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GE sees long recovery ahead after progress on costs, cash

General Electric Co. predicted slow gains in operations this year and next after the coronavirus pandemic battered results in the second quarter. The jet-engine division has tracked “early signs of improvement” in flight departures on the path to a lengthy recovery, GE said in a presentation as it reported results. The company burned through $2.1 billion in […]

CFS 2019: Reducing the cost of engine ownership

SAN DIEGO – As more next-generation narrowbody aircraft become suitable for conversion into freighter configuration, lessors and operators are increasingly hoping to lower the costs associated with owning engines that power these airframes. During Cargo Facts Symposium’s first ever panel dedicated to engine issues with regard to narrowbody conversions, Aileen Barton, marketing manager of GE […]

Vallair expanding engine portfolio to support narrowbody freighter conversions

Luxembourg-based Vallair, which signed on as the launch customer for A321 passenger-to-freighter conversion programs with both EFW and 321 Precision Conversions, is set to begin placing freighter-converted A321s with Qantas Freight and other carriers next year. Although sourcing suitable engines for 737 NG and A320-family narrowbody aircraft remains a challenge, the leasing and trading company […]

Cathay Pacific signs 747-400ERF engine maintenance deal

In a sign that the Hong Kong-based carrier intends to continue operating its fleet of six 747-400ERF for at least a few more years, Cathay Pacific and Mitsubishi Heavy Industries Aero Engines, Ltd. (MHIAEL) signed a five-year contract under which MHIAEL will provide engine MRO services for Cathay’s 747-400ERFs. The engines covered under the exclusive […]
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