United Kingdom, July 15 -- GE Aerospace nd UK Export Finance (UKEF) announced a first-of-its-kind framework for shop visit financing for airline customers leveraging GE Aerospace's Maintenance, Repair, and Overhaul (MRO) sites in Wales and Scotland. This new program will enable airlines to access financing for their engine maintenance spend, with UKEF supporting $1 billion in financing over the next five years, supporting airlines with quicker decision making and greater predictability. Currently, there is no established banking solution for engine overhauls, and ad hoc financings to-date have been complex and time consuming. By partnering together, GE Aerospace and UKEF have created a financing framework that provides several benefits to a...