breaking news

Mall at Fairfield Commons loses a restaurant tenant

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

10 stories that illuminated the crazy holiday shopping season
10 stories that illuminated the crazy holiday shopping season

Consumers started early this year on holiday shopping, crowding local malls and shopping centers. Holiday spending in Ohio is expected to grow 2 percent this year compared to 2016, bringing in an estimated $24.1 billion statewide — and people in the Dayton region are expected to spend more than last year. NRF projects that holiday retail sales...
Springboro hardware store acquired, Liberty Twp. store to close
Springboro hardware store acquired, Liberty Twp. store to close

A family-owned hardware company will acquire Moe’s Outdoor Equipment & Supplies in Springboro. Moe’s, located at 714 N. Main St. in Springboro, will be acquired in early February 2018 by E&H Hardware Group. E&H will also acquire Moe’s Mobile Service unit located in Liberty Twp. E&H Hardware Group is owned by the Bueler family in Wooster...
Christkindlmarkt brings centeries-old German tradition to Dayton
Christkindlmarkt brings centeries-old German tradition to Dayton

Liederkranz-Turner, Dayton's oldest German organization at 1400 E. Fifth St., this weekend showcased the centuries-old Christkindlmarkt tradition that began in medieval Nuremburg.  The Christmas market featured traditional German fare and vendors offering items including hand-crafted ornaments, beer steins, amber jewelry from the Baltic and...
Drone strikes could cause more damage to planes than birds, study says
Drone strikes could cause more damage to planes than birds, study says

A Federal Aviation Administration study found small drones could potentially cause more damage to an aircraft than a bird strike, researchers say. The FAA’s Alliance for System Safety of UAS through Research Excellence – also known as ASSURE— worked with researchers across the country on the study. The research found heavier, stiffer...
Sale of Premier Health’s insurance line falls apart
Sale of Premier Health’s insurance line falls apart

Premier Health’s plan to sell its health insurance business has been dropped. The Dayton-based health care network has lost more than $40 million on its insurance arm over the past two years and had been planning to sell the division to Evolent Health, a Virginia-based health care consultant business. On Friday, Evolent Health said in a...
More Stories