In The News

GE Aviation joint venture bags deals during open of international air show

July 14, 2014  |  GE Aviation
GE Aviation

Cincinnati Business Courier

GE Aviation joint venture CFM International has penned deals worth billions of dollars in the opening days of the Farnborough Internetional Air Show.

The event is a week-long trade show for the aerospace and defense industries that takes place biannually in Hampshire, England.

Among the deals CFM announced in the first two days of the air show are:

An order by American Airlines for LEAP-1A engines to power its new fleet of 100 Airbus A320neo aircraft, valued at $2.6 billion list price.

European airline EasyJet placed an order for 270 LEAP-1A and CFM56-5B engines valued at nearly $3.3 billion.

China’s Spring Airlines has selected the CFM56-5B to power 30 Airbus A320ceo aircraft, an order valued at $620 million.

Independent UK travel group Monarch Airlines is finalizing terms for an order of 30 Boeing 737 MAX aircraft powered by LEAP-1B engines, an order valued at $1.9 billion list price.

Okay Airways, China’s first private airline, placed an order valued at $250 million for LEAP-1B and CFM56-7B engines to power 10 aircraft.

Dublin, Ireland-based Avolon has increased its LEAP-1B order for 20 new Boeing 737 MAX aircraft, bringing its total order to a $520 million list price.

CFM International is a 50/50 joint venture between GE Aviation and Snecma (Safran) and is based out of Cincinnati.