As the country’s only producer of gas tubine engines, South Korea’s Hanwha Aerospace has become an integral part of Seoul’s ambitions in the sector, with involvement in several key propulsion programmes.
GE Aviation intends to reduce its US workforce by 10% and to furlough 50% of maintenance, repair and overhaul workers for 90 days in response to collapse of air travel demand caused by the coronavirus.
US regulators have extended a directive to replace the gearbox and control software of Pratt & Whitney PW1100G engines, to encompass powerplants not used for extended twin-engined operations (ETOPS) flights.
GE Aviation will implement a hiring freeze and reduce 2020 spending in response to a new 737 Max agreement with Boeing, while contending with an expected $200-$300 million first-quarter hit from the coronavirus outbreak.
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