, while CFM enjoys 100 percent of 737 MAX orders while also leading the orders on the rival A320neo family,” he said in an email. 

 The General Electric Co. is Ohio’s largest manufacturing employer, with more than 15,000 employees. In Southwest Ohio, where its aviation unit is headquartered, GE anchors an aerospace parts manufacturing industry that employs thousands.



Reader Comments ...


Next Up in Business

I tried the sensory-deprivation float at Gravity Spa in Beavercreek
I tried the sensory-deprivation float at Gravity Spa in Beavercreek

Upon entering the Gravity Spa in Beavercreek, you immediately get the sense you’re in a place of relaxation — and not just because of the comical sign in the window asking for quietness. You’ll see aquatic-inspired artwork, hear soothing instrumental music, and smell a faint scent of essential oils. The employees are either barefoot...
St. Mary’s trailer dealer opens Harrison Twp. site
St. Mary’s trailer dealer opens Harrison Twp. site

A St. Mary’s trailer and snow-plow dealer is expanding into the Dayton area. Midway Trailers Sales was born in 1999 as a small trailer sales lot and repair facility, purchased 13 years later by Roger and Deb Miller. The Millers expanded Midway’s selection and has brought the business to a new home in Harrison Township, the Dayton Area Chamber...
Brown pushes union pension recovery plan in Dayton
Brown pushes union pension recovery plan in Dayton

U.S. Sen. Sherrod Brown visited with Teamsters members and retirees Friday to push legislation he argues could save a string of ailing blue-collar pensions. Brown, D-Ohio, visited the Harrison Twp. offices of Teamsters Local 957 to discuss the shortfalls that threaten the union pensions of 60,000 Ohioans and 1.5 million workers and retirees nationwide...
Springfield nursing home investigation: Patient ODs on unlocked pills
Springfield nursing home investigation: Patient ODs on unlocked pills

Two patients allegedly gained access to unsecured narcotics and one of them overdosed at a Springfield nursing home, according to state documents obtained by the Springfield News-Sun. The Ohio Department of Health filed a statement of deficiencies for Eaglewood Care Center, 200 Villa Road in Springfield, after the alleged incident that occurred in...
Attorneys for DP&L: Utility needs $55M for ‘reasonable rate of return’
Attorneys for DP&L: Utility needs $55M for ‘reasonable rate of return’

Attorneys for Dayton Power and Light argue that the utility is already failing to achieve a “reasonable rate of return” and shouldn’t be asked to lower rates, even after the recent federal corporate tax cut. In fact, DP&L needs to increase rates by some $55 million, the attorneys said in a filing Thursday with the Public Utilities...
More Stories