Dubai Aerospace Enterprise CEO Bob Johnson kicked off what promises to be a hectic week for the show’s sponsor yesterday morning by inking a global cooperation MoU with his GE Aviation counterpart, Scott Donnelly. There was news, too, of a major investment program planned for India and a strategic agreement with Dubai Airports.
David Wetherell, the chairman of Boston-based CMGI, and Kittridge Aviation are suing Bombardier and GE over what they allege are “undisclosed dangerous defects” in their new Challenger 604 following two separate in-flight engine failures (left and right engines) within a six-week period.
The FAA has granted type certification to two new variants of GE’s CT7-8 turboshaft. The newly certified A and E models, more powerful and more durable than earlier versions, are intended for the Sikorsky S-92, Agusta Westland EH-101/US-101 and NH Industries NH-90 helicopters. Improved versions of the UH-60 Black Hawk, for U.S. Army Special Operations forces, are also candidates for the new unit.
General Electric and Honeywell International formally terminated their merger agreement, four months after European regulators rejected the proposed $45 billion deal. The new agreement, which releases both companies from all merger-related legal actions, ends the threat of Honeywell suing GE for allegedly violating the merger agreement by not pushing regulators hard enough.
GE Aviation (Booth No. 558) has announced plans for a Business Jet Operations Center at its Cincinnati headquarters. The goal is to provide quick, single-contact support to operators of business jets powered by GE’s CF34 and CFM International’s CFM56 engines. The center, which will open next November, will be staffed around the clock with technicians capable of responding to parts availability, troubleshooting and field issues.
For General Electric, the 50/50 partnership with Honda to produce and market the HF120 turbofan is a return to GE’s roots in the small-turbine-engine marketplace. “This relationship with Honda is somewhat of a renaissance,” said Bill Dwyer, president of the GE Honda Aero Engines partnership. “If you look at the heritage of GE, our business started as a small-engine company.”
For many years, the one market segment that General Electric’s turbine engine-manufacturing business didn’t serve was aircraft that use smaller turboprop engines. But that is changing; GE announced yesterday that it is buying Czech engine manufacturer Walter Engines. Based in Prague, Walter has manufactured more than 37,000 aircraft engines since 1923.
GE Aviation has won a contract from Boeing to provide a range of components for the Bell Boeing V-22 Osprey military vertical takeoff and landing (VTOL) aircraft. The five-year deal covers 167 V-22s and is worth about $15 million, said GE, which will supply primary and secondary lighting controllers, forward cabin control station, hydraulic fluid level monitor and ramp door control panel.
Barely a month has passed since what formerly traded as Smiths Aerospace formally became General Electric Aviation Systems at the closing of the U.S. engine maker’s $4.8 billion acquisition of the business. But according to the new division’s president, Dr.
CIT Group has sold most of its corporate aircraft financial business to GE Commercial Finance. The transaction includes approximately $700 million in loans and $200 million in leases on 380 business jets, turbo props and helicopters.