Paul Theofan, a veteran of more than 20 years at Unison Industries, has been named president and managing executive of General Electric subsidiary GE Aviation Czech. This past June, GE acquired assets of powerplant manufacturer Walter Engines in hopes of increasing its involvement in the small turboprop segment. The company’s Czech division employs about 400 workers in a new facility near Prague.
The Corporate Angel Network recognized four corporate aircraft operators here yesterday as 2008 Quarterly Corporate Angels for their exceptional contributions to making life a little easier for cancer patients. The four aircraft operators are Air Frantz, Meredith Corp., Bank of America and General Motors.
Brad Mottier, general manager of GE Aviation’s newly formed business and general aviation division (B&GA), outlined the genesis, philosophy and goals of the unit, saying its mission is to integrate recent acquisitions Smiths Aerospace and Walter Engines into the bizav mix of GE’s product lines.
Almost a year after first unveiling the deal, GE Aviation last month announced the completion of its acquisition of Prague, Czech Republic-based turboprop engine maker Walter Engines. The new GE division will operate as Walter Aircraft Engines.
If you had just bought a $23 million corporate jet, do you think the manufacturer would tell you if it knew the airplane had a potentially dangerous mechanical problem? When a dozen professional pilots were asked that question, each responded in the affirmative. “Of course–the OEMs are required by law to disclose that sort of thing,” one said. But the truth isn’t quite so simple.
GE Aviation and Safran signed a memorandum of agreement here yesterday to create a new 50-50 joint venture to develop, produce and support engine nacelles for future single-aisle commercial airliners. The as-yet unnamed joint-venture company will operate under the auspices of GE’s Middle River Aircraft Systems (MRAS) and Safran’s Aircelle subsidiary.
General Electric Aviation Systems (Hall 4 Stand B7) has long been a pioneer in the more-electric aircraft concept but now is finding that rising fuel prices are increasing the impetus for the technological shift.
Terrain awareness and warning system (TAWS) manufacturers being sued for patent infringement by Honeywell have started to fight back. On Monday, Universal Avionics Systems Corp. filed a counterclaim in the U.S. District Court in Delaware alleging that Honeywell is “attempting to monopolize” the TAWS market with its patent lawsuit filed last spring.
General Electric, the global giant with $126 billion in annual revenue, is at NBAA ’02 (Booth No. 633) with the expressed intent to expand its role in corporate and regional aviation.
In his two decades at the helm of General Electric, during which the market value of the company increased by more than $400 billion, Jack Welch did not often feel the sting of defeat.
Yet in the waning months of his storied career, defeat is exactly what the irascible chairman and CEO was handed when the European Commission in August staunchly rejected his company’s planned $45 billion takeover of Honeywell.