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GE Aviation to Create European Turboprop Center of Excellence to Pursue Non-U.S. Options to Secure Export Credit Financing for Customers

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FAIRFIELD, Conn.--(BUSINESS WIRE)--GE Aviation will create a turboprop engine development, test and production operation in Europe. This will represent an investment exceeding $400 million and ultimately support 500 – 1,000 jobs. The turboprop industry is highly global and comprised of many small aircraft operators. Among the factors driving GE Aviation to pursue the new operation in Europe is the need to support these and other international customers with financing through government-sponsore

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