United Tech rules out new widebody engine

Dino D'Amore
By Dino D'Amore December 15, 2014 22:11

United Tech rules out new widebody engine

Greg Hayes, chief executive officer of United Technologies, has ruled out the company building a new widebody engine  because of the lack of a convincing financial case for it.
Even though technically, Hayes said the company coulddo so, he stated that it is “not going to do a widebody engine anytime soon, unless we can figure out a way to make the economics a helluva lot better than what they are.”

“We could afford an investment in widebody,” Hayes said. “I think the drag on earnings would be significant for a number of years.”

“We’re not going to re-engine on the A380. And focus on the narrowbody where we think we can be successful,” Hayes said.

Dino D'Amore
By Dino D'Amore December 15, 2014 22:11