GE Aviation flying toward record air show haul

The smile on the face of GE Aviation CEO David Joyce is hard to miss, especially at the Paris Air Show. The aircraft engine and parts supplier is on pace to book a record number of orders.

“We’re looking at $35 Billion in new business, engines and services and I’m telling you that’s conservative,” Joyce told CNBC at the Paris Air Show. “If things go our way this week we could see ourselves going north of that by a reasonable number.”

GE Aviation booked the largest engine and services deal ever when Indigo, a low cost carrier based in India, placed a $20 Billion order for CFM International LEAP-1A engines to power 280 Airbus A320neo and A321neo airplanes.

CFM International is the joint venture owned by GE Aviation and Safran, a major aviation company based in France. Read More

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