July 16, 2018 / 8:21 AM / 3 months ago

GE Aviation CEO says changes at GE no constraint for his business

FARNBOROUGH, England, July 16 (Reuters) - The overhaul at U.S. industrial giant General Electric Co is not a constraint for its aviation arm, "in fact I feel it's the very opposite," the head of GE Aviation said on Monday.

Following a year-long strategic review, GE said last month it would spin off its healthcare business and divest its stake in oil-services firm Baker Hughes, effectively breaking up the 126-year-old conglomerate.

"The changes in GE unlock if anything more capability out of GE Aviation. I don’t feel any constraints relative to what has happened in the past year - in fact I feel the very opposite," David Joyce, CEO of GE Aviation and vice chairman of GE, told a news briefing at the Farnborough Airshow.

"We don't feel we are under a lot more pressure than we were before." (Reporting by Tim Hepher; Editing by Mark Potter)

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