GE & Flexjet Partner For Flight Data Transmission Technology
Zacks Investment Research | Jul 02, 2019 09:20PM ET
General Electric Company (NYSE:GE) recently announced a safety and fleet modernization partnership program with Flexjet, wherein both the companies will work on upgrading and expanding the latter’s flight data monitoring capabilities. Notably, the partnership will enhance Flexjet’s flight operations quality assurance (FOQA) program by leveraging GE’s flight safety analysis services with quick access recorders (QARs) and cellular data services.
Leveraging Industrial Internet, GE Aviation’s FOQA, cellular data services and GE joint-venture partner Avionica’s wireless mini-QAR technology offer airline operators actionable insight to identify and eliminate possible safety hazards in flight operations. Notably, powered by the Event Measurement System, GE Aviation’s flight analytics service helps in integrating several data sources, including weather, flight information, flight plans, navigation, apart from other operational data.
Notably, the collaboration will enable Flexjet’s fleet of aircraft to transmit flight data wirelessly upon touchdown on an instant basis. As a matter of fact, this will facilitate real time analysis by Flexjet’s data analyst team, thus boosting the company’s safety management system.
Existing Business Scenario
General Electric intends to become more competent by focusing on core businesses. In June 2018, the company announced its intention to become a high-tech industrial company focused on Aviation, Power and Renewable Energy. However, a weakening Power business remains a key concern.
Notably, the Zacks Rank #3 (Hold) company’s share price has increased 5.1% over the past three months compared with 0.8% growth recorded by the Original post
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