Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

GENERAL ELECTRIC COMPANY

(GE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

General Electric : Malaysia Airlines Partners with GE Digital to Modernize the Airline's Fuel Analytics Platform

08/04/2021 | 10:03am EDT

  • Malaysia Airlines chooses Fuel Insight and FlightPulse to transform its fuel efficiency program
  • GE Digital’s Aviation Software solutions help operators meet sustainability goals by monitoring and reducing fuel usage and emissions

Malaysia Airlines and GE Digital are pleased to announce a collaboration to transform and modernize the airline’s fuel efficiency program by adopting GE Digital’s Fuel Insight and FlightPulse aviation software as part of the airline’s on-going initiative to meet its sustainability goals.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210804005563/en/

Malaysia Airlines modernizes its fuel analytics platform with GE Digital's Fuel Insight and FlightPulse aviation software. Photo Courtesy of Malaysia Airlines

Malaysia Airlines modernizes its fuel analytics platform with GE Digital's Fuel Insight and FlightPulse aviation software. Photo Courtesy of Malaysia Airlines

Malaysia Airlines has implemented various initiatives including efficiency measures, investments in sustainability solutions, and waste reduction across its operations to address sustainability goals. The fuel efficiency program has been running for more than a decade, contributing to a 15% fuel burn improvement recorded over the past eight years. Data analytics has been a cornerstone of the program with various improvements made in systems infrastructure and capabilities. As a part of this focus, the airline embraces technologies by GE Digital to facilitate efficient and digitally-connected operations.

Fuel Insight is a cost and emissions monitoring solution that works by understanding data from the aircraft to uncover valuable intelligence that help increase fuel efficiency and reduce waste. The software uses GE Digital’s Event Measurement System (EMS) aviation data and analytics platform to merge flight data with flight plans, load sheets and fuel uplift data, identify the most attainable fuel savings opportunities, and track the incremental savings across the operation. Fuel Insight gives operators actionable intelligence at multiple levels allowing analysts to drill down macro trends to understand issues on a per-flight level.

FlightPulse puts data directly into the hands of pilots, allowing them to visualize their savings over time. Pilots who understand their own performance can adjust their flight plans to maximize safety and fuel efficiency. Secure benchmarking and data sharing lets crew members see their contribution to projects and dramatically shortens the feedback loop.

Group Operations Officer of Malaysia Airlines, Ahmad Luqman Mohd Azmi said, “Advocating sustainability in all of our operations has always been the primary goal for Malaysia Airlines. We look forward to such collaboration that contributes to the airline’s efforts to accelerate our sustainability goals. Digitalization is a core component of our Long Term Business Plan and we have seen how these efforts bring immediate value especially in the area of fuel efficiency. Through these solutions, we seek to play a greater part in building a legacy for future generations and enhancing our own airline’s sustainability efforts.”

Malaysia Airlines evaluated the software with an extensive team of pilots, dispatchers, and analysts who endorsed the software solution, which is hosted on GE Digital’s EMS Platform. EMS is built on the Microsoft Azure cloud platform providing compute, data, and security services.

Additionally, GE Digital provides the tools for Malaysia Airlines to build their own big data analytics and leverage modern tools for data analysis including AI/Machine Learning. These analytics can be leveraged by pilots to make informed fuel decisions and departure briefings before flight and secure access to data from the pilot’s personal flight history, allowing them to analyze their aircraft operation with their peers and discover areas to optimize operations and efficiency for future flights.

“GE is committed to environmental excellence and that includes ensuring that our customers are empowered to reduce the impact of their technology and environmental footprint within their operations,” said Andrew Coleman, General Manager of GE Digital’s Aviation Software business. “These solutions will help Malaysia Airlines to leverage software to improve efficiency and reduce carbon emissions.”

The solution, which is easily configured and deployed, will be implemented by the GE Digital Aviation Software teams in Austin, Texas and Shanghai, China.

More information about GE Digital’s Aviation Software solutions can be found here.

About Malaysia Airlines

Malaysia Airlines is the national carrier of Malaysia, offering the best way to fly to, from and around Malaysia. Malaysia Airlines carries up to 40,000 guests daily on memorable journeys inspired by Malaysia’s diverse richness. Malaysia Airlines embodies the incredible diversity of Malaysia, capturing its rich traditions, cultures and cuisines via its inimitable Malaysian Hospitality across all customer touch points.

Since September 2015, the airline has been owned and operated by Malaysia Airlines Berhad. It is part of the Malaysia Aviation Group (MAG), a global aviation organisation that comprises of different aviation business portfolios aimed at serving Malaysian air travel needs. Via our alliance with oneworld®, Malaysia Airlines offers superior connectivity with seamless journeys to 1,000 destinations across 150 plus countries, and access to over 650 airport lounges worldwide. For more information, please visit http://www.malaysiaairlines.com

About GE Digital

GE Digital transforms how our customers solve their toughest challenges by putting industrial data to work. Our mission is to bring simplicity, speed, and scale to digital transformation activities, with industrial software that delivers breakthrough business outcomes. GE Digital’s product portfolio – including grid optimization and analytics, asset and operations performance management, and manufacturing operations and automation – helps industrial companies in the utility, power generation, oil & gas, aviation, and manufacturing sectors change the way industry works. For more information, visit www.ge.com/digital.


ę Business Wire 2021
All news about GENERAL ELECTRIC COMPANY
09/24GENERAL ELECTRIC COMPANY : Ex-dividend day for
FA
09/23GENERAL ELECTRIC : GE Healthcare Makes $1.45 Billion Deal for Surgical Imaging Firm BK Med..
MT
09/23GENERAL ELECTRIC : S-92 Helicopter Completes First Flight Using Biofuel
AQ
09/23RAJESH KUMAR : GE announces biggest acquisition under CEO Culp
RE
09/23GENERAL ELECTRIC : to Buy Surgical Imaging Company BK Medical for $1.45 Billion
MT
09/23WALL STREET STOCK EXCHANGE : As smooth as silk
09/23SOUND DEAL : GE Healthcare To Acquire Ultrasound Innovator BK Medical, Boost Its Precision..
PU
09/23GE INVESTOR UPDATE : GE Acquires Surgical Visualization Leader BK Medical
PU
09/23General Electric to Buy BK Medical for $1.45 Billion
DJ
09/23GENERAL ELECTRIC : to Buy Ultrasound Business BK Medical For $1.5 Bln
MT
More news
Analyst Recommendations on GENERAL ELECTRIC COMPANY
More recommendations
Financials (USD)
Sales 2021 76 996 M - -
Net income 2021 1 193 M - -
Net Debt 2021 12 312 M - -
P/E ratio 2021 1 023x
Yield 2021 0,31%
Capitalization 113 B 113 B -
EV / Sales 2021 1,63x
EV / Sales 2022 1,52x
Nbr of Employees 174 000
Free-Float 74,4%
Chart GENERAL ELECTRIC COMPANY
Duration : Period :
General Electric Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GENERAL ELECTRIC COMPANY
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 102,96 $
Average target price 113,88 $
Spread / Average Target 10,6%
EPS Revisions
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
James S. Tisch Independent Director
Sector and Competitors
1st jan.Capi. (M$)
GENERAL ELECTRIC COMPANY19.17%113 009
BERKSHIRE HATHAWAY INC.20.29%629 465
HONEYWELL INTERNATIONAL INC.3.29%151 681
SIEMENS AG27.86%140 832
3M COMPANY3.86%105 040
ILLINOIS TOOL WORKS INC.6.87%68 625