GE Expects $30 Billion In Air Show Orders
FARNBOROUGH, England--General Electric Co.'s ( GE ) aviation unit expects $30 billion in orders at the Farnborough air show, its chief executive said Monday.
David Joyce, president and chief executive of GE Aviation, made the comments during a media event at the start of the biennial show, which begins Monday.
The CFM International SA a joint venture between GE and Safran SA confirmed early Monday it has won a deal to supply nearly 300 engines to power Airbus Group NV (AIR.FR) A320 jets for easyJet PLC (EZJ.LN), with a value of up to $3.3 billion.
The Wall Street Journal reported that CFM had won the deal, beating out United Technologies Corp.'s Pratt & Whitney to power the aircraft.
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