Print
More News

GE Aviation On Track For Record Orders

By Jenny Callison, posted Jul 14, 2014
Workers at GE Aviation’s plant in Castle Hayne will be busy for the next several years, thanks to a second record-breaking year of orders for the company’s jet engines, including a flurry at this year’s Farnborough Air Show, outside London, England. The plant makes rotating parts for the engines.

Last year, CFM International – GE’s joint venture with French engine maker Snecma – logged total orders of 2,723 engines worth more than $31 billion at list price.
Halfway through this year, the company already has taken orders for 2,071 CFM56 series and next-generation LEAP engines with a combined list value of about $25 billion, the company announced in a news release Sunday. Those engines will power both Boeing and Airbus aircraft, the release stated.

The engine orders come from an array of airlines, including Delta (15 engines), FlyDubai (75), Lufthansa (40), Turkish (15) and VietJet (21).

"2013 was a big year for us in so many ways and 2014 looks to be just as strong,” Jean-Paul Ebanga, president and CEO of CFM International, said in the release. "The LEAP engine continues to enjoy the highest order ramp up in commercial aviation history and we are still more than two years away from entry into service. At the same time, CFM56 engine orders are still solid. For us, this reinforces the industry’s confidence in this product and, more specifically, the way that CFM56 engines hold their value long term.”

As the company logs record commitments, CFM is also achieving historic production rates for the CFM56 product line, according to the release. The company delivered 1,502 CFM56 engines in 2013 and is on track to deliver 1,550 by year end 2014. This already represents the highest production rate in the industry, the release stated, but plans are already in place to reach more than 1,800 engines per year by 2020 as the company transitions from CFM56 to LEAP engine production.

To help the company reach those production goals, the Castle Hayne plant is due for a five-year, $63 million equipment upgrade as part of a major investment by GE Aviation to enhance jet engine production at manufacturing sites in North Carolina. The company also plans to create 35 new jobs at the plant.

In May 2013, New Hanover County commissioners approved an incentive package of $875,000 for GE Aviation. That amount was part of a package of incentives from local governments and the State of North Carolina to convince the engine maker to make a capital investment of $195 million and create 242 new jobs in the state.


 
Ico insights

INSIGHTS

SPONSORS' CONTENT
2022052 75 142344351

Bridging Futures: The Case for Toll Funding in Wilmington’s Cape Fear Memorial Bridge Revamp

Natalie English - Wilmington Chamber of Commerce
Web awstaffpic2020 1 132245438

The 2024 Luncheon for Literacy featuring Special Guest Jason Mott

Alesha Edison Westbrook - Cape Fear Literacy Council
Cfss headshots parker robert webversion 21422121214

The Latest Solar Scams and What You Can Do to Help Stop Them

Robert Parker - Cape Fear Solar Systems

Trending News

Passenger Rail Study Picks Eastern Route

Emma Dill - May 3, 2024

Entrepreneur Brings Young Tech Startup From Triangle To Wilmington

Audrey Elsberry - May 3, 2024

Biden To Announce National $3B Lead Pipe Replacement Project In Wilmington Visit

Audrey Elsberry - May 2, 2024

The Husk, YoSake Sell In Downtown Wilmington

Jessica Maurer - May 3, 2024

UPDATE: Biden Shares Details On National Lead Pipe Funding At Wilmington Talk

Audrey Elsberry - May 2, 2024

In The Current Issue

CEA Health Care Winner: Tech Helps Fight Fatal Infection

The intersection of medicine and technology sits at the core of Morris Nguyen's biotech startup, Predicate Healthcare Performance Group (HPG...


CEA Emerging Company Winner: Software Tackles Addiction Solutions

After Stevie Burke lost a friend to an overdose, he committed himself to finishing what that friend had started – a platform for people stru...


Leland Eyes Commercial Growth

As Leland’s residential development booms, town leaders are taking steps to ensure that land zoned for commercial development meets its full...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season