From Bristol-Myers Squibb:

Bristol-Myers Squibb and QIMR Berghofer Medical Research Institute Announce Worldwide Collaboration to Discover Novel Immuno-Oncology Antibodies

Category: 

Partnering News, R&D News

Sunday, August 30, 2015 7:00 pm EDT

"QIMR Berghofer is committed to translational research, so it is gratifying when high quality research at the Institute results in the strategic collaboration announced today"

NEW YORK & QUEENSLAND, Australia--(BUSINESS WIRE)--Bristol-Myers Squibb Company (NYSE:BMY) and QIMR Berghofer Medical Research Institute have signed a research collaboration and license agreement to discover novel therapeutic antibodies against an undisclosed immuno-oncology (I-O) target.

“Bristol-Myers Squibb continues to invest in strategic partnerships that accelerate the discovery and development of novel immunotherapies through innovative science and technologies,” said Carl Decicco, Ph.D., Head of Discovery, R&D, Bristol-Myers Squibb. “We are excited to work with QIMR Berghofer Medical Research Institute, a partner that brings significant experience and expertise in cancer research.”

“QIMR Berghofer is committed to translational research, so it is gratifying when high quality research at the Institute results in the strategic collaboration announced today,” said Professor Frank Gannon, QIMR Berghofer Director and CEO. “Bristol-Myers Squibb is the ideal partner to progress these assets to the clinic, with their world-leading expertise in immuno-oncology and a proven track record developing multiple cancer therapies on the market. We look forward to a fruitful, long-term collaboration, delivering new therapies for cancer patients.”

QIMR Berghofer Medical Research Institute is a world leading translational research institute focused on cancer, infectious diseases, mental health and a range of complex disorders. Bristol-Myers Squibb will be solely responsible for clinical development and commercialization of antibodies discovered through the collaboration. Financial terms were not disclosed.

Immuno-Oncology at Bristol-Myers Squibb

Surgery, radiation, cytotoxic or targeted therapies have represented the mainstay of cancer treatment over the last several decades, but long-term survival and a positive quality of life have remained elusive for many patients with advanced disease.

To address this unmet medical need, Bristol-Myers Squibb is leading research in an innovative field of cancer research and treatment known as Immuno-Oncology, which involves agents whose primary mechanism is to work directly with the body’s immune system to fight cancer. The company is exploring a variety of compounds and immunotherapeutic approaches for patients with different types of cancer, including researching the potential of combining Immuno-Oncology agents that target different pathways in the treatment of cancer.

Bristol-Myers Squibb is committed to advancing the science of Immuno-Oncology, with the goal of changing survival expectations and the way patients live with cancer.

About Bristol-Myers Squibb

Bristol-Myers Squibb is a global biopharmaceutical company whose mission is to discover, develop and deliver innovative medicines that help patients prevail over serious diseases. For more information, please visit www.bms.com or follow us on Twitter athttp://twitter.com/bmsnews.

About QIMR Berghofer Medical Research Institute

The QIMR Berghofer Medical Research Institute is a world leading translational research institute focused on cancer, infectious diseases, mental health and a range of complex disorders. Working in close collaboration with clinicians and other research institutes, our aim is to improve health by developing new diagnostics, better treatments and prevention strategies. For more information about QIMR Berghofer, visitwww.qimrberghofer.edu.au.

Bristol-Myers Squibb Forward-Looking Statement

This press release contains “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995 regarding the research, development and commercialization of pharmaceutical products. Such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including factors that could delay, divert or change any of them, and could cause actual outcomes and results to differ materially from current expectations. No forward-looking statement can be guaranteed. Among other risks, there can be no guarantee that the collaboration agreement mentioned in this release will lead to identifying a pre-clinical candidate. Nor is there any guarantee that if one is identified, it will be successfully developed or approved for any of the indications described in this release. Forward-looking statements in this press release should be evaluated together with the many uncertainties that affect Bristol-Myers Squibb's business, particularly those identified in the cautionary factors discussion in Bristol-Myers Squibb's Annual Report on Form 10-K for the year ended December 31, 2014 in our Quarterly Reports on Form 10-Q and our Current Reports on Form 8-K. Bristol-Myers Squibb undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

Federal Gov “STEPs” Up to Help Small Biz Expand Into Exports

The U.S. Small Business Administration has announced an award of $17.4 million for small businesses to expand their commercial efforts into other countries for the fiscal year 2015.

In an official release, SBA administrator Maria Contreras-Sweet says:

Federal Gov “STEPs” Up to Help Small Biz Expand Into Exports

"Spam King" Faces Hard Time, Fines

He’s been called the “Spam King,” and now his reign is at an end. There’s no better reminder to avoid spamming and other illegal and unethical marketing techniques. The cautionary story of Stanford Wallace is one to remember.

Wallace, 47, of Las Vegas, pleaded guilty recently in federal court to accessing roughly 500,000 Facebook accounts. Federal authorities say he used them to send unsolicited ads in the guise of friend requests.

"Spam King" Faces Hard Time, Fines

Be Prepared for Your Next Business Event

Have you given much thought to planning for a business event this week? Here’s a chance to do a little research to make the most out of what such events have to offer.

Make a plan and know what you hope to get out of the experience.

Be Prepared for Your Next Business Event

This Entrepreneur Uses Periscope As A Growth Hack

Live streaming enables you to broadcast anything through your smartphone or tablet.

Apps like Periscope, Meerkat and Blab enable businesses and solopreneurs to make a convenient, “on the fly” mobile broadcasting station, streaming real-time video and audio to any viewers who join their broadcasts.

This Entrepreneur Uses Periscope As A Growth Hack

FCC faces monumental test | TheHill

Officials at the Federal Communications Commission are facing a historic challenge.

The agency is being asked to do something that has never before been tried: a two-step auction of American airwaves that is intended to shift resources from broadcasters to wireless companies.



FCC faces monumental test | TheHill

Master Content Marketing with These Tips from Our Community

Content marketing has become a major part of many marketing strategies, and for good reason. The concept is one that can adapt to so many different industries, budgets and target markets. But that also means that no two content marketing strategies look the same.

For tips on how to build a content marketing plan that works best for your business, read on for this week’s Small Business Trends community news and information roundup.

Master Content Marketing with These Tips from Our Community

Family Biz Thrives 60 Years from Humble Beginnings in Garage

There’s a long-held belief that about half of businesses fail within their first year and even more fail within five years. So for a business to make it 60 years or longer, that’s quite a rare accomplishment.

Perfection Spring & Stamping Corp. in Mount Prospect, Illinois, is a businesses that has accomplished that feat. And maybe even more impressive, the business has been run by the same family, the Kahn’s, for that entire time period.

Family Biz Thrives 60 Years from Humble Beginnings in Garage

Venture Mom: Busy Mom's Guide to Hacking Small Biz From the Kitchen

With a few exceptions, books written on the topic of how to start a business are heavily targeted to three audiences:

1. Tech-savvy startups
2. Serial entrepreneurs
3. Business school grads

Try adding moms to that group.

Venture Mom: Busy Mom's Guide to Hacking Small Biz From the Kitchen

Johnson Controls produces 100 millionth battery at its Burgos plant

From Johnson Controls:

Johnson Controls produces 100 millionth battery at its Burgos plant

• Production capacity increased
• Start-Stop batteries for Europe produced in Burgos plant 

Burgos, Spain – 30 August 2015. On August 30 in the early morning, the 100 millionth battery will roll off the production line at the Johnson Controls battery plant in Burgos. To meet the growing global demand for batteries, Johnson Controls, the world's largest manufacturer of automotive batteries has increased the production and storage capacities in Burgos by about 60 percent compared to the year 2007.

“100 million – that is quite an achievement. Such a production milestone clearly shows all that we have achieved in the past few years. We run continuous operations seven days a week to deliver a top-quality, flawless product to our customers. This applies for the 100 millionth battery as much as it does for any other,” says plant manager Eduardo Quintanal Diaz.

The Burgos plant produces VARTA® Start-Stop batteries with Enhanced Flooded Battery (EFB) technology and conventional starter batteries for all major automakers and retailers, which plays a major role in Johnson Controls’ strategic approach in Europe. The EFB batteries have twice the level of endurance than conventional batteries. They are designed for higher energy demands or Start-Stop vehicles and help our customers improve fuel efficiency. The Start-Stop system automatically shuts off the engine when the vehicle is idle and restarts it when the driver takes his or her foot off the brake. During this time, the vehicle’s electrical systems – from entertainment to lights – are powered by the advanced battery rather than the engine. This makes vehicles up to 5 percent more fuel efficient.

 By 2020, more than 85 percent of all new vehicles produced in Europe will use Start-Stop technology.

“This production milestone is a really big step for us. It shows that all our 300 employees’ hard work was entirely worthwhile. We look to the future with optimism, and are already looking forward to the 150 millionth battery produced in our plant,” Eduardo Quintanal Diaz continues.

The Johnson Controls plant in Burgos was established in 1974. Nearly 300 employees in production and administration work there today serving leading automakers and retail customers.

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Facebook Video Surges, Wix Launches CRM Tools,

Facebook has been putting more and more of an emphasis on its video platform as of late. But how could that impact YouTube users?

Another big name is also working on expanding one of its offerings. Wix is a relatively well known name among the small business community. The maker of drag-and-drop Web design tools has been giving businesses an easy platform to build their websites for years. But recently, the company expanded its offerings to also include CRM solutions.

Facebook Video Surges, Wix Launches CRM Tools,

Incoming! As Tropical Storm Erika Looms, Small Businesses Prepare

It’s been a relatively tame tropical storm season in the Atlantic Ocean but Tropical Storm Erika is making a late-August run at the Southeast U.S.

Some tracks have the storm on a path to collide with the southern tip of Florida — and potentially move into the Gulf of Mexico — by early next week. That potential has prompted Florida’s Small Business Development Center to issue a warning to companies in the state: Get prepared.

Incoming! As Tropical Storm Erika Looms, Small Businesses Prepare

Online Digital Touchpoints Complete Offline Customer Journey

Digital is on the minds of everyone today, from a variety of perspectives. But it’s important to connect those online activities and touchpoints to real life interactions to complete customer experiences, especially in the hotel industry.

Nick Ayres, global director of social marketing for Intercontinental Hotels Group, shares how IHG ties digital touchpoints together to complete the customer journey; from the dream, through to the stay, and beyond.

Online Digital Touchpoints Complete Offline Customer Journey

Dr. Joe Salerno: Crashes are the Cure, not the Problem

Duke Energy is prepared for Tropical Storm Erika - Duke Energy

ST. PETERSBURG, FLA. -

Duke Energy meteorologists are closely monitoring Tropical Storm Erika to determine its path and if the system will have any impact on its Florida service area.

While weather forecasts and models remain uncertain about Erika’s exact path and intensity, Duke Energy's line technicians, service crews and other personnel are available throughout the company's service area and are ready to respond to outages and emergencies, if they occur.

Duke Energy is prepared for Tropical Storm Erika - Duke Energy

Hurricane Katrina’s 10 year anniversary reminds building owners and operators to prepare for unexpected emergencies

From Johnson Controls:

Hurricane Katrina’s 10 year anniversary reminds building owners and operators to prepare for unexpected emergencies

Johnson Controls shares important reminders for the severe weather season

MILWAUKEE – Aug. 27, 2015 – Ten years ago Hurricane Katrina devastated New Orleans and many other Gulf coast communities. As rebuilding efforts continue today, Johnson Controls shares important tips for building owners and operators who may face the threat of severe weather or unexpected emergencies.

Emergency preparedness recommendations:

Remember the domino-effect on operations - Consider the accumulated risks that result from “falling dominoes” in emergency situations. Develop a hazard assessment plan with a buildings expert to understand what may occur if a process fails and how to remedy a subsequent problem.

Audit infrastructure now and avoid future risk - Work with a buildings partner to assess your building or campus-wide infrastructure. Ensure IT and various system integrations have the necessary redundancies designed into your buildings. Also consider developing a supply stockpile that may be needed during a severe weather event.

Assess your notification process - During a weather or safety emergency, far too many institutions learn too late that their notification processes are outdated or unsuccessful. If your organization serves multiple building occupants, such as a college or large commercial building, consult with building experts to audit your mass notification technologies and resources. Educate your in-house emergency response teams on the latest compliance standards, especially as it relates to building evacuation process and protocol.

Contact information is critical - When severe weather hits you may not have access to your online contact directories or cell phone service. Understand, in advance, how you can reach a building expert for rental services, such as emergency generators, chillers and packaged equipment.

Clean-up recommendations:

Potential Hazards	Best Practice
Flooded Basements	Avoid entering basements/mechanical rooms that contain water. Experts will use pumps and hoses to remove water prior to entering.
Down Power Lines	Do not try to remove power lines without assistance from theutility provider. Down lines may still be energized.
Fallen Trees or Debris	Wear the correct personal protective equipment (PPE) and establish a safe zone before cutting or removing debris from trees, siding, chimney bricks, etc.
Water-Covered Roadways	Avoid driving on roads that are water covered. Unseen damage to the understructure of the roads/bridges may exist.
Sink Holes	Stop and move away from the surrounding area. The perimeter of the sink hole is very unstable and may collapse further.

Follow us at @JCI_BEnews

Visit www.johnsoncontrols.com/benews

About Johnson Controls

Johnson Controls is a global diversified technology and industrial leader serving customers in more than 150 countries. Our 170,000 employees create quality products, services and solutions to optimize energy and operational efficiencies of buildings; leadacid automotive batteries and advanced batteries for hybrid and electric vehicles; and seating components and systems for automobiles. Our commitment to sustainability dates back to our roots in 1885, with the invention of the first electric room thermostat. Through our growth strategies and by increasing market share we are committed to delivering value to shareholders and making our customers successful. In 2015, Corporate Responsibility Magazine recognized Johnson Controls as the #14 company in its annual “100 Best Corporate Citizens” list. For additional information, please visit http://www.johnsoncontrols.com or follow us@johnsoncontrols on Twitter.

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Brazil falls deep into recession - Aug. 28, 2015

Brazil is going bust.



Its currency is plummeting, unemployment is rising, its stock market is down 20% from a year ago and its president, Dilma Rousseff, has an 8% approval rating -- the lowest since 1992 when Brazil's president was impeached.



Brazil falls deep into recession - Aug. 28, 2015

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Transparency Can Keep Your Company Burn Rate Controlled

No business is immune to failure.

Even those with plenty of investors can find themselves out of cash at some point. But businesses with high burn rates are certainly more likely to experience such a predicament.

Transparency Can Keep Your Company Burn Rate Controlled

4 Content Writing Mistakes Small Businesses Make

If you’re looking for a study that nicely sums up why business writing is distant, pretentious and ruthlessly disengaging, look no further than 5 Monkeys and a Ladder. This famous urban legend, based on two real sociological experiments, explains the close-minded and anti-growth attitudes that result in the inflated, artless tone content and copywriters so easily slip into.



4 Content Writing Mistakes Small Businesses Make

Facebook hits one billion users in a single day - Aug. 27, 2015

Facebook hit an unprecedented benchmark: One billion users in a single day.



That happened for the first time on Monday, and co-founder and CEO Mark Zuckerberg announced the milestone on Thursday. He noted in a Facebook (FB, Tech30) post that a billion users is equal to about 1 in 7 people on Earth.



Facebook hits one billion users in a single day - Aug. 27, 2015

How to Make a Closed Door Policy When You Have No Door

One of the trickiest decisions for any manager is about when to have an open-door policy. That decision doesn’t get any easier when you don’t have a door!

The trend these days is for open-layout offices and work spaces, which often means managers don’t have a door to have a policy about — but they should. They should have a closed-door policy.

How to Make a Closed Door Policy When You Have No Door

Lilly to Participate in Morgan Stanley Global Healthcare Conference (NYSE:LLY)

Lilly to Participate in Morgan Stanley Global Healthcare Conference (NYSE:LLY)

Don't Just Enter a New Market -- Create One

There’s a popular story about the founding of Netflix. In it, the company’s co-founder, Reed Hastings, came up with the idea after accruing a $40 late fee from Blockbuster for the movie Apollo 13.

But according to recent reports, that story might not be entirely accurate. The company’s co-founders Hastings and Marc Randolph simply wanted to come up with a company that didn’t fit into any existing category. So, they decided to start an ecommerce company for DVDs.

Don't Just Enter a New Market -- Create One

Can the Intel Thunderbolt 3 Give Your PC Superpowers?

As we move to smaller computing devices with hosted applications, the hardware that takes up space is being removed for better overall functionality. This includes powerful graphics cards, which are essential for playing games and watching rich 4K media.

Intel has a solution that will solve this particular problem.

Can the Intel Thunderbolt 3 Give Your PC Superpowers?

Back-to-school boost: Duke Energy awards $3 million in education grants - Duke Energy

RALEIGH, N.C. -

Students and teachers are getting a back-to-school boost through grants totaling $3 million to more than 50 schools and educational organizations in North Carolina.

The grants, from the Duke Energy Foundation, will enhance programs and initiatives focused on childhood reading proficiency, along with science, technology, engineering and math (STEM).

Back-to-school boost: Duke Energy awards $3 million in education grants - Duke Energy

U.S. FDA approves Synjardy® (empagliflozin/metformin hydrochloride) tablets for adults with type 2 diabetes (NYSE:LLY)

SYNJARDY approval was based on multiple clinical trials showing reductions in blood glucose versus placebo

U.S. FDA approves Synjardy® (empagliflozin/metformin hydrochloride) tablets for adults with type 2 diabetes (NYSE:LLY)

McDonald's supplier fired for alleged animal abuse - Aug. 27, 2015

Tyson Foods ended a contract with a chicken supplier after an animal rights group released footage showing workers beating birds with spiked sticks and deformed chickens crammed into overcrowded conditions.



Tyson Foods (TSN) used the chicken from the plant to supply McDonald's (MCD) with its chicken nuggets. The investigation and video prompted both companies to respond.



McDonald's supplier fired for alleged animal abuse - Aug. 27, 2015

Uber and the Great Taxicab Collapse

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Is There a Skyscraper Curse? | Mark Thornton

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Good news: U.S. economy grew faster than expected - Aug. 27, 2015

Finally, some good news this week. the U.S. economy was in even better shape than we thought between April and June.



The U.S. economy grew 3.7% in the second quarter, a very big upward revision than the first official estimate, 2.3%, according to the Commerce Department's measure of gross domestic product, the broadest measure of economic activity. Economists projected the new number to be 3.2%.



Good news: U.S. economy grew faster than expected - Aug. 27, 2015

Authority Marketing: How To Measure Up In Front of Customers

You’re a liar. At least, that’s what you’re afraid people will find out about you.

The smaller your business, the more likely you are to have had this thought at one point: My product/service is just the latest form of snake oil and everyone is about to find out.

Authority Marketing: How To Measure Up In Front of Customers

Johnson Controls marks Hurricane Katrina's 10 year anniversary with continued $1 million commitment to Tulane University's public service efforts - Aug 27, 2015

Johnson Controls donation funds Tulane City Center, a university-led architectural program to improve New Orleans



Johnson Controls marks Hurricane Katrina's 10 year anniversary with continued $1 million commitment to Tulane University's public service efforts - Aug 27, 2015

From GE:

GE COMPLETES SALE OF U.S. SPONSOR FINANCE BUSINESS TO CANADA PENSION PLAN INVESTMENT BOARD

August 21, 2015

  inShare0 

 

FAIRFIELD, Conn. – August 21, 2015 – GE [NYSE:GE] announced today that it has completed the previously announced sale of its U.S. Sponsor Finance business and a bank loan portfolio, representing aggregate ending net investment (ENI) of approximately $10 billion, to Canada Pension Plan Investment Board (CPPIB) in a transaction valued at more than $11 billion.

“We are excited to complete the sale of Sponsor Finance to CPPIB,” said Keith Sherin,
GE Capital chairman and CEO. “As one of the first major closings in this process, it is an important milestone as we continue to execute on our plan to sell most of the assets of GE Capital,” added Sherin.

As previously announced, GE is embarking on a strategy to focus on its high-value industrial businesses and is selling most GE Capital assets. GE and its Board of Directors have determined that current market conditions are favorable to pursue disposition of these assets. GE will retain the financing “verticals” that relate to GE’s industrial businesses.  

The Sponsor Finance transaction closes at a valuation consistent with signing and, as expected, releases approximately $2.5 billion of capital. GE Capital believes it is on track to deliver about $35 billion of dividends to GE under this plan, as previously announced (subject to regulatory approval). Changes in the transaction size were driven by normal portfolio seasonality and pay-off in the bank loan portfolio during the sign to close period.

Mr. Sherin concluded, “We wish our Sponsor Finance team a successful future as they join CPPIB and grow the business under the new owner.”

About GE 
GE (NYSE:GE) imagines things others don’t, builds things others can’t and delivers outcomes that make the world work better. GE brings together the physical and digital worlds in ways no other company can. In its labs and factories and on the ground with customers, GE is inventing the next industrial era to move, power, build and cure the world. www.ge.com.

GE’s Investor Relations website at www.ge.com/investor and our corporate blog at www.gereports.com, as well as GE’s Facebook page and Twitter accounts, including @GE_Reports, contain a significant amount of information about GE, including financial and other information for investors. GE encourages investors to visit these websites from time to time, as information is updated and new information is posted.

###

Caution Concerning Forward-Looking Statements:
This document contains "forward-looking statements" – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," "will," "would," or "target." Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about our announced plan to reduce the size of our financial services businesses, including expected cash and non-cash charges associated with this plan; expected income; earnings per share; revenues; organic growth; margins; cost structure; restructuring charges; cash flows; return on capital; capital expenditures, capital allocation or capital structure; dividends; and the split between Industrial and GE Capital earnings. For us, particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include: obtaining (or the timing of obtaining) any required regulatory reviews or approvals or any other consents or approvals associated with our announced plan to reduce the size of our financial services businesses; our ability to complete incremental asset sales as part of that plan in a timely manner (or at all) and at the prices we have assumed; changes in law, economic and financial conditions, including interest and exchange rate volatility, commodity and equity prices and the value of financial assets, including the impact of these conditions on our ability to sell or the value of incremental assets to be sold as part of our announced plan to reduce the size of our financial services businesses as well as other aspects of that plan; the impact of conditions in the financial and credit markets on the availability and cost of GECC's funding, and GECC's exposure to counterparties; the impact of conditions in the housing market and unemployment rates on the level of commercial and consumer credit defaults; pending and future mortgage loan repurchase claims and other litigation claims in connection with WMC, which may affect our estimates of liability, including possible loss estimates; our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so; the adequacy of our cash flows and earnings and other conditions which may affect our ability to pay our quarterly dividend at the planned level or to repurchase shares at planned levels; GECC's ability to pay dividends to GE at the planned level, which may be affected by GECC's cash flows and earnings, financial services regulation and oversight, and other factors; our ability to convert pre-order commitments/wins into orders; the price we realize on orders since commitments/wins are stated at list prices; customer actions or developments such as early aircraft retirements or reduced energy demand and other factors that may affect the level of demand and financial performance of the major industries and customers we serve; the effectiveness of our risk management framework; the impact of regulation and regulatory, investigative and legal proceedings and legal compliance risks, including the impact of financial services regulation and litigation; adverse market conditions, timing of and ability to obtain required bank regulatory approvals, or other factors relating to us or Synchrony Financial that could prevent us from completing the Synchrony Financial split-off as planned; our capital allocation plans, as such plans may change including with respect to the timing and size of share repurchases, acquisitions, joint ventures, dispositions and other strategic actions; our success in completing, including obtaining regulatory approvals for, announced transactions, such as the proposed transactions and alliances with Alstom, Appliances and our announced plan to reduce the size of our financial services businesses, and our ability to realize anticipated earnings and savings; our success in integrating acquired businesses and operating joint ventures; the impact of potential information technology or data security breaches; and the other factors that are described in "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2014. These or other uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

This document includes certain forward-looking projected financial information that is based on current estimates and forecasts. Actual results could differ materially.

From GE:

GE Capital Aviation Services Delivers Leased Boeing 767-300ER to Icelandair

August 21, 2015

  inShare16 

 

SHANNON, Ireland – August 20, 2015 – GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, today announced delivery of a leased Boeing 767-300ER aircraft to Icelandair.

Icelandair currently operates a fleet of 24 passenger aircraft from its Iceland hub to connect 26 cities in Europe with 14 cities in North America.

About GE Capital Aviation Services (GECAS)

GE Capital Aviation Services (GECAS) is a world leader in aviation leasing and financing.  With over 45 years of experience, GECAS offers a wide range of aircraft types including narrow-bodies, wide-bodies, regional jets, turboprops, freighters and helicopters, plus multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, airframe parts management and airport/airline consulting.  GECAS owns or services a fleet of over 2,150 aircraft (~1,840 fixed wing/ ~310 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~400 aircraft. GECAS serves over 270 customers in over 75 countries from a network of 24 offices. www.gecas.com

GE (NYSE: GE) imagines things others don’t, builds things others can’t and delivers outcomes that make the world work better. GE brings together the physical and digital worlds in ways no other company can. In its labs and factories and on the ground with customers, GE is inventing the next industrial era to move, power, build and cure the world. (www.ge.com)