CFM to benefit from Continental jet order
Tuesday June 6, 9:36 pm ET
Continental Airlines said Tuesday it is increasing the number of Boeing jets it's ordering to update its fleet, which means more engine orders for CFM International.
The Houston-based airline said in a news release that it will order 10 additional Boeing 787 Dreamliner wide-body aircraft, bringing its total order to 20.
The 787 will be powered by the GEnx engine, now under development by CFM, a joint venture of GE Aviation and Snecma.
Continental (NYSE: CAL - News) is also ordering an additional 24 Boeing Next Generation 737 (737NG) aircraft, bringing the total number of the aircraft in its fleet to 237.
The airline said in the news release that it is replacing older aircraft with the more fuel-efficient 787s and 737NGs.
GE Aviation, headquartered in Evendale, is a unit of New York-based General Electric Co. (NYSE: GE - News).
Published June 6, 2006 by the Cincinnati Business Courier
[Edited 2006-06-07 03:58:51]