General Electric Co. (GE) Financial News - Singapore Air Orders Eight Boeing 777s to Tap Travel Demand
General Electric Co. (GE)
Singapore Air Orders Eight Boeing 777s to Tap Travel Demand
2011-08-10 06:17:14
Quote: SingaporeGeneral Electric Co. (GE)GE90 engines.
The airplane, 19 percent lighter than its closest
competitor according to Boeing, may also help Singapore Airlines
control costs as rising jet fuel prices damp industry profit.
Fuel will represent 29 percent of airline expenses in 2011, the
second-highest proportion on record, according to International
Air Transport Association estimates.
Jet fuel prices rose 35 percent in the past 12 months to
$121.60 a barrel on Aug. 8 in Singapore, according to Bloomberg
data.
The Singapore Airlines 777-300ERs will have a three-class
layout, according to the carrier’s statement.
Airbus SAS. The latest order brings the number of purchase and
lease orders with the two manufacturers to 70, including those
for the Airbus A380 and Boeing 787, the company said.
estimates.
kpark3@bloomberg.net
ndenslow@bloomberg.net ...
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General Electric Co. Stock Summary
General Electric Company (GE) operates as a technology, media, and financial services company worldwide. Its Energy Infrastructure segment produces gas, steam, and aeroderivative turbines; generators; and combined cycle systems, as well as provides water treatment services and equipment. This segment also sells surface and subsea drilling and production systems, floating production platform equipment, compressors, turbines, turboexpanders, and high pressure reactors to national, international, and independent oil and gas companies; and offers equipment overhauls and upgrades, pipeline inspection and integrity services, remote diagnostic and monitoring, and contractual service agreements. The company?s Technology Infrastructure segment manufactures jet engines, aerospace systems and equipment, and its replacement parts, as well as provides repair and maintenance services for commercial aircraft; military aircraft, including fighters, bombers, tankers, and helicopters; marine applications; and executive and regional aircraft. This segment also produces healthcare products, including diagnostic imaging systems; offers transportation products and maintenance services; provides enterprise solutions using sensors for temperature, pressure, moisture, gas and flow rate, as well as non-destructive testing inspection equipment. GE?s NBC Universal segment engages in the production and distribution of films and television programs; operation of television stations and cable/satellite television networks, as well as theme parks. The company?s Capital Finance segment offers loans, leases, and other financial services to customers, including manufacturers, distributors, and end-users of equipment and major capital assets. Its Consumer & Industrial segment produces various house hold appliances, lighting products, and electrical equipment and control products, as well as provides related services. The company was founded in 1892 and is based in Fairfield, Connecticut.
