Exclusive: U.S. grants GE license to sell engines for China's new airplane [Yahoo! Finance News]
GE Aerospace (GE)
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Source: Yahoo! Finance News
A man takes a picture of a General Electric GE) engine during the China International Import Expo CIIE), at the National Exhibition and Convention Center in ShanghaiBy Stella Qiu and Karen Freifeld) - The Trump administration on Tuesday granted a license to General Electric Co to supply engines for China's new COMAC C919 passenger jet, a spokeswoman for the company said.Early this year, the United States was weighing whether to deny GE's latest license request to provide the CFM LEAP-1C engine for the narrow-body COMAC jet, which is expected to go into service next year.But in February, President Donald Trump intervened, blasting U.S. proposals that would prevent companies from supplying jet engines and other components to China's aviation industry.“I want China to buy our jet engines, the best in the World,” Trump tweeted on Feb. 18. “I want to make it EASY to do business with the United States, not difficult. Everyone in my Administration is being so instructed, with no excuses...”
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