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...Tuesday’s break-up completes a plan launched in 2021 to separate the industrial titan’s energy, aviation and healthcare units. GE’s influence and its valuation have declined for more than a decade....
...Tuesday’s break-up completes a plan launched in 2021 to separate the industrial titan’s energy, aviation and healthcare units....
...GE underscored its confidence in the sector by raising its sales and profits outlook for the year. Of the three businesses, aviation is by far the most profitable....
...Calhoun, a former GE executive, stabilised the company and repaired relations with regulators after the 737 Max 8 crashes....
...Tom MacAleavey MacAleavey Aviation Consulting Dublin, Ireland...
...Melrose Industries has raised its annual profit forecast even after doubling earnings last year as the FTSE 100 aerospace group rides the global rebound in aviation....
...Calhoun is the third ex-GE executive to lead Boeing — following Harry Stonecipher and Jim McNerney — which largely explains the company’s intense focus on financial metrics, especially Rona (return on net...
...Aviation authorities globally, including the UK Civil Aviation Authority and the United States’ Federal Aviation Administration, issued alerts earlier this year over safety issues related to AOG’s parts....
...Other earnings: Caterpillar, Amgen and GE Healthcare report results before the market opens. Chesapeake Energy, Match Group and AMD report after Wall Street’s closing bell....
...Boeing laid off thousands of workers during Covid, including final assembly workers, said Scott Hamilton of aviation consultancy Leeham News....
...Calhoun’s plans to ramp up production of its best-selling 737 Max aircraft were meanwhile foiled this week by the Federal Aviation Administration, as the US regulator probes the company’s manufacturing and...
...Climate change presents a near-existential threat to commercial aviation....
...Here’s what else I’m keeping tabs on today: Results: Eli Lilly, the maker of weight loss drug Mounjaro, reports this morning alongside KKR, Spotify, GE Healthcare and Hertz....
...The former GE executive has overseen the Max’s return to service, which US aviation regulators approved in November 2020....
...Erginbilgic said he believed sustainable aviation fuel would be the mainstay for large jets to achieve net zero climate targets....
...The boom in travel and tourism pushed up volumes for Rolls-Royce’s civil aviation division....
...Thus far the group has raised two rounds of funding, for $22mn and $62mn respectively, from groups such as Tencent, GE Aviation, Toyota, Fortescue and JetBlue....
...Current GE Aviation chief executive John Slattery will become its chief commercial officer, GE announced on Monday....
...Deliveries of Leap engines made by CFM International, a joint venture between France’s Safran and the US’s GE Aviation, are still behind schedule, executives said last month....
...would lead the remaining aviation business, which will be called GE Aerospace....
...Aviation orders, which had been hard hit by pandemic disruptions to the travel industry, rebounded 31 per cent to $7.2bn, but renewable energy orders were down 21 per cent at $2.8bn....
...Airbus has backed itself to meet its target of delivering about 700 aircraft by the end of the year but warned it would be “anything but a walk in the park” as the aviation industry continues to battle supply...
...GE said it expected to return to revenue growth this year, driven by a jump in aviation revenue as air travel recovers. It forecast full-year adjusted earnings of between $2.80 to $3.50 a share....
...As a result, aviation division executives’ annual bonuses paid out at 113 per cent of their target, while renewable energy executives got no annual bonuses....
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