Wednesday, January 26, 2011

General Electric (NYSE:GE) Airbus Order

General Electric (NYSE:GE) has entered into a new aircraft order with Airbus. General Electric (NYSE:GE) Airbus Order A new deal for 12 more long-range A330-300 aircrafts with Airbus has been signed by General Electric (NYSE:GE) Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of U.S. based General Electric (NYSE:GE). Earlier, GECAS has ordered 100 planes from Airbus and its US rival Boeing for a total of $7.5 billion at the Farnborough air show in England. John Leahy, Airbus commercial director said, "The new order from General Electric (NYSE:GE) Capital Aviation Services (GECAS) underlines the fact that A330 remains the aircraft of choice for clients and underscores the strong market demand, notably for the A330-300." General Electric Co. (NYSE:GE) shares were at 20.04 at the end of the last day’s trading. There’s been a 24.8% change in the stock price over the past 3 months. Analyst Advice General Electric Co. (NYSE:GE) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 2 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 2 Zack’s Rank: 8 out of 23 in the industry
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