When Bill Boeing opened his Seattle factory in 1916, his first product was a seaplane made from wood and canvas called Bluebill. That biplane could seat a pair of flyers and cover 320 miles. Boeing built just two of them.
Mottier runs GE Aviation’s business and general aviation division, the unit responsible for aircraft engines and other technology for private and business planes. But he's also an accomplished pilot who has been flying for three decades.
The formal name for the gathering is the EAA AirVentures Oshkosh fly-in. It features daily airshows displaying everything from acrobats and wing walkers to jet-powered biplanes and the latest commercial and military aircraft.
The plane, called the Cessna Denali, will have the largest cabin in its class—seating up to eight people—and an engine powerful and efficient enough to reach Chicago from Los Angeles or Miami from New York.
The company also announced that it has returned $18 billion to shareowners for the year to date, including $13.7 billion through a share buyback and $3.7 billion through dividends. In the quarter, GE’s backlog of orders grew to a record $320 billion, up 17 percent since the 2Q’15.