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GE-Pratt Wins $1.5B Emirates Airline Engine Deal.
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The JB-9 uses "scaled-down airline engines", says the company, to enable the wearer to reach heights of 10,000ft, with a top speed of just over 100km per hour, with a flight time of around 10 minutes.
So archrivals Pratt & Whitney and Rolls-Royce together won over 70% of the airlines' engine orders for the 777.
GE was selling all those aero and power-generation engines long before Ecomagination was invented, and "fuel efficiency has always been the number one criterion for airline-engine economics," says Tom Brisken, general manager of the GEnx programme.
Walter Taylor, a Delta manager, says that the engineers have so much time left over that they boost their productivity by doing more "in-sourcing" (ie, fixing other airlines' engines).
The new funding will allow Mozio to integrate with several airline booking engines, and large online travel agencies, as well as expand into new geographies.
Airlines send engines there for periodic overhauls, and when Mr. Stokes arrived 400 workers were tearing down and rebuilding 15 engines a month.
He said that GE Capital can lease a jet for a below-market rate but make up the difference and then some on a so-called power-by-the-hour deal in which G.E. provides airlines with engines for a flat hourly fee while taking care of all the maintenance.
Peter Hyde It's 20 days since Qantas flight 32 from London to Sydney experienced what the airline called an "engine issue" shortly after take-off from Singapore.
But while geologists, meteorologists and the aviation authorities were taking the issue seriously, the airline industry and engine manufacturers showed little interest.
The top athlete, top chef, the airline pilot, the engine driver, the semi-conductor expert, the solo-violinist are all members of elites.
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