How will the fall in the oil price affect aviation’s approach to sustainability?
The oil price reduction isn’t a major concern to our business. Aviation is a long horizon business in terms of the development of new technology. Low fuel prices won’t always stay that way. Beyond fuel prices, our customers are also focused on other operating costs, such as lower maintenance costs and emission taxes. So the current fuel price reductions haven’t changed our focus on fuel efficiency and investing in new technology to benefit our customers.
“The aviation industry as a whole needs to come together to create more fuel efficient aircraft.”
Christopher Lorence, General Manager, Engineering Technologies, GE Aviation
What is the potential of the Industrial Internet to improve engine performance?
We already get a tremendous amount of data from our engines. This data can enable us to better predict durability problems and make fuel burn savings. We know how to do this. Now we just need to work on the education process so that our customers can better understand the benefits that this data can provide
