GE Annual Report 1999 Financial Highlights

Total Page:16

File Type:pdf, Size:1020Kb

GE Annual Report 1999 Financial Highlights e GE Annual Report 1999 Financial Highlights General Electric Company and consolidated affiliates (Dollar amounts in millions; per-share amounts in dollars) 1999 1998 1997 Revenues $111,630 $ 100,469 $ 90,840 Net earnings 10,717 9,296 8,203 Dividends declared 4,786 4,081 3,535 Per share Net earnings 3.22 2.80 2.46 Dividends declared 1.46 1.25 1.08 GE ongoing operating margin rate (a) 17.8% 16.7% 15.7% (a) “Ongoing operating margin” here and elsewhere in this report excludes unusual charges in 1999 and 1997. Contents 1 Letter to Share Owners 8 Introduction to GE Businesses 10 Business Reports 27 Community Service 28 Board of Directors 30 Management 33 Financial Section 77 Corporate Information This entire Annual Report is printed on recycled paper. To Our Share Owners, Customers and Employees The final year of the century was our finest, as 340,000 GE people around the globe posted the strongest results in the Company’s 122-year history. ▪ Revenues rose 11% to $112 billion, a record. ▪ Earnings increased 15% to $10.7 billion, the first time GE has broken the $10 billion mark in earnings from operations. ▪ Earnings per share were up 15%. ▪ Free cash flow was a strong $11.8 billion, up 17%. Chairman and Chief Executive Officer John F. Welch, Jr. (center) ▪ Our ongoing operating margin rate grew to 17.8%, and Vice Chairmen and Executive Officers John D. Opie (left) and Dennis D. Dammerman (right) form GE’s Corporate Executive Office. a gain of more than a full point from ’98 and the third straight year of more than a full point improvement. Working capital turns hit an all- ▪ We repurchased $1.9 billion in GE stock in 1999, time high of 11.5—an improvement of 2.3 turns. raised the dividend 17% for the second consecu- The 80% improvement in this key performance tive year, and proposed a 3-for-1 stock split, the measure over the past three years has added fifth split in 17 years, which will take effect after $4 billion to our cash flow. share owner approval in April 2000. ▪ GE made 134 acquisitions in 1999, worth almost $17 billion. This marks the Company’s third year in a row with over 100 acquisitions, totaling over Our share owners—including our $51 billion. active and retired employees who have ▪ GE was named, for the second consecutive year, $24 billion of GE stock in their savings Fortune magazine’s “Most Admired Company plans—were rewarded for this perfor- in America.” Also for the second straight year, we were named “The World’s Most Respected mance. The total return on a share of GE Company” by the Financial Times. A Business stock in 1999 was 54%. This followed Week survey named the GE Board of Directors “Best Board,” and Time magazine described returns of 41% in 1998, 51% in 1997, 40% GE as “The Company of the Century.” in 1996 and 45% in 1995. 1 Understanding GE The Social Architecture In this report, for the first time, the CEOs of the top 20 GE’s current social architecture began to form in the GE businesses will describe the highlights and, in a few early ’80s when we became convinced that the only cases, the shortfalls of the year, and their plans for the way a company like ours could move quickly and suc- future. Fourteen of these 20 businesses produced dou- cessfully through times of radical change was to use ble-digit earnings increases in 1999: five grew more every mind in the Company and to involve everyone in than 40%; four between 25-40%; five between 15-25%; the game—to leave no one, and no good idea, out. To three were about flat; three were down. achieve this radical cultural transformation, we devel- We never get it all “right” in any year, and probably oped something we called “Work-Out,” which is never will, but it is the scale and leading market posi- based on the simple premise that those closest to the tions of these businesses, and the quality of the teams work know it best. Over the years there have been that run them, that allow us to have one great year literally hundreds of thousands of Work-Out “town after another. 1999 was an outstanding year—our meetings,” where the views and ideas of every best ever—but the past five have been great as well, employee, from every function, in every business, as have the past 20. For that matter, it’s been a great were solicited and turned into action—usually on century. Edison would be pleased. the spot. People saw the value we attached to their We believe annual reports are as much about intellect and their ideas—and as a result, their ideas where we can go as where we have been; and our began to flow in torrents. message to you this year should enable you to look The second facet of the social architecture forward to the brightest of futures for GE in its third involved the cultivation of what we call “boundary- century of operation. less” behavior by the removal of every organizational and functional obstacle to the free and unimpeded ...it’s actually easy to understand this flow of ideas—inside the Company across every Company, and to feel confident about operation, and outside the Company from the best thinking in world business. We measured this bound- its future growth, if you look at its array aryless behavior in our leadership—and rewarded or of world-class businesses and grasp removed people based on it. We anonymously survey the two fundamental forces that drive thousands of employees every year to measure our progress and see if our rhetoric matches their reality. GE—its social architecture and its When it does not, we take action. operating system. The combination of involving everyone in the game and of responding to this flow of ideas and information Much has been said of the difficulty of “under- turned GE into what we are today—a learning com- standing” GE because of the enormous diversity of its pany. By becoming a learning company, we have taken products and services and the breadth of its global market and geographic diversity, the traditional handi- operations. But it’s actually easy to understand this cap of multi-business companies, and turned them Company, and to feel confident about its future growth, into a decisive advantage—unlimited access to the if you look at its array of world-class businesses and most enormous supply of best ideas, information and grasp the two fundamental forces that drive GE—its intellectual capital the business world has to offer. social architecture and its operating system. 2 Our social architecture—our values—is the how they are implementing the particular initiative software that drives what we call the operating in their own operations. The incredible amount of system of GE. learning that comes from this shared experience expands the initiative and energizes their efforts. The GE Operating System Every Company activity and every Company event The operating system of GE was devised to channel during the year add energy and momentum to the ini- and focus this torrent of ideas and information and tiative. In these same quarterly meetings, for example, put it to use through the medium of Company-wide every Business Management Course class at our “initiatives,” as well as to track, measure and expand Management Development Institute—50 to 60 of our these initiatives as they take hold and flourish. highest potential leaders—reports back on its three- By becoming a learning company, we week experience in the field on the best practices they found from other companies around the world—and have taken market and geographic diver- they are brutally honest on how we stack up vis-à-vis sity, the traditional handicap of multi- the best they saw. This candid feedback really picks up the pace. business companies, and turned them The same is true for Human Resources reviews. into a decisive advantage—unlimited In April and May, the Corporate Executive Office and access to the most enormous supply of Human Resources leaders go into the field for full-day personnel reviews at each location, where the people best ideas, information and intellectual leading and practicing the initiatives present their capital the business world has to offer. progress, and a clear assessment is made of the capa- bilities and the level of intensity of the people involved This operating system is based on an informal in the initiative. We want only the best, the brightest but intense, regular schedule of reviews designed to and the most committed to be in these leadership create momentum for the initiative. It progresses roles, and the focus on talent is relentless. with a drumbeat regularity throughout our business By October, role models—heroes—have emerged year—year after year. in all the businesses, and they are selected to present A typical initiative—Product Services, say, or Six to the 150 Corporate Officers at their annual meeting. Sigma Quality—is launched with passionate intensity This meeting serves as a platform where each busi- at the meeting of our 600 global leaders in January. ness can measure its progress against that of the best A commitment to the initiative is made. Every subse- of its peers. quent event in the Company is developed around This takes us full circle to January, when the 600 implementing and expanding the initiative: resources global leaders of our Company meet and focus, once are allocated; high visibility jobs are created; intense again, on the initiatives.
Recommended publications
  • 2018 Annual Report WHERE YOU CAN FIND MORE INFORMATION Annual Report
    2018 Annual Report WHERE YOU CAN FIND MORE INFORMATION Annual Report https://www.ge.com/investor-relations/annual-report Sustainability Website https://www.ge.com/sustainability FORWARD-LOOKING STATEMENTS Some of the information we provide in this document is forward-looking and therefore could change over time to reflect changes in the environment in which GE competes. For details on the uncertainties that may cause our actual results to be materially different than those expressed in our forward-looking statements, see https://www.ge.com/ investor-relations/important-forward-looking-statement-information. We do not undertake to update our forward-looking statements. NON-GAAP FINANCIAL MEASURES We sometimes use information derived from consolidated financial data but not presented in our financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP). Certain of these data are considered “non-GAAP financial measures” under the U.S. Securities and Exchange Commission rules. These non-GAAP financial measures supplement our GAAP disclosures and should not be considered an alternative to the GAAP measure. The reasons we use these non-GAAP financial measures and the reconciliations to their most directly comparable GAAP financial measures are included in the CEO letter supplemental information package posted to the investor relations section of our website at www.ge.com. Cover: The GE9X engine hanging on a test stand at our Peebles Test Operation facility in Ohio. Here we test how the engine’s high-pressure turbine nozzles and shrouds, composed of a new lightweight and ultra-strong material called ceramic matrix composites (CMCs), are resistant to the engine’s white-hot air.
    [Show full text]
  • A Great Deal More Change Coming… Interview with CP's Hunter Harrison
    Winter / Hiver 2012 A great deal more change coming… Interview with CP’s New Lab will Tackle Railway Geographical Hunter Harrison Challenges 2012 Safety Awards VIA Transformation Paying Off Offi cial Publication of the Railway Association of Canada / Publication offi cielle de l’Association des chemins de fer du Canada Same name, better service This is a different railway than it once was. As part of the global supply chain, we’re helping We’re providing better service than ever before, customers become more competitive with rapid, delivering products to market faster with consistent reliable rail. Visit us online to learn more. transit times. cpr.ca 613474_Canadian.indd 1 01/11/12 4:16 PM 607818_CNCanadian.indd 1 9/28/12 3:21:50 PM the digital standard – TRUSTED by Class 1 Railways in North America Advanced features, extended coverage, strong security and 12.5 / 6.25 kHz compatibility are just some of the benefits of adopting NEXEDGE® for advanced digital communications. Call today and ask about the NXDN® Series of reliable mobiles and portables, ready for today and into tomorrow. 1-800-775-0148 ext.320 Scan with your smart phone. ADS#36612 600021_Kenwood.indd 1 8/10/12 9:06:14 AM Chairman: Claude Mongeau President and CEO: Michael Bourque Vice-President, Public and Corporate Affairs: Bruce Burrows Vice-President, Operations and Regulatory Affairs: Mike Lowenger Director, Finance and Administration, and Treasurer: Don Dickson Art Direction and Design Lead: Ivan Novotny (Taylor|Sprules) contents Editor-in-chief: Paul Goyette, Director, Public Affairs and Communications 10 A Great Deal More Change Coming: Published for Interview with Canadian Pacifi c’s Hunter Harrison The Railway Association of Canada 99 Bank Street, Suite 901 20 New Lab will Tackle Canadian Railway Geographical Ottawa, ON K1P 6B9 Challenges Phone: 613.567.8591 Fax: 613.567.6726 24 CN Adds New Terminal and Launches New Maintenance and www.railcan.ca Training Facilities Interchange is published four times a year by 33 A Short Line is More than the Sum of its Tracks Naylor (Canada), Inc.
    [Show full text]
  • Download Our Latest White Paper, Lean Maintenance Programs: How Creative Machining Solutions Can Help, At
    2005 MARCH COVER.qxd 3/2/2005 10:45 AM Page 1 March 2005 MARITIME REPORTER Cruise Shipbuilding AND ENGINEERING NEWS Italy Leads the Comeback www.marinelink.com Ship Safety SAFEDOR Launched Government Update Nontank Vessels Need Response Plans Investment in Design New Solutions for LNG Ships Navy X Marks the Spot New Products • Sea Technology • Tanker Market Report • Ships Store • SatCom Directory MR MARCH 2005 #1 (1-8).qxd 3/2/2005 11:58 AM Page 2 A Century of Navy Partnership Power Solutions When the Stakes are High More than a century ago, when the U.S. Navy wanted more precise targeting Call us to find out how our innovative and changed its aiming systems from hydraulic and steam-powered movement attitude can make you more successful to electric systems, Ward Leonard led the way, creating and installing the at 860-283-5801 world’s first multiple voltage system. The system played an important role in or visit us at www.wardleonard.com. the Spanish-American War. We’ve got answers. Today, as the U.S. Navy moves from hydraulic and mechanical systems to all electric, Ward Leonard is on station, innovating and partnering. We have just created an innovative, multi-protocol communications module that simplifies shipboard motor control management and reduces development costs while eliminating equipment duplications. Circle 288 on Reader Service Card MR MARCH 2005 #1 (1-8).qxd 2/28/2005 3:54 PM Page 3 ACCESS With C-MAP/Commercial’s CM-93 electronic chart database, you receive global coverage on one CD. Our 18,000+ electronic charts make navigating commercial vessels easier and safer than ever.
    [Show full text]
  • Making It LOUD
    Making it LOUD 2011 Annual Report WWW.USFIRST.ORG1 For over 20 years, FIRST® Founder Dean Kamen and everyone associated with FIRST have been on a mission to spread President Barack Obama, along with White House Technology Officer Aneesh Chopra, continued to feature FIRST teams as perfect examples of the president’s national White the word about the many educational, societal, economical, and House Science Fair initiative promoting STEM (science, technology, engineering, and Dean Kamen will.i.am planetary benefits of getting youth and adults alike involved in theFIRST math) education and celebrating science and math achievement in American schools. Morgan Freeman experience. Despite not having access to the millions of marketing Soledad O’Brien dollars required to make FIRST a household “brand,” the program has continued to grow each year at a blistering pace. …aND loudER Books, magazines, newspapers, cable TV, and the Web helped us create noise, too, with ongoing national coverage by Bloomberg, CNN, Popular Mechanics, In 2011, however, thanks to the fervent interest of major figures Popular Science, Wired, ESPN Magazine, WallStreetJournal.com, and more. Author Neal Bascomb brought the FIRST experience to life in his inspiring in government, the media, and mainstream entertainment, the book, The New Cool.Time Warner Cable incorporated “volume” of voices promoting FIRST... FIRST into its national “Connect A Million Minds™” initiative, featuring our FRC program in its TV show “It Ain’t Rocket Science.” The clamor of FIRST recognition continues to grow ...GOT TuRNED UP loud...VERY loud! louder every day. The continuing mainstream exposure is helping propel us toward our goal of making FIRST known and recognized around the globe.
    [Show full text]
  • Aercap Dutch GAAP 2020
    AerCap Holdings N.V. Dutch GAAP Annual Report For the year ended December 31, 2020 INDEX TO ANNUAL REPORT AerCap Holdings N.V. Annual Report 2020 Report of the Board of Directors......................................................................................................................................... 3 Consolidated Financial Statements..................................................................................................................................... 32 Consolidated Balance Sheets as of December 31, 2020 and 2019 ............................................................................. 32 Consolidated Income Statements For the Years Ended December 31, 2020 and 2019 .............................................. 34 Statements of Total Results of the Group For the Years Ended December 31, 2020 and 2019 ................................. 35 Consolidated Statements of Cash Flows For the Years Ended December 31, 2020 and 2019 ................................... 36 Notes to the Consolidated Financial Statements ......................................................................................................... 39 Company Financial Statements........................................................................................................................................... 97 Company Balance Sheets as of December 31, 2020 and 2019 ................................................................................... 97 Company Income Statements For the Years Ended December 31, 2020 and 2019 ..................................................
    [Show full text]
  • AUCTION COMPLETE RAILCAR RENOVATION & REPAIR FACILITY Including: Ultra Late Model JBI Painting Facilities and Railcar Shot Blasting System; 2002 Grove 15 T
    AUCTION COMPLETE RAILCAR RENOVATION & REPAIR FACILITY Including: Ultra Late Model JBI Painting Facilities and Railcar Shot Blasting System; 2002 Grove 15 T. Carry Deck Crane; Heavy Fabricating Equipment; Late Model Welding Machines; (2) Kone Overhead Bridge Cranes, New 2004; Late Model Rough Terrain and Cushion Tire Forklifts; Air Compressors; Large Quantity of Hand and Power Tools; Material Handling Equipment; Much, Much More! At the Premises of RAILROAD REPAIR FACILITY FKA GE CAPITAL RAIL SERVICES 2801 Northcutt Street TEXARKANA ARKANSAS 71854 (See Directions on Back Page) 2001 WEDNESDAY DECEMBER 15 RAILCAR BLAST BOOTH PREP AREA JBI DOWNDRAFT PAINT BOOTH 1O:00 A.M. INSPECTION: Tuesday, December 14, A 10% BUYER’S PREMIUM WILL APPLY 9:00 A.M. to 4:00 P.M. & Morning of Sale 2002 2004 VIEW OF (2) KONE 20 T. X 58' SPAN OVERHEAD BRIDGE CRANES GROVE 15 T. CARRY DECK CRANE Read Terms and Conditions on Back Page of Brochure Sale Conducted By: In Conjunction With: PLANT & MACHINERY INC. AUCTIONEERS•APPRAISERS•LIQUIDATORS•REAL ESTATE 2901 W. Sam Houston Pkwy. N., Suite A-130, Houston, TX 77043 PHONE: (713) 691-4401 FAX: (713) 672-7905 E-MAIL: [email protected] • WEBSITE: www.pmi-auction.com 77 East Palatine Road • Prospect Heights (Chicago), IL 60070 Phone: 312-280-1234 • Fax: 312-280-1266 Bob Braman, AR Lic.#1349 • Ron Moore, AR Lic.#1348 2001 AUCTION At the Premises of RAILROAD REPAIR FACILITY FKA GE CAPITAL RAIL SERVICES 2801 Northcutt Street TEXARKANA, ARKANSAS 71854 (See Directions on Back Page) WEDNESDAY, DECEMBER 15 • 1O:00 A.M. 2001 INSPECTION: Tuesday, December 14, 9:00 A.M.
    [Show full text]
  • 3/4/2021 CLOTWORTHY, WILLIAM C.: Papers, 1954-2002
    CLOTWORTHY, WILLIAM C.: Papers, 1954-2002 – REAGAN LIBRARY COLLECTIONS This collection consists of personal papers donated to the Reagan Presidential Library. It is available in whole for research use. In accordance with the Deed of Gift, some items may have been withdrawn from the folders. Material is withdrawn most frequently due to national security classified material, personal privacy, and/or protection. of the President, etc. CLOTWORTHY, WILLIAM C.: Papers, 1954-2002 Biographical Note William C. Clotworthy is a former advertising producer and NBC network censor. Clotworthy joined advertising firm, BBDO (Batten, Barton, Durstine & Osborn) in 1950 in their New York office. His work at the agency was mostly with television or radio shows produced by BBDO clients. He began working as a client representative with radio shows on tour, including a radio show called The American Way, featuring the big band of Horace Heidt. In 1952, when Heidt worked in California during a six month road show, Clotworthy was asked to stay and work in the BBDO Hollywood office. In California, Clotworthy’s responsibilities greatly expanded and included client representation for several television shows, including This is Your Life with Groucho Marx, The Jack Benny show and the George Burns and Gracie Allen comedy. After leaving BBDO in the late 1970s, his next position was as the NBC Director of Broadcast Standards – the main censor for the network (1979-1991). He was the primary censor for the new comedy program, Saturday Night Live. In 1954, Clotworthy became client representative to a new program for BBDO client, General Electric Theatre. G.E.
    [Show full text]
  • GE Works GE 2012 Annual Report Annual 2012 GE
    General Electric Company Fairfield, Connecticut 06828 www.ge.com GE Works GE 2012 Annual Report 2012 Annual Report 3.EPC055148101A.103 “ Last year we set focused execution goals for GE: double-digit industrial earnings growth; margin expansion; restarting CITIZENSHIP AT GE the GE Capital dividend to the parent; reducing the size of IN 2012, WE GE Capital; and balanced capital allocation. We achieved all As a 130-year-old ~ 2^]caXQdcTS\^aTcWP]!!\X[[X^]c^R^\\d]XcXTbP]S technology company, nonprofit organizations. of our goals for the year.” GE has proven its ~ ;Pd]RWTS abc^UPZX]S_a^VaP\bcWPcQaX]VcWT[PcTbc JEFF IMMELT, CHAIRMAN AND CEO breast cancer technologies to women. sustainability. Working Healthymagination and Susan G. Komen for the Cure have to solve some of the partnered to bring the latest breast cancer technologies to world’s biggest challenges, more women, by encouraging women to be screened through targeted programs in the U.S., China and Saudi Arabia. Citizenship is in the ~ 6T]TaPcTS! QX[[X^]X]aTeT]dTUa^\^daTR^\PVX]PcX^] products we make, how product portfolio. we make them, and in the difference we make 2012 PERFORMANCE in communities around GE’s newest Evolution Series GE is one of the largest locomotive prototype (pictured) employers in the U.S. and the world. reduces emissions by more than the world, with 134,000 70% compared with 2005 engines, U.S. employees and www.gecitizenship.com saving railroad customers more 305,000 employees globally, CONSOLIDATED REVENUES GE SCORECARD (In $ billions) than $1.5 billion in infrastructure as of the end of 2012.
    [Show full text]
  • Fueling Economic Growth
    The Business Case For MINORITY BUSINESS ENTERPRISES Fueling Economic Growth 1 THE FUTURE MAJORITY 120 million strong and increasing by 2.3 million per year, multicultural populations are the growth engine of the future in the U.S. Hispanics, African-Americans, Asian- Americans, and all other multiculturals already make up 38% of the U.S. population, with Census projections showing that multicultural populations will become a numeric majority by 2044. 2 .. TOC Advancing Business Connections That Count Contents Our Goals & Call To Action ....................................................................................... 5 Our Mission ............................................................................................................. 7 NMSDC By The Numbers ......................................................................................... 8 National Corporate Members ....................................................................................14 National Affiliates .................................................................................................... 18 Growth Trends - The Emerging Minority Marketplace ....................................................... 20 Economic Impact ...................................................................................................... 21 Minority Purchasing Power .......................................................................................... 24 U.S. Population Growth ............................................................................................
    [Show full text]
  • Entityname Filenumber "D" PLATINUM CONTRACTING SERVICES, LLC L00005029984 #Becauseoffutbol L.L.C. L00005424745 #KIDSMA
    EntityName FileNumber "D" PLATINUM CONTRACTING SERVICES, LLC L00005029984 #BecauseOfFutbol L.L.C. L00005424745 #KIDSMATTERTOO, INC N00005532057 #LIVEDOPE Movement N00005462346 (2nd) Second Chance for All N00004919509 (H.E.L.P) Helping Earth Loving People N00005068586 1 800 Water Damage North America, LLC L00005531281 1 city, LLC L00005556347 1 DUPONT CIRCLE, LLC L00005471609 1 HOPE LLC L00005518975 1 Missouri Avenue NW LLC L00005547423 1 P STREET NW LLC L42692 1 S Realty Trust LLC L00005451539 1 SOURCE CONSULTING Inc. 254012 1 Source L.L.C. L00005384793 1 STOP COMMERCIAL KITCHEN EQUIPMENT, LLC L00005531370 1% for the Planet, Inc. N00005463860 1,000 Days N00004983554 1,000 DREAMS FUND N00005415959 10/40 CONNECTIONS, N00005517033 100 EYE STREET ACQUISITION LLC L00004191625 100 Fathers, The Inc. N00005501097 100 Property Partners of DC LLC L00005505861 100 REPORTERS N0000000904 1000 47th Pl NE LLC L00004651772 1000 CONNECTICUT MANAGER LLC L31372 1000 NEW JERSEY AVENUE, SE LLC L30799 1000 VERMONT AVENUE SPE LLC L36900 1001 17th Street NE L.L.C. L00005524805 1001 CONNECTICUT LLC L07124 1001 PENN LLC L38675 1002 3RD STREET, SE LLC L12518 1005 17th Street NE L.L.C. L00005524812 1005 E Street SE LLC L00004979576 1005 FIRST, LLC L00005478159 1005 Rhode Island Ave NE Partners LLC L00004843873 1006 Fairmont LLC L00005343026 1006 W St NW L.L.C. L00005517860 1009 NEW HAMPSHIRE LLC L04102 101 41ST STREET, NE LLC L23216 101 5TH ST, LLC L00005025803 101 GALVESTON PLACE SW LLC L51583 101 Geneva LLC L00005387687 101 P STREET, SW LLC L18921 101 PARK AVENUE PARTNERS, Inc. C00005014890 1010 25TH STREET LLC L52266 1010 IRVING, LLC L00004181875 1010 VERMONT AVENUE SPE LLC L36899 1010 WISCONSIN LLC L00005030877 1011 NEW HAMPSHIRE AVENUE LLC L17883 1012 13th St SE LLC L00005532833 1012 INC.
    [Show full text]
  • Friday, July 13, 2012 Week 28
    Friday, July 13, 2012 Week 28 YOUR AERO PARTNER IN INSTRUMENTS COMPONENT & AVIONICS, INC. REPAIR The Newsletter of Record for the Aviation Industry since 1979 - ISSN 0271-2598 1,714th Issue www.speednews.com Page 1 of 10 BOEING announced 215 737 MAX orders/commitments from four leasing companies: AIR LEASE CORP for 60 737 MAX-8s and 15 737 MAX-9s (also reconfirmation rights for 25), GECAS for 75 737 MAX-8s, ALAFCO for 20 737 MAX-8s, and AVOLON for 10 737 MAX-8s and five 737 MAX-9s (reconfirmation rights for five).GECAS (25) and AVOLON (10) also agreed to order 35 737-800s. UNITED ordered 100 737 MAX-9s and 50 737-900ERs (both 180-pax) in deal valued at $14.7b; 737 program reached >10,000 orders. SKYWEST, Utah agreed to order 100 PW1200G-powered MRJs for 2017-2020. MITSUBISHI now has 230 orders/commitments. CATHAY PACIFIC agreed to order 10 Trent-powered A350-1000s, plus convert 16 of original 36 A350-900s on order to -1000s. BOMBARDIER booked a conditional order from an unidentified customer for five CS100s and 10 CS300s. It also announced that CHINA EXPRESS AIRLINES converted previously announced conditional order for six CRJ900NGs, plus five options, and AIRBALTIC signed LOI to order 10 CS300s and take 10 purchase rights. CHORUS AVIATION converted six (of 15) Q400 options. AIRASIA said that it is in CSeries order talks and finalizing negotiations with AIRBUS for 50-100 additional aircraft. CIT AEROSPACE ordered 10 more A330s, including new 240-tonne variant (see page two), and has now ordered 51 (36 delivered).
    [Show full text]
  • Introduction to the Complete Directory to Prime Time Network and Cable TV Shows
    Broo_9780345497734_2p_fm_r1.qxp 7/31/07 10:32 AM Page ix INTRODUCTION In the following pages we present, in a sin- eral headings. For example, newscasts are gle volume, a lifetime (or several lifetimes) of summarized under News, movie series under television series, from the brash new medium Movies and sports coverage under Football, of the 1940s to the explosion of choice in the Boxing, Wrestling, etc. All other series are 2000s. More than 6,500 series can be found arranged by title in alphabetical order. There here, from I Love Lucy to Everybody Loves is a comprehensive index at the back to every Raymond, The Arthur Murray [Dance] Party cast member, plus appendixes showing an- to Dancing with the Stars, E/R to ER (both nual network schedules at a glance, the top with George Clooney!), Lost in Space to Lost 30 rated series each season, Emmy Awards on Earth to Lost Civilizations to simply Lost. and other information. Since the listings are alphabetical, Milton Network series are defined as those fed out Berle and The Mind of Mencia are next-door by broadcast or cable networks and seen si- neighbors, as are Gilligan’s Island and The multaneously across most of the country. Gilmore Girls. There’s also proof that good Broadcast networks covered are ABC, CBS, ideas don’t fade away, they just keep coming NBC, Fox, CW, MyNetworkTV, ION (for- back in new duds. American Idol, meet merly PAX) and the dear, departed DuMont, Arthur Godfrey’s Talent Scouts. UPN and WB. We both work, or have worked, in the TV Original cable series are listed in two dif- industry, care about its history, and have ferent ways.
    [Show full text]