Farnborough Air Show

Services help drive GE’s revenues to $12.8 billion

 - November 27, 2006, 12:02 PM

General Electric (Hall 4 Stand B7) expects its revenues to grow to a record $12.8 billion in 2006–almost 8 percent more than last year. The U.S. engine maker said here that services are driving the increase.

Sales continue to be brisk, with 1,600 CFM56 orders last year and an expectation for approximately as many this year. Meanwhile, the order book for the GEnx has swelled to almost 600 engines.

GE’s Durham, North Carolina GE90 factory is increasing its production rate to take account of the 300 turbofans ordered in 2005 (the previous annual record having been 68). It produced 73 engines last year for the Boeing 777 and will manufacture 170 this year.

Meanwhile, Taiwan-based Mandarin Airlines has signed a letter of intent for an eight-year OnPoint Solutions agreement. The GE maintenance program will cover the China Airlines’ subsidiary fleet of CF34-10E engines that will power its Embraer 190/195 aircraft. OnPoint services include overhaul, on-wing support, new and used parts, component repair, technology upgrades, engine leasing and diagnostics.