GE Capital Aviation Services (GECAS) announced (10-Jul-2012) a commitment to purchase 75 737 MAX 8s and 25 737-800s from Boeing. GECAS president and CEO Norman CT Liu said, “The 737 MAX is a perfect complement to our airplane portfolio." Boeing said it looks forward to working with GECAS to finalise the details of the agreement and the commitment builds on the momentum for the 737 MAX. CFM International stated the Boeing aircraft commitments will also include a USD1.9 billion order for LEAP-1B engines for 737 MAX aircraft and a USD500 million order for CFM56-7B engines for the 737-800s. [more - original PR - GECAS] [more - original PR - Boeing] [more - original PR - CFM International]
GECAS and Boeing announce commitment for 100 737 aircraft
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United Airlines Part 2: Sustaining balance sheet strength while declaring ambitious margin targets
One area where United Airlines has made important strides during the last few years is in overhauling its balance sheet. Its efforts have gained some recognition from credit agencies for its progress in paring down debt and improving leverage ratios; but similarly to its rival American Airlines – attaining an investment-grade credit rating is not a huge priority for United. The airline believes it can achieve some benefits that investment-grade companies enjoy with the current state of its balance sheet.
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