GE is looking to build on its 2021 performance, which was marked by significant strategic, operational and financial transformation.
In his recent annual letter to shareholders, GE’s Chairman and CEO, H. Lawrene Culp, Jr, revealed that the company is building on strong momentum to deliver between US$5.5 to US$ 6.5 billion free cashflow this year.
“The past two years have dramatically transformed the aviation sector, and we are now at an exciting point with reimagining the future of flight. As air travel picks up again, we are seeing a rising demand for aircraft maintenance, repair, and overhaul (MRO) services, and we are expanding our resources and capabilities to meet this need,” said Hadley Bowling, Asia Pacific Sales, GE Aviation.
“We are proud to be partnering with major players across the Asian aviation industry, including Singapore Airlines, All Nippon Airways, and ST Aerospace to bring safer, smarter, and more sustainable flight experiences to our skies. We are also building on this momentum to strengthen our footprint of innovation and sustainability across the aviation sector, to drive new value for our customers everywhere.”
In February, GE Aviation unveiled a suite of strategic deals and partnerships inked at the Singapore Airshow 2022. These collaborations form a critical part of the company’s strategy to shape the Future of Flight in Asia and beyond.
Singapore Airlines (SIA) also announced an additional order at the airshow for 22 GE9X engines to power its fleet of Boeing 777-9 aircrafts. The order, valued at US$2.8 billion, included a 12-year GE TrueChoice services contract.
GE is also innovating for the next generation of aircraft engines. With CFM International, its 50-50 joint company with Safran Aircraft Engines, GE Aviation launched theRevolutionary Innovation for Sustainable Engines (RISE) program last year, which could ultimately lead to engines that would use 20% less fuel and produce more than 20% fewer CO2 emissions than the most efficient jet engines built today.
GE Aviation has also signed a multi-year contract with ST Engineering to implement Test Cell Advisor in ST Engineering’s CFM56 overhaul shops in Singapore and Xiamen, China. The Test Cell Advisor is a new GE Aviation data analytics service, which provides added insights for engine performance analysis during testing. It also gives maintenance, repair, and operations (MRO) shops servicing GE and CFM International engines timely engine performance analysis during return-to-service testing.
Click Here to read the latest issue of Asian Airlines & Aerospace
SATS Ltd, a Singapore-based provider of air cargo handling services and food solutions, has entered into a Memorandum of Understanding…
The Royal Thai Air Force (RTAF) has chosen the Swedish-manufactured SAAB JAS 39E/F Gripen over the American Lockheed Martin F-16…
Batik Air Malaysia has unveiled two new routes from Kuala Lumpur to Thailand, with Hat Yai and Krabi being the…
Boeing and Emirates SkyCargo have announced an order for five additional 777 freighters. The purchase takes Emirates' order book to 245…
Boeing aircraft will be conspicuous by their near-total absence from the show, but the American OEM is expected to walk…
Eve Air Mobility will provide an update on key program milestones, including its first full-scale prototype, at the Farnborough Air…
Boeing, which is not bringing any of its commercial jets to this year's Farnborough Airshow, will instead focus on highlighting…
Gulfstream Aerospace has appointed Smitha Hariharan as vice president and chief sustainability officer, effective immediately. In the newly created role,…
Rafael Advanced Defense Systems has been upgraded to an 'A' credit rating by S&P Global Ratings, with a stable outlook.…
Qantas will likely use a North Pole route to achieve its Project Sunrise Sydney to London nonstop with the A350-1000…
Fincantieri marked an important milestone with the launch of the seventh PPA (Multipurpose Combat Ship), named "Domenico Millelire," at the…
Sierra Space Corporation, in collaboration with Japan Airlines Co., Ltd., Kanematsu Corporation, and Oita Prefecture, has announced the inclusion of…
The Malaysian Army has recently announced a tender inviting local companies to supply and deliver 800 M72 Light Anti-tank Weapon…
China has proposed supplying the Type 052D destroyer to the Indonesian Navy (TNI AL) as part of a broader effort…
Following the recent signing of the Reciprocal Access Agreement (RAA) between the Philippines and Japan, reports suggest that the Philippines…
The U.S. military has awarded SRC, Inc. a contract worth USD 25 million to develop the Long-Range Radar, a large…
Australia’s largest international air combat training exercise, Exercise Pitch Black, is set to take place from 12 July to 2…
The Spanish space launcher company, PLD Space, has secured a EUR31.2 million syndicated loan with Banco Santander, EBN Banco, and…
Malaysia Airlines’ inaugural A330neo has been unveiled in Toulouse, proudly displaying the airline’s distinctive Malaysia flag livery. This milestone marks…
IFS, a Sweden-based provider of cloud and industrial AI software, has announced the acquisition of EmpowerMX - an AI-powered aviation…
The Indonesian Navy (TNI AL) launched two new Dorang-class patrol vessels in Serang, Banten province, on Friday (Jul. 12). Constructed…
Vietjet, in partnership with the Ministry of Public Works and Transport of Laos, has announced a new agreement aimed at…
China Southern Airlines (CSN) and Malaysia Airlines (MAS) have expanded their codeshare flights to encompass three new routes: Guangzhou-Penang, Kuala…
Saudi Arabia has ordered four additional Airbus A330 Multi Role Tanker Transport (MRTT) aircraft for the Royal Saudi Arabia Air…
Embraer's brand-new E-Freighter, the E190F, will make its first public appearance at the Farnborough International Airshow that will take place…
WestJet Cargo has announced the launch of its new Campus'Air service, aimed at providing affordable shipping solutions for students and…
SITA has reported a record revenue of nearly US$ 1.5 billion for 2023, marking a 7% increase from the previous…
ASELSAN achieved a significant milestone in its space research and satellite payload development with the successful launch of the TURKSAT-6A…
Japan and the Philippines have formalised a defence pact through the Reciprocal Access Agreement (RAA), aimed at facilitating joint exercises…
Indonesia is set to deploy missiles around strategic choke points along its sea lanes, as announced by the Acting Secretary…
Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.
Copyright 2024. GBP. All Rights Reserved.
Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us
2024 GBP all rights reserved.