Reuters - GE In Lead to Buy Avio

General Electric has emerged as the front runner to acquire Avio, a privately held airplane parts supplier, and will present its plans to Italian government officials on Friday, Reuters reported. The sale is being managed by Cinven, a private equity fund that controls Avio. Avio, based in Turin Italy, supplies engine parts for the Eurofighter Typhoon and for General Electric and Rolls Royce.

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