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...A factory in Cheltenham owned by GE Aviation of the US has also been targeted....
...GE completed its long-awaited plan to break into three, with shares in each of the entities closing lower as the once-mighty US conglomerate drew the curtain on more than a century of corporate history....
...The latter — now known as GE Aerospace, but still trading under the classic GE stock ticker — sank 2.4 per cent. GE Healthcare, which was spun off at the start of 2023, fell 1.6 per cent....
...Wells Fargo and Wilmington Savings Fund Society are named in the suit having allegedly provided administration services to FCI. They have been contacted for comment. How big a deal might all this be?...
...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....
...All the aircraft in China are registered and have C of As issued in China under the authority of the Civil Aviation Administration of China....
...The US regulator, the Federal Aviation Administration, warned last week of improperly installed wiring bundles on 737 Max planes....
...The company has restructured the business, reducing its number of sites, while also investing in new initiatives, including in its engines business which makes components for, among others, GE Aerospace...
...Now, he has promoted a putative successor who has no experience in the commercial aviation business and failed to change the trajectory of the floundering global services business unit (just as all her predecessors...
...The safety issues linked to AOG’s parts relate to the CFM56 engine, which is made by CFM International, the joint venture between France’s Safran and GE of the US....
...Ge said she and her friends were close to the stage when a rapper performed, and noted that stage lights were “quite strong”....
...in the commercial aviation industry....
...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....
...The former GE executive is preparing to announce full-year earnings on Wednesday after a 20 per cent fall in Boeing’s shares since the dramatic blowout of a section of the fuselage on an Alaska Airlines...
...With the next generation of planes, the stakes are much higher. Climate change presents a near-existential threat to commercial aviation....
...Congress: The head of the Federal Aviation Administration Mike Whitaker will face questions from lawmakers about the agency’s oversight of Boeing in the wake of a 737 MAX 9 mid-air emergency....
...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...
...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....
...Note that GE has just reported an almost 30 per cent increase in its aerospace revenues in the first half of the year. More planes flying means more cash coming in....
...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....
...General Electric chair and chief executive Larry Culp will become head of GE Aviation, one of three separate public companies that will come from the break-up of the industrial conglomerate....
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