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21-Jun-2011 12:43 PM

GE forecasts more than USD10bn in engine orders at Paris

General Electric forecast its GE Aviation unit would win more than USD10 billion in orders and work through its JV agreements at this week’s Paris Air Show (Bloomberg, 20-Jun-2011). GE is a 50:50 partner in CFM International with Safran and its also a equal partner with Pratt & Whitney in Engine Alliance. CFM International recently announced its first orders for the company’s new LEAP-X engine, as well as signing an agreement making the engine the sole Western powerplant for the COMAC C919