Airlines
New GE Aerospace Unit Laser-focused on Airline Recovery
GE Aerospace's new CEO said it could take another 18 months for the air transport sector to get back to pre-Covid levels of performance.
GE’s engine business remains a key part of the new Aerospace unit’s product portfolio. (Photo: GE)
GE’s engine business remains a key part of the new Aerospace unit’s product portfolio. (Photo: GE)

The spin-offs of GE’s energy and health care businesses will boost the group’s balance sheet, mainly by relieving debt pressure, but in a Farnborough Airshow press briefing on Monday company leaders also maintained it will give its aviation unit a sharper focus on what matters to customers. Earlier in the day, the U.S. corporate giant announced that it will rebrand GE Aviation as GE Aerospace, as the new GE HealthCare unit prepares for a Nasdaq listing in early 2023, followed by the rebranded GE Vernova energy business in 2024.