General Electric to buy aviation business of Italy’s Avio December 21, 2012 - 17:46 AMT PanARMENIAN.Net - Industrial conglomerate General Electric says it will buy the aviation business of Italian manufacturer Avio for $4.3 billion to strengthen its growth in jet propulsion, The Associated Press reports. The Fairfield, Conn., company says the deal will help build its global supply chain, as engine production rates rise. The deal also will give GE a chance to offer Avio products outside the aviation industry, in power generation, oil and marine products. Avio makes aviation propulsion components and systems for civil and military aircraft, and it supplies GE Aviation. GE says it will buy the business from European private equity firm Cinven and the Italian aerospace group Finmeccanica. GE won't be buying Avio's space unit. Partner news  Top stories “It’s a pity that instead of operating flights, airplanes with Armenian flags stand idle under the sun,” Ghazaryan said. The issue was discussed by Gazprom chief Alexey Miller and Armenian Minister of Energy and Natural Resources Armen Movsisyan. On Feb 23, 2012, Yerevan Jur CJSC issued application for decreasing water prices from current AMD 174,059 to AMD 166,044 per cubic meter. Finance Minister David Sargsyan met with the regional director of KfW German Development Bank Lars Oermann.   Partner news |  Latest news FBI head admits use of drones for surveillance in U.S.  The use of such drones is politically charged and civil-rights advocates say there are no clear privacy rules governing their use.Bombs flatten police station in Libya’s Benghazi Last month the station was set on fire in a possible act of revenge for the killing of a man in an attack on police nearby.New safety requirements for Japan atomic plants formally approved The new requirements approved by nuclear watchdog will take effect on July 8, when operators will be able to apply for inspections.Flash floods in France's southwest lead to evacuations "The Sanctuaries are closed apart from the Upper Basilica," the local prefecture of the Haute-Garonne area said in a statement. |
