GRIFFIN GLOBAL ASSET MANAGEMENT and BAIN CAPITAL SPECIAL SITUATIONS agreed to acquire pool of 17 Trent engines, to be owned by newly formed standalone entity, for use as spares for Rolls-Royce global customer base.
GE AEROSPACE earned $1.7b on $8.4b revenues in 3Q23 vs $1.3b on $6.7b in 3Q22, delivering double-digit growth in orders; spin-off of company is planned in 2Q24. It delivered 520 commercial engines (389 LEAPs) vs 489 (347) a year ago.