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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....
...Ge said she and her friends were close to the stage when a rapper performed, and noted that stage lights were “quite strong”....
...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....
...Blackstone took control of the trust in 2013 and two years later dramatically expanded it with the purchase of a $4.6bn portfolio of commercial mortgage loans from GE Capital....
...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....
...Regional aviation group Surf Air Mobility went public through a direct listing on Thursday at less than half the valuation it received in a private transaction last month, in a deal that highlighted the...
...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....
...In short, Apollo does the kinds of things that GE Capital did once upon a time (before its demise) but without taking the existential risk of borrowing short and lending long....
...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....
...Gates’s biggest UK investments, for example, have been in retailer Carpetright, jet servicing group Signature Aviation and Bunzl, a distributor of disposable cutlery....
...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....
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