aviation

General Electric (GE) is again announcing changes to its corporate structure, with the company on July 18 saying its energy and other businesses will operate under new brand names. H. Lawrence Culp Jr., the company’s chairman and CEO, and CEO of GE Aerospace, on Monday said the strategy involves a planned separation into three groups, […]

Bracing for explosive growth in the electrification of mobility, UK-based engineering giant Rolls-Royce is developing various all-electric and hybrid-electric drive systems for aircraft. At one of its most

General Electric (GE) has announced plans to split into three separate companies, breaking up into publicly traded groups for its energy, healthcare, and aviation divisions. The company on Nov. 9 said the GE Power, GE Renewable Energy, and GE Digital groups will be combined into one business, with the company pursuing a tax-free spin-off of […]

General Electric (GE) on May 4 said it plans to cut as many as 13,000 jobs from its Aviation unit this year, or about 25% of the division’s total workforce, as the company continues to feel the impacts of the global coronavirus pandemic. The cuts include a 10% reduction to its U.S. workforce previously announced […]

General Electric (GE) on April 29 reported a steep drop in first-quarter revenue, with the industrial giant—like many companies—taking a major hit from the coronavirus pandemic. The company reported a year-over-year revenue decline of 8%, with posted revenue of $20.524 billion, and noted a $1 billion negative impact to cash flow during the quarter. The […]

The first operational rules finalized by the Federal Aviation Administration (FAA) for routine commercial use of drones could have major implications for utilities and power companies, which are increasingly using them for operations and maintenance. The new rules (Part 107 of the Federal Aviation Regulations) that apply to unmanned aircraft systems (UAS)—or drones—weighing less than […]