GENERAL ELECTRIC COMPANY

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Delayed Nyse  -  04:00 2022-08-18 pm EDT
79.21 USD   -0.89%
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ExecuJet MRO Services receives approval from India's DGCA to work on earlier model of the Dassault Falcon 2000

06/17/2022 | 08:39pm EDT

ExecuJet MRO Services Middle East has received approval from India's Directorate General of Civil Aviation (DGCA) to perform line and base maintenance on Falcon 2000 'Classic' aircraft. The 'Classic' refers to the first model of Falcon 2000, which is equipped with a Collins Proline 4 Avionics System and powered by CFE738 engines. CFE was a joint-venture between General Electric and AlliedSignal (now part of Honeywell).

ExecuJet MRO Services' Middle East facility is already approved by India's DGCA to work on various types of aircraft registered in India, such as: Falcon 7X, Falcon 8X, Falcon 900C/EX/EASy and Falcon 2000EASy models. This latest DGCA approval adds the Falcon 2000 "Classic" to this impressive list of capabilities.

"India is a very big and growing market for Dassault Aviation and also a very important market for ExecuJet MRO Services Middle East, thanks to geographic proximity," says Nick Weber, Regional VP Middle East at ExecuJet MRO Services.

He says this latest approval from India's DGCA is significant, because about half of the Dassault business jets registered in India are the Falcon 2000 'Classic'.

"Dubai is a short flight away from India and India-registered aircraft are regular visitors for business and tourism," says Weber.

"This latest approval enables ExecuJet to better support all Indian Falcon customers operating within the region," he adds.

Copyright 2022 Future Aviation Media Pvt Ltd, distributed by Contify.com, source Contify News

Stocks mentioned in the article
ChangeLast1st jan.
DASSAULT AVIATION 1.23% 148.2 Real-time Quote.54.11%
GENERAL ELECTRIC COMPANY -0.89% 79.21 Delayed Quote.-15.40%
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Financials (USD)
Sales 2022 75 056 M - -
Net income 2022 489 M - -
Net Debt 2022 13 451 M - -
P/E ratio 2022 897x
Yield 2022 0,49%
Capitalization 86 858 M 86 858 M -
EV / Sales 2022 1,34x
EV / Sales 2023 1,20x
Nbr of Employees 168 000
Free-Float 74,1%
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Number of Analysts 21
Last Close Price 79,21 $
Average target price 88,56 $
Spread / Average Target 11,8%
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Managers and Directors
H. Lawrence Culp Chairman & Chief Executive Officer
Carolina Dybeck-Happe Chief Financial Officer & Senior Vice President
Victor Abate Chief Technology Officer & Senior Vice President
Nancy Anderson Chief Information Officer & Vice President
Francisco D'Souza Independent Director
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