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Boeing says GE placed $5.34 bln order for 39 jets

Boeing Co., the world's second-largest commercial-airline maker, said General Electric Co. ordered 39 of its passenger planes in a transaction with a list-price value of $5.34 billion (€4.12 billion).

General Electric Co., the world's biggest aircraft lessor, booked the order last year. It had been listed as unidentified in Chicago-based Boeing Co.'s orders and deliveries tally on its Web site, the companies said in a statement yesterday.
General Electric, which has a fleet of 1,450 planes leased to 225 carriers, ordered 69 planes last year, including those announced yesterday. The Fairfield, Connecticut-based company is benefiting as airlines seek to expand and replace aging planes quickly using less of their own money. Limited production capacity at Boeing and Airbus SAS also has spurred interest in leases.
GE plans to buy 15 Boeing 777s and two dozen 737s, the world's best-selling passenger plane. Boeing on January 4 said it booked a record 1,044 orders last year, beating Airbus for the first time in six years and topping the 1,002 orders in 2005. Henry Hubschman, CEO of GE's plane-leasing unit, said in the statement that the company already has customers for many of the planes.
Shares of Boeing dropped $3.03, or 3.4%, to $85.66 at 4:16 p.m. in New York Stock Exchange composite trading after Wachovia Capital Markets LLC downgraded the company to „neutral.” The stock gained 26% last year. GE fell 20 cents to $36.75. General Electric, also the world's biggest maker of jet-engines, is the exclusive provider of engines for the extended-range 777 model and for 737s through its CFM International venture with France's Safran SA. Orders for the 737 last year totaled a record 729 aircraft. (Bloomberg)