GE Aviation sees orders down 50 pct this year
Published: 08 Jun 2009 23:14:28 PSTKUALA LUMPUR, June 9 - GE Aviation, a unit of General Electric Co <GE.N> and the world's largest maker of jet engines, expects orders this year to fall 50 percent, a senior official said on Tuesday.
Jack Lutze, vice-president of sales for Europe and Africa, told Reuters that deferrals and only a few cancellations were likely next year.
"Everybody is looking to push back to 2010," Lutze told Reuters on the sidelines of an aviation conference in Kuala Lumpur.
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