At the aviation exhibition held in Zhuhai last week General Electric signed US$2.1 billion worth of deals with China‘s major airlines.
GE signed four deals for engines and services with three leading Chinese carriers, including Air China, China Eastern Airlines and the HNA Group.
One was a contract for 42 engines for HNA Group’s Airbus A320s which will be delivered at the beginning of 2012. Another was for 20 engines for Air China, 30 engines for China Eastern Airlines and a long-term service agreement on maintenance of the HNA Group A320 fleet, the International Business Times reported.
GE started doing business in China in 1906. Now all GE businesses have set up operations in China, with 36 wholly owned entities and joint ventures in manufacturing, service and R&D. GE employs 14,000 people in China.
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