GE Aviation CEO says changes at GE no constraint for his business
FARNBOROUGH, England (Reuters) - The overhaul at U.S. industrial giant General Electric Co (GE.N) is not a constraint for its aviation arm, “in fact I feel it’s the very opposite,” the head of GE Aviation said on Monday.
Following a year-long strategic review, GE said last month it would spin off its healthcare business and divest its stake in oil-services firm Baker Hughes (BHGE.N), effectively breaking up the 126-year-old conglomerate.
“The changes in GE unlock if anything more capability out of GE Aviation. I don’t feel any constraints relative to what has happened in the past year - in fact I feel the very opposite,” David Joyce, CEO of GE Aviation and vice chairman of GE, told a news briefing at the Farnborough Airshow.
“We don’t feel we are under a lot more pressure than we were before.”
Reporting by Tim Hepher; Editing by Mark Potter