AEROTIME · AIRLINES
GE AEROSPACE TO BUY ENGINE CASTINGS SUPPLIER CPP FOR $11.75 BILLION...
GE Aerospace has agreed to acquire Consolidated Precision Products (CPP), one of its own castings suppliers, for $11.75 billion, taking direct ownership of a component category that has constrained engine output across the industry.
SCOTT: Ask what this does to pairings, the MEL, and the jumpseat. Press releases are written for investors. You fly the leftover.