Airliners Are Back in Business: General Electric
General Electric stocks are trading 75% off their peak in early 2000s, moving sideways since 2019, and trying to hold its process above $40 per share. This may change for the better soon considering the company’s efforts in the aviation industry. Boeing and Airbus have announced a contract with Air India for 540 aircrafts in the middle of February. Boeing may gain $20 billion on this contract, while Airbus may have even bigger profits of $38 billion. But behind this contract is General Electric as a major sub-contractor. Aircraft firms are very limited in term of engines they can use in aircraft construction. Only GE (GEnx-1B) or Trent 1000 Rolls Royce engines can be installed on Boeing 787. Airbus A320neo requires CFM LEAP 1A engines from GE and Safran or PW1100G from Pratt & Whitney. The sub-contractor is usually not announced just after the signing of the contract, but this time GE reported it will deliver 800 CFM LEAP engines, 20 GE9X and 40 GEnx-1B engines sub-contracting to service these engines for Air India. The tremendous effort will certainly have a positive effect on company stock prices in the long run.
Disclaimer:
The comments, insights, and reviews posted in this section are solely the opinions and perspectives of authors and do not represent the views or endorsements of RHC Investments or its administrators, except if explicitly indicated. RHC Investments provides a platform for users to share their thoughts on financial market news, investing strategies, and related topics. However, we do not guarantee the accuracy, completeness, or reliability of any user-generated content.
Investment Risks and Advice:
Please be aware that all investment decisions involve risks, and the information shared on metadoro.com should not be considered as financial advice. Always conduct thorough research, seek professional advice, and exercise caution when making investment decisions.
Moderation and Monitoring:
While we strive to maintain a respectful and informative environment, we cannot endorse or verify the accuracy of all user-generated content. We reserve the right to moderate, edit, or remove any comments or posts that violate our community guidelines, infringe on intellectual property rights, or contain harmful content.
Content Ownership:
By submitting content to metadoro.com, users grant RHC Investments a non-exclusive, royalty-free license to use, display, and distribute the content. Users are responsible for ensuring they have the necessary rights to share the content they post.
Community Guidelines:
To maintain a positive and respectful community, users are expected to adhere to the community guidelines of Metadoro. Any content that is misleading, offensive, or violates applicable laws and regulations will be subject to moderation or removal.
Changes to Disclaimer:
We reserve the right to update, modify, or amend this disclaimer at any time. Users are encouraged to review this disclaimer periodically to stay informed about any changes.
