Engines
Crying Foul Over Ex-Im, GE Plans European Engine Center
GE Aviation plans to invest $400 million to develop a new turboprop operation in a European country where it could access export financing.

GE continues to step up its pressures on the U.S. government to renew the U.S. Export-Import Bank’s (Ex-Im) charter, announcing today that it will invest $400 million in a turboprop engine development, test and production operation in Europe. The company, noting the new facility is expected to support between 500 and 1,000 jobs, said the move is driven by a “need to support these and other international customers with financing through government-sponsored export credit agencies.”


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