Thomas Edison was famously fond of failures, using them as guideposts to new solutions. But the GE founder wasn’t the only person in the company espousing this lemons-to-lemonade philosophy. Take Sanford Moss, a bright engineer from Cornell University who joined the company in 1904 and proceeded to develop one of the first gas turbines. Problem was, the machine didn’t work.
La Compagnie’s new Airbus A321neo jet isn’t a large plane as passenger jets go — it fits 76 reclining seats in its all-business class configuration — but when it arrived at the Paris Air Show on Tuesday, it heralded big changes in the industry.
The 2019 Paris Air Show has been one for the records books for GE and CFM International, a 50-50 joint venture between GE and Safran Aircraft Engines. As of Tuesday, the companies have won deals valued at more than $50 billion. But the show wasn’t only about the money. It was also about technology and engineering.
On Monday afternoon at the Paris Air Show, jet engine maker CFM International said it signed the largest single jet engine order in history to supply fast-growing Indian carrier IndiGo with its LEAP-1A engines and services — a deal valued at more than $20 billion at list price.