US-EU Trade Deal Excludes Tariffs on Aviation Industry

Russia’s Attempt to Lease Ethiopian Aircraft Fails Amid Sanctions Breakdown of Lease Negotiations Russia’s initiative to lease aircraft from Ethiopian Airlines has collapsed, according to reports from Ethiopian media, as ongoing international sanctions continue to isolate Moscow’s aviation sector and disrupt global markets. In late July, a Russian delegation approached Ethiopia’s Civil Aviation Authority (ECAA) with a proposal to lease planes operated by the country’s flag carrier. However, ECAA officials declined the request, stating they lacked the authority to compel Ethiopian Airlines to enter such an agreement. Ethiopian Airlines Group CEO Mesfin Tasew confirmed that no substantive negotiations had taken place and no deal was reached. Tasew emphasized the airline’s adherence to international regulations and U.S. law, noting that Russia remains subject to U.S. sanctions. “Ethiopian Airlines has strong operational and commercial ties with the United States,” he said. “We are not willing to take the risk of violating those laws.” He further explained that Ethiopian Airlines is actively pursuing additional aircraft to meet growing demand for passenger and cargo services, making a lease to Russia increasingly unlikely. Broader Implications of Sanctions on Russian Aviation The collapse of the Ethiopian lease agreement underscores the mounting difficulties Russia faces as Western sanctions, imposed in response to its invasion of Ukraine, continue to restrict access to aircraft, parts, and international leasing markets. This failure not only deprives Russia of critical aircraft but also highlights the risk of lost revenue and further isolation for its commercial aviation sector. Market responses to the sanctions have been varied. While the Russian rouble has weakened, this has paradoxically bolstered the state budget by increasing energy export revenues. At the same time, international lessors such as Air Lease Corp. are reportedly seeking to fill the gap left by Russia’s diminished presence in the global leasing market, targeting airlines in regions formerly served by Russian carriers. Wider Economic and Supply Chain Effects The impact of sanctions extends beyond aviation. Disruptions in the supply of Russian fertilizers are raising concerns in Latin America, where agricultural sectors depend heavily on these imports. Additionally, ongoing restrictions on Russian oil exports continue to affect global energy markets, contributing to price volatility and uncertainty. As Russia’s avenues for replenishing its commercial fleet narrow, the broader consequences of sanctions are becoming increasingly evident. These measures are not only constraining the country’s aviation industry but are also reverberating through global trade and supply chains.

Experts Discuss the Impact of Advanced Autonomy and Progress Toward Artificial General Intelligence Agentic artificial intelligence (AI)—systems capable of autonomous decision-making and ownership of outcomes—is increasingly being adopted across various industries, with air transport emerging as a prominent testing ground. Unlike traditional AI, which primarily responds to inputs, agentic AI independently executes tasks, interacts with humans, and adapts to changing environments. This evolution is reshaping operational models and accelerating progress toward the development of Artificial General Intelligence (AGI). Leading organizations such as Cincinnati/Northern Kentucky International Airport (CVG), Lufthansa Industry Solutions, Aeroporti di Roma, Fraport, and DataArt have been at the forefront of implementing agentic AI solutions. These industry leaders recently shared their insights on the practical applications and future potential of agentic AI ahead of the FTE Global event—often described as the “CES of Aviation”—scheduled for September 2025 in Long Beach, California. Real-World Applications at CVG Airport CVG Airport, a Corporate Partner of the FTE Digital, Innovation & Startup Hub, is actively deploying agentic AI technologies to improve operational efficiency, enhance customer experience, and optimize asset utilization. Brian Cobb, Chief Innovation Officer at CVG, identifies three primary benefits of these systems. First, dynamic routing of stands, gates, and vehicles powered by AI reduces delays and streamlines traffic flow. Second, autonomous queue management and wayfinding agents help minimize wait times and provide personalized services, thereby increasing passenger satisfaction and ancillary revenue. Third, energy-optimization agents automatically adjust HVAC and charging systems based on occupancy forecasts, leading to significant reductions in power consumption. Cobb emphasizes that these “sense-decide-act” agents enable far more rapid decision-making than traditional dashboard analytics, marking a shift from passive monitoring to active, autonomous management. Among the notable pilot projects at CVG are CLEAR (Critical Limits Evaluation & Adaptive Routing), a co-developed system that integrates sensor data to manage ground vehicle traffic by prioritizing logistics and personal vehicles to prevent bottlenecks and ensure smooth cargo operations. Additionally, the Aurrigo Auto-DollyTug® employs onboard vision and scheduling agents to optimize baggage and cargo movement on the ramp, addressing labor shortages and allowing staff to focus on higher-value tasks. Within the terminal, Veovo’s Curb-to-Gate Flow Agents utilize predictive models to manage passenger flow, maximize queue efficiency, and support concession partners with timely sales opportunities. Challenges and Industry Response Despite the promising benefits of agentic AI, its widespread adoption faces several challenges. Regulatory frameworks, ethical considerations, and the need for significant investments in infrastructure and workforce development remain critical concerns. As AI systems gain greater autonomy, issues related to accountability, transparency, and safety are increasingly under scrutiny. The market has responded with growing investor interest in companies pioneering AI and robotics innovation. Industry players are accelerating research and development efforts, forging strategic partnerships, and exploring ways to leverage advanced autonomy to maintain competitive advantage. Recent technological breakthroughs, including Japan’s record-setting internet speeds and advancements in humanoid robotics, highlight the rapid pace of innovation and the intensifying global race to shape the future of AI-driven industries. As agentic AI continues to mature, its integration into complex environments such as airports offers a compelling preview of a future in which machines not only assist but actively manage and optimize critical operations, bringing the vision of Artificial General Intelligence closer to realization.

Willis Lease Finance Reports 29.4% Revenue Increase in Q2 2025 Willis Lease Finance Corporation (WLFC) announced a record-breaking second quarter in 2025, with total revenue rising 29.4% year-over-year to $195.5 million, up from $151.1 million in Q2 2024. The company attributed this significant growth to strong leasing demand, high asset utilization, and increased recurring revenues, highlighting the continued resilience of the aviation market. Revenue Growth Driven by Leasing and Maintenance Services Core lease rent and maintenance reserve revenues reached $123.0 million, marking a 4% increase from $118.8 million in the same quarter last year. This growth was primarily driven by airlines seeking cost-effective leasing and maintenance solutions to avoid expensive engine shop visits. Short-term maintenance revenues, generated from engines on lease with non-reimbursable usage fees, rose 9.5% to $50.2 million. This increase reflected both a higher volume of engines under short-term contracts and systematic rises in contractual usage rates. Sales of spare parts and equipment experienced a substantial surge, climbing to $30.4 million compared to $6.2 million in Q2 2024. This growth was supported by a $21.1 million sale of a single engine. Spare parts sales alone increased by 49.3%, driven by operators extending the service life of current-generation engine fleets and heightened demand for surplus materials. Gains from Equipment Sales and Strategic Divestitures The quarter also included a $27.6 million gain from the sale of leased equipment, which comprised 14 engines, two airframes, and additional components. This figure more than doubled the $14.4 million gain recorded in Q2 2024, which involved the sale of seven engines and eight airframes. Additionally, WLFC completed the sale of its UK aviation consultancy, Bridgend Asset Management Limited, to its WMES joint venture, resulting in a gain of approximately $43.0 million. As of June 30, 2025, the book value of WLFC’s lease assets—including equipment for operating leases, maintenance rights, notes receivable, and investments in sales-type leases—stood at $3.25 billion. Market Outlook and Competitive Challenges Despite these record results, Willis Lease Finance faces potential challenges in maintaining its revenue momentum amid intensifying competition and broader economic uncertainties. Competitors in the aviation and industrial leasing sectors are expected to respond to WLFC’s strong performance by pursuing similar market opportunities, which could increase competitive pressures. Nonetheless, market sentiment remains positive. Analysts have issued buy recommendations following WLFC’s record earnings and strategic expansion, emphasizing the company’s capacity to capitalize on growing demand for leasing and maintenance solutions within the aviation industry.

Air India to Internalize Fleet Maintenance, Partners with Singapore Airlines Following Ahmedabad Crash Air India is undertaking a significant shift in its aircraft maintenance strategy by bringing key services in-house and leveraging the technical expertise of its shareholder, Singapore Airlines (SIA). This strategic move marks a departure from the previous reliance on the state-owned AI Engineering Services Ltd. (AIESL) for maintenance operations. The decision follows the tragic crash of flight AI 171 in Ahmedabad in June, which resulted in the deaths of 241 of the 242 people on board. The incident triggered a comprehensive safety audit across the sector and led to the temporary suspension of certain services. Transition to In-House Maintenance The plan to internalize maintenance functions was already part of Air India’s broader transformation agenda prior to the Ahmedabad disaster. However, the airline had initially delayed implementation to focus on increasing flight frequencies and improving passenger experience. The crash has since accelerated these efforts, underscoring the urgent need to enhance safety and operational reliability. Concerns over the quality of services provided by AIESL, including recurring issues such as malfunctioning aircraft toilets, have contributed to Air India’s decision to assume greater control over maintenance. While the airline will maintain a collaborative relationship with AIESL, it intends to take direct responsibility for pre-flight and daily inspections, minor repairs, and troubleshooting activities. An Air India spokesperson highlighted the challenges posed by the airline’s expanding fleet, which now comprises 570 aircraft, including a substantial number of widebody jets. The spokesperson noted that India’s current Maintenance, Repair, and Overhaul (MRO) infrastructure is insufficient to support operations at this scale. To meet future demands and uphold world-class safety and reliability standards, Air India must invest in developing robust domestic MRO capabilities. Singapore Airlines’ Involvement and Market Implications Singapore Airlines, holding a 25.1% stake in Air India, is positioned to play a crucial role in this transition. An SIA representative confirmed the airline’s active involvement in supporting Air India’s transformation, providing technical expertise and guidance as needed. This partnership is expected to grant Air India access to advanced technical resources and international best practices, thereby strengthening its maintenance operations and aligning them with global safety standards. Nonetheless, the transition presents significant challenges, including managing operational changes, ensuring compliance with international aviation regulations, and mitigating reputational damage stemming from the Ahmedabad crash. The operational difficulties faced by Air India have also impacted Singapore Airlines’ financial results, contributing to a 59% decline in profit for the quarter ending June 30. The increased scrutiny following the crash has prompted competitors to reinforce their own safety and maintenance protocols, while industry observers closely monitor Air India’s response to regulatory and public concerns. Audit Outcomes and Industry Response A recent audit conducted by the Directorate General of Civil Aviation revealed that the Air India Group exhibited the highest number of safety-related issues among Indian carriers. Initiated prior to the Ahmedabad crash, the audit has intensified attention on the airline’s operational practices and safety measures. As Air India moves forward with its maintenance overhaul, it faces the dual challenge of restoring public confidence and ensuring that its expanded fleet adheres to the highest safety and reliability standards. The collaboration with Singapore Airlines is regarded as a vital component in rebuilding trust and positioning Air India for sustainable growth within a highly competitive aviation market.

MAAS Aviation Appoints New General Manager for MRO Division MAAS Aviation, a specialist in aircraft painting and exterior coatings, has announced the appointment of Patrick Fransen as General Manager of its Maintenance, Repair, and Overhaul (MRO) division. In his new role, Fransen will oversee the company’s European MRO aircraft painting operations, managing day-to-day activities at facilities located in Maastricht, Netherlands, and Kaunas, Lithuania. Leadership and Experience Fransen joins MAAS Aviation from the European Support Center, where he held a senior operational role. He brings extensive experience in operational excellence, team development, and customer satisfaction. Reflecting on his appointment, Fransen stated that the position offers a unique blend of strategic leadership and hands-on management, which he finds highly motivating. He also highlighted the appeal of leading a dynamic, international team within a growing organisation renowned for servicing major European airlines such as Ryanair and easyJet. Challenges in the MRO Sector Fransen assumes leadership amid a rapidly evolving MRO landscape marked by significant challenges. The sector requires substantial investment to upgrade MRO networks and address operational delays and irregularities. A shortage of skilled technical labor, particularly in regions like India, further complicates the operational environment. Additionally, the industry faces production challenges linked to the increasing adoption of higher-voltage technology as aircraft systems become more advanced. Competition within the MRO market is intensifying, with companies forming strategic joint ventures to expand capabilities and integrate advanced technologies. Notably, partnerships such as XEOS, a collaboration with Lufthansa Technik, exemplify this trend. The growing use of AI-enabled inspection techniques is also transforming operational standards, compelling firms to innovate continuously to maintain efficiency and quality. Strategic Outlook In this context, Fransen’s leadership will be pivotal as MAAS Aviation strives to uphold its reputation for quality and reliability while adapting to ongoing industry shifts. His emphasis on operational excellence and customer satisfaction is expected to play a central role in navigating these challenges and supporting the continued growth of the company’s MRO division.

3TOP Acquires Trent 700 Engine Portfolio, Expanding Wide-Body Market Presence 3TOP has completed the acquisition of two Rolls-Royce Trent 700 engines, serial numbers 41623 and 41624, marking a pivotal expansion into the wide-body engine sector. The Trent 700, widely recognized for its reliability and strong aftermarket performance on Airbus A330 aircraft, will be incorporated into 3TOP’s teardown and leasing inventory. This strategic addition enhances the company’s capacity to provide flexible and cost-effective solutions to its global clientele. Strategic Expansion into Wide-Body Engines This acquisition represents 3TOP’s inaugural entry into the Trent family of wide-body powerplants, extending its portfolio beyond its established focus on regional and narrow-body engines. Chief Executive Officer Chris Emechete highlighted the significance of the deal, noting that it aligns with the company’s broader strategy to invest in high-value assets with proven aftermarket credentials. The move is intended to diversify 3TOP’s offerings across multiple aircraft platforms, thereby strengthening its competitive position in the aerospace aftermarket. The newly acquired Trent 700 engines will serve dual functions: they will be dismantled for parts reclamation and integrated into 3TOP’s leasing pool. This dual approach aims to support airlines and maintenance providers worldwide by reducing operational downtime and enhancing maintenance efficiency. Market Challenges and Competitive Dynamics While the acquisition signals growth, it also presents operational challenges. Integrating Trent 700 technology and maintaining service capabilities across both new and existing engine types will require meticulous management. The transaction is expected to draw scrutiny from competitors and regulatory authorities, who will assess compliance with industry standards and fair competition practices. In response, rival firms may intensify efforts to improve their engine maintenance services or accelerate the development of new technologies to counterbalance 3TOP’s expanded capabilities. The broader aerospace market context adds further complexity. Recent reports indicate that RTX, a major aerospace sector player, has revised profit forecasts downward due to tariff-related costs. Such developments could influence competitive strategies and market dynamics, potentially affecting how companies like 3TOP and its competitors position themselves within the aftermarket engine sector. Despite these challenges, 3TOP’s acquisition underscores its ambition to grow and diversify its product offerings for key customers worldwide. By incorporating the Trent 700 engines into its inventory, the company is poised to reinforce its role as a reliable partner in engine support and leasing within the aerospace aftermarket.

NNIC to Establish SIA Engineering MRO Facility at NAIA New NAIA Infra Corp. (NNIC) has announced plans to introduce Singapore-based SIA Engineering Company Limited (SIAEC), a prominent aircraft maintenance, repair, and overhaul (MRO) provider, to operate at Ninoy Aquino International Airport (NAIA) starting this September. The new facility will be managed by SIA Engineering (Philippines) Corp. (SIAEP), the local subsidiary of SIAEC. Enhancing NAIA’s Aviation Capabilities The San Miguel Corp.-led airport operator highlighted that this partnership aims to enhance aircraft turnaround times at NAIA, strengthen technical support for airlines, and foster opportunities for skills training, knowledge transfer, and local employment in the field of aircraft maintenance. Ramon S. Ang, NNIC president and CEO, described the development as a significant boost for both NAIA and Philippine aviation. He expressed optimism about collaborating with SIAEP to improve support services for airlines operating at the airport. SIAEP, which is majority-owned by the Singapore Airlines Group, currently operates out of Clark International Airport and serves numerous leading global carriers. Its expansion into NAIA is expected to intensify competition within the Asia-Pacific MRO market, where established providers such as Metrojet Engineering Clark are already active. Industry analysts suggest that this move may encourage competitors to expand their facilities or enhance their service offerings to maintain market share. Challenges and Industry Impact NNIC acknowledged that the establishment of the new MRO facility will involve navigating regulatory approvals and securing a skilled workforce, both of which pose considerable challenges. Nevertheless, Ang emphasized that the presence of SIAEP, alongside interest from other major MRO companies, will provide airlines with more options, resulting in improved service quality and greater operational efficiency. Ang further noted that this initiative forms part of a broader effort to elevate NAIA’s standards, aiming to transform the airport into a more reliable gateway not only for travelers but also for the aviation industry at large. Market responses to the announcement indicate that increased competition in the MRO sector could benefit airlines operating in the region by potentially enhancing service quality and operational efficiency at NAIA.

Shortlists Announced for 2025 FTE Global Pioneer Awards in Aviation The shortlist for the 2025 FTE Global Pioneer Awards has been revealed, featuring 24 airlines and airport operators from across the globe. These nominees have been recognized for their dedication to innovation, enhancing passenger experience, and driving the ongoing transformation of air travel. Six of the shortlisted candidates will be honored with the prestigious ‘Outstanding Achievement’ trophy during a ceremony at the FTE Global 2025 Networking Party, scheduled for September 10 in Long Beach, California. Sponsored by Assaia, the event will convene industry leaders to celebrate those who are redefining the future of aviation. Industry Context and Significance This year’s awards arrive at a critical juncture for the aviation sector, which is navigating a rapidly evolving environment. Nominees are not only advancing technological frontiers but are also contending with significant challenges such as adapting to new regulatory frameworks, integrating emerging technologies, and addressing workforce development demands. The competitive nature of the awards is anticipated to stimulate further innovation, with market responses likely to include increased investments in sustainability initiatives and digital transformation efforts as companies strive for recognition. FTE Global Airline Pioneer Awards 2025: Focus on International Airlines Group Among the distinguished nominees is International Airlines Group (IAG), a Corporate Partner of the FTE Digital, Innovation & Startup Hub. IAG’s strategic approach emphasizes transformation through superior customer experience, operational efficiency, and sustainable aviation practices. IAG has introduced several key initiatives that exemplify this strategy. The airline group has launched a Proof of Concept for baggage biometrics at Heathrow Airport, creating an image repository designed to match bags to their owners even if tags are lost. This innovation aims to reduce fraudulent claims and streamline the process of baggage repatriation. Additionally, IAG is implementing a nesting system to track baggage between its London Heathrow (LHR) and New York JFK hubs, providing full visibility and enabling customer relations teams to access real-time data to enhance support and passenger satisfaction. Further enhancing the passenger journey, IAG has deployed self-service baggage kiosks available in 20 languages, allowing customers to report mishandled bags and continue their travels with minimal disruption. The airline’s proactive customer care baggage collection system enables crews to identify passengers with mishandled luggage and offer collection services within 90 minutes of arrival, thereby improving customer choice and reducing wait times. These initiatives reflect a broader industry trend toward leveraging technology to address operational challenges and elevate the passenger experience. As competitors introduce their own advancements in sustainability and customer service, the FTE Global Pioneer Awards function not only as a form of recognition but also as a catalyst for continued progress within the aviation sector. Congratulations are extended to all nominated airlines and airport operators for their commitment to shaping the future of air travel. The 2025 awards are poised to highlight both individual accomplishments and the collective pursuit of excellence in a dynamic and competitive industry landscape.

APS’s Fergus Lopez on the Importance of Communication in Aerospace Safety Aircraft Propeller Service (APS), a prominent provider of turboprop propeller maintenance, airframe trading, and aerospace manufacturing, is broadening its international presence. Established over 70 years ago and headquartered in Lake Zurich, Illinois, APS embarked on its first overseas venture in Brazil in 2016. Nearly a decade later, the company has reached a new milestone by inaugurating a facility in Malaysia, marking its initial entry into the Asia-Pacific (APAC) market. A December 2024 market analysis by Skyquest Consulting identifies the APAC region as the fastest-growing market for aircraft propeller systems. This growth is propelled by rapid economic development, increased air travel, and expanding regional connectivity. While North America continues to lead the market, the report highlights a notable rise in turboprop aircraft acquisitions across Asia-Pacific, as governments and airlines seek reliable and cost-effective aviation solutions. Amid this dynamic expansion, Fergus Lopez has assumed the role of Managing Director for APS’s APAC operations. In an exclusive interview with AeroTime, Lopez discussed the establishment of the Malaysian facility, his leadership approach, and the pivotal role of communication in ensuring aerospace safety. From Technician to Managing Director: A Full-Circle Journey For Malaysian-born Fergus Lopez, leading APS in the Asia-Pacific region represents both a professional milestone and a personal homecoming. His aviation career began in Singapore as an apprentice aircraft technician, where he combined practical work with evening technical studies. After completing his training, Lopez relocated to Canada in the late 1980s to join StandardAero in Winnipeg. At 28, he paused his career to pursue a business degree at the University of Manitoba, subsequently returning to StandardAero and advancing through various roles that took him across the Netherlands, the United States, Australia, Malaysia, and Singapore. His career trajectory includes leadership positions at major aerospace companies such as Meggitt, Parker Aerospace, and GKN, reflecting a wealth of global experience. Communication: The Cornerstone of Aerospace Safety Lopez underscores that effective communication is fundamental to maintaining aerospace safety, a principle increasingly recognized throughout the industry. He asserts, “Clear, consistent communication is essential to prevent misunderstandings that could lead to safety incidents.” This viewpoint aligns with recent research on safety and human factors, which stresses the importance of robust communication protocols in high-stakes environments such as process control rooms and aircraft maintenance facilities. As APS expands its footprint in the APAC region, Lopez is committed to cultivating a culture where open dialogue and transparent safety practices are integral. This approach resonates with broader industry trends, as heightened scrutiny of communication protocols follows several high-profile safety incidents. Competitors are similarly adopting advanced communication technologies to improve operational efficiency and safety, paralleling innovations observed in other sectors, including fuel cell performance. Lopez also highlights the necessity of ensuring that all stakeholders—from technicians on the hangar floor to executives in the boardroom—are aligned on safety protocols. He emphasizes, “Effective communication in the boardroom is just as critical as on the hangar floor. Everyone must be on the same page to ensure the highest standards of safety.” As APS continues its global expansion, Lopez’s leadership and dedication to communication-driven safety establish a benchmark within the aerospace industry, reinforcing the company’s standing as a trusted partner in a rapidly evolving market.

GE Aerospace Secures Order for 14 GE9X Engines from Cathay Pacific Expansion of Cathay Pacific’s Boeing 777-9 Fleet GE Aerospace has announced that Cathay Pacific has placed an order for 14 additional GE9X engines to power its growing fleet of Boeing 777-9 aircraft. This latest purchase increases Cathay Pacific’s total order to 35 GE9X-powered 777-9s. The agreement also includes a comprehensive service package encompassing maintenance, repair, and overhaul of the engines, underscoring the airline’s long-term commitment to GE Aerospace’s propulsion technology. Mahendra Nair, Group Vice President for Commercial Programs at GE Aerospace, highlighted the significance of the partnership, noting that Cathay Pacific was the first customer in the Asia-Pacific region to select the GE9X engine. He emphasized the synergy between the Boeing 777X, the world’s largest twin-engine commercial passenger jet, and the GE9X, the most powerful commercial aircraft engine, which will enable Cathay Pacific to expand its global reach. Advanced Technology and Industry Implications The GE9X engine, designed exclusively for the Boeing 777X family, is recognized as the most powerful and fuel-efficient commercial aircraft engine in its class. It offers a 10 percent improvement in specific fuel consumption compared to its predecessor, the GE90-115B, and incorporates advanced emissions technology. Additionally, the engine is capable of operating on Sustainable Aviation Fuel (SAF) blends, aligning with the aviation industry’s efforts to reduce carbon emissions. Alex McGowan, Cathay Pacific’s Chief Operations and Service Delivery Officer, underscored the importance of the GE9X engines in supporting the airline’s growth strategy. He stated that the engine’s market-leading technologies will help ensure reliable service across Cathay Pacific’s expanding network. This order comes amid a broader industry trend of airlines upgrading to newer, more efficient aircraft to meet increasing travel demand. It is particularly notable given the ongoing production delays at major aircraft manufacturers such as Boeing and Airbus, as well as persistent supply chain challenges within the aerospace sector. Cathay Pacific’s commitment signals confidence in GE Aerospace’s ability to deliver advanced propulsion solutions despite these obstacles. Market Context and GE Aerospace’s Position Market analysts suggest that this deal may strengthen investor confidence in GE’s engine technology, especially as competitors like Rolls-Royce and Pratt & Whitney intensify efforts to capture market share by emphasizing engine performance and reliability. The order highlights the competitive dynamics within commercial aviation, where efficiency, dependability, and sustainability are critical factors for airlines. GE Aerospace maintains a global installed base of approximately 49,000 commercial and 29,000 military aircraft engines. With a workforce of around 53,000 employees worldwide, the company continues to prioritize innovation and safety as it shapes the future of flight. For further information, visit www.geaerospace.com.