GE Aerospace CEO defends jet engine pricing amid airline maintenance complaints

GE Aerospace CEO Larry Culp defended engine pricing today against airline complaints. He cited high R&D costs as turnaround times remain 150 percent higher.

洞察:
GE Aerospace Chief Executive Officer Larry Culp larry culpdefended the jet-engine industry's pricing practices on Thursday, January 22, 2026, in response to growing airline industry complaints regarding soaring maintenance costs and engine shortages. Speaking in a Reuters interview, Larry Culpargued that current pricing reflects the massive scale of investment required to develop and support complex propulsion systems. Larry Culpnoted that GE Aerospace, based in the United States USUS, invests approximately $3 billion annually in research and development for these technologies.
A view of the GE Aerospace booth during the Singapore Airshow at Changi Exhibition Centre in Singapore on February 21, 2024. REUTERS/Edgar Su/File Photo
A view of the GE Aerospace booth during the Singapore Airshow at Changi Exhibition Centre in Singapore on February 21, 2024. REUTERS/Edgar Su/File Photo
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