Asia-Pacific Aerospace Briefs Today
October 23rd 2024
Today's briefs report news from GE Aerospace, IndiGo and Lion Group. Read More »
GE Aerospace has booked a net profit of US$1.9 billion for the three months to September 30, more than five times the net profit of US$333 million it recorded in the same months in 2023. Revenue rose 5.8%, to US$9.8 billion, GE Aerospace said in a regulatory filing. “The GE Aerospace team delivered strong results, with demand driving orders up 28%," GE Aerospace chair and CEO, Lawrence Culp Jr, said.
India-based IndiGo said its corporate venture capital fund, IndiGo Ventures, has been approved by Alternative Investment Fund of the Securities and Exchange Board of India and is expected to open for investment business by the close of the company's fiscal 2025 year.
Indonesia-headquartered Lion Group has signed a Memorandum of Understanding with LeMondial Business School to cooperate in the development of professional human resources in aviation, tourism and other strategic sectors.
