GE Helps Airlines Stay Afloat With Six Sigma
General Electric Commercial Finance, a branch of GE, is implementing a program to help Airline companies cut costs and stay afloat. With analysts predicting first quarter losses amongst air carriers to total $2 billion, the need for extreme cost cutting is clear. GECF, which is already financing many of today’s air carriers, has a vested interest in helping these companies achieve profitability. This process has involved quite centrally, the adoption of Six Sigma strategies. In Business Las Vegas Reports:
Newlands went to Cincinnati to learn Six Sigma — a data-driven, fact-based approach that uses statistics and tools to analyze business processes. GE’s Six Sigma “black belts,” as they call them, helped America West identify potential savings.
“We used them quite a bit in the technical area,” Newlands said.