GE to sell corporate jets in cost-cutting move
GE has been under pressure on Wall Street as weak activity in its oil and gas and power divisions has pressured its earnings outlook (AFP Photo/LOIC VENANCE)/ New York (AFP) - General Electric plans to sell its corporate jets in a cost-cutting move amid sluggish activity in key industrial divisions, a spokesperson said Wednesday. "As we have said, we are executing on a plan to take out $2 billion in cost by the end of 2018," the GE spokesperson told AFP. "As part of that effort, starting today, we are reducing the Corporate Air Transport ...
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