Boeing taps GE exec to lead commercial airplanes unit
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
BOEING Co on Monday named a senior General Electric Co (GE) executive to head its commercial airplanes division and announced a new services unit, in moves to capture more of the profitable market for parts and repairs after a jet is sold.
The changes are "a big and important step" towards Boeing's goal of increasing annual services revenue to about US$50 billion in 10 years from about US$15 billion currently, Boeing chief executive Dennis Muilenburg said on a call with journalists. "We've always said growing services is a core part of our strategy, and now you see us emphasising and investing accordingly," Mr Muilenburg said.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
