Citi Turns Bullish On Boeing

Reuters

‘Never say never’: Boeing open to GE-Safran’s new engine concept

Boeing Co could embrace new engine technology for its next new airplane program, vital to fending off arch-rival Airbus SE in a lucrative slice of the air travel market. The U.S. planemaker has not publicly endorsed the so-called open-rotor or open-fan design – in which the engines blades are exposed – announced last year by CFM International, a transatlantic tie-up between General Electric and Safran. Boeing’s vice president of product development, however, cautiously did so on the sidelines of a briefing this week on its flying technology testbed.