GE, stung by Boeing pullback, pitches for new business with Airbus
General Electric is looking for new business from Airbus, as the engine maker’s other big customer, Boeing, retrenches. GE is in talks with Airbus to design and sell an engine variant for Airbus’ latest wide-body, the A330neo, according to people familiar with the matter. The discussions come in the wake of Boeing’s decision to cut back production of that plane’s rival 787 Dreamliner, according to these people. The interest at GE in pitching for Airbus business comes amid a major shift in the aviation industry’s global supply lines, largely due to the prolonged grounding of Boeing’s 737 MAX. GE is one of the biggest suppliers for both Boeing and Airbus. The MAX grounding has cut into the company’s cash flow. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-02-20/general/ge-stung-by-boeing-pullback-pitches-for-new-business-with-airbus
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GE, stung by Boeing pullback, pitches for new business with Airbus
General Electric is looking for new business from Airbus, as the engine maker’s other big customer, Boeing, retrenches. GE is in talks with Airbus to design and sell an engine variant for Airbus’ latest wide-body, the A330neo, according to people familiar with the matter. The discussions come in the wake of Boeing’s decision to cut back production of that plane’s rival 787 Dreamliner, according to these people. The interest at GE in pitching for Airbus business comes amid a major shift in the aviation industry’s global supply lines, largely due to the prolonged grounding of Boeing’s 737 MAX. GE is one of the biggest suppliers for both Boeing and Airbus. The MAX grounding has cut into the company’s cash flow. <br/>
