Company Of The Day: General Electric

What?  

Vietnam’s Bamboo Airways is expected to sign a $2 billion deal with General Electric (NYSE: GE) to purchase GEnx engines to power its Boeing 787-9 Dreamliner aircraft. The engines are likely to be delivered in 2022.

So What?

Although the deal is small in context with GE’s overall aviation business, which posted almost $33 billion in revenue in 2019, it serves as a proof point that the aviation market is picking up following the Covid-19 crisis.

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