General Electric is looking for new business from Airbus, as the engine maker’s other big customer, Boeing, retrenches.
By Benjamin Katz Updated Feb. 19, 2020 7:11 am ET General Electric Co. GE -0.62% is looking for new business from Airbus EADSY -0.24% SE, as the engine maker’s other big customer, Boeing Co., BA -0.47% retrenches.
Late last year, Boeing temporarily halted production of the jet as it awaits Federal Aviation Administration signoff to fly it again. The stoppage has hit suppliers, many of whom have laid off staff or issued profit warnings. GE is now trying to position itself as an engine supplier for the European plane maker’s bigger jets as well. Currently, GE’s GEnx engine competes with Rolls-Royce Holdings RYCEY 0.28% PLC’s Trent 1000 for the 787 Dreamliner. Boeing has outlined plans to decrease output of that jet from 14 a month, to 10 a month, amid generally weaker demand for big jets.
London-based Rolls-Royce is currently the only engine option on the Airbus jet. A Rolls-Royce spokeswoman said the company is “very happy with the performance” of its engine for the aircraft.
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