Core Viewpoint - GE Aerospace CEO Larry Culp defended the jet-engine industry's pricing practices in response to complaints from the airline industry regarding high maintenance costs and engine shortages impacting their operations [1] Group 1: Industry Pricing Practices - The jet-engine industry faces criticism from airlines over rising maintenance costs, which are perceived as excessive [1] - Culp emphasized that pricing practices are necessary to ensure the sustainability and innovation within the jet-engine sector [1] Group 2: Impact on Airlines - Airlines are experiencing strain due to engine shortages, which are exacerbating operational challenges and increasing costs [1] - The ongoing issues with maintenance and engine availability are leading to heightened concerns among airline operators [1]
GE Aerospace CEO pushes back as airlines decry engine pricing power