GE's Avio purchase gets European green light

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General Electric has received European Commission approval for its purchase of Italian parts maker Avio.

The US manufacturer has, says the Commission, made "commitments aimed at safeguarding the competitive position of the Eurojet consortium" which manufactures EJ200 engines for the Euofighter Typhoon combat aircraft. Spain's ITP, Germany's MTU and the UK's Rolls-Royce partner Avio within Eurojet.

GE agreed to buy Avio's aviation business for $4.3 billion in December 2012. The Italian manufacturer supplies components for GE's Boeing 777-powering GE90 engine and GEnx turbofans for the 747-8 and 787, plus the smaller CT7 and T700 turboshafts. It also makes parts for the CFM56, which powers 737 and Airbus A320 narrowbodies and is manufactured by GE-Snecma joint venture CFM International.

Additionally, Avio is a partner to Pratt & Whitney on the PW1500G geared turbofans for the Bombardier CSeries and A320neo; Safran, on the Sukhoi Superjet-powering SaM146; and Rolls-Royce, on the Trent 900 used on Airbus A380s.

Avio group revenues climbed 15% to €2.35 billion ($3.06 billion) last year.