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GE Aerospace to Fly Solo Starting April 2

Mar 14,2024

General Electric¡¯s scheduled spinoff of its GE Vernova power generation business on April 2 also paves the way for GE Aerospace to become a fully independent company, completing industrial giant's transformation into three standalone and investment-grade organizations.
To effect the separation, GE¡¯s board of directors approved a distribution to GE shareholders of all shares of GE Vernova¡¯s common stock. Holders of GE common stock will receive one share of GE Vernova common stock for every four shares of GE common stock held on March 19, the record date for the distribution.

GE filed a Form 10 registration statement with the Securities and Exchange Commission on February 15 detailing the spinoff plan.

¡°Today¡¯s filing underscores GE Vernova¡¯s important progress toward its spinoff as an independent, global leader driving electrification and decarbonization,¡± said GE chief executive Larry Culp. ¡°Our financial position is strong to support forming GE Vernova and GE Aerospace as well-capitalized, investment-grade companies, and we¡¯re excited to launch them to the world in early April."
The commercial aero engine market in 2024 will be challenging but expects a transformational year with plenty of opportunities. While GE Aerospace is also invited to our 8th Commercial Aero Engine Forum to share their idea and opinions on new structure of aero engine business.

There are so much to be discussed and based on this background, the 8th Annual Commercial Aero Engine International Forum will be held in Taicang city of Jiangsu Province, China on April 18th-19th, 2024.

Focusing on cutting-edge technology topics including aero engine design and development, industrial policy and development trend, new energy aviation, new technology and new materials, advanced testing, metrology technology, simulation, parts processing technology, engine maintenance under the background of dual carbon.
Let¡¯s cooperate and work together to contribute to the innovative, efficient and sustainable development of the aviation engine industry while explore the huge potential market in China.

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