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GE joint venture gets $3B order from Vietnams VietJet

May 25, 2016  |  GE Aviation/CFM International
GE Aviation/CFM International

Associated Press and The Cincinnati Enquirer

 

Boeing Co. is selling 100 aircraft worth about $11.3 billion at list prices to Vietnam’s VietJet as the airline seeks to expand its international and domestic flights. And a GE Aviation joint venture based in West Chester will be selling $3 billion in engines for the planes.

Boeing Co. said Monday that the planes, all of which are 737 Max 200 models, will be delivered between 2019 and 2023.

The 737 Max is only powered with the new Leap engine by West Chester-based CFM International, a joint venture between GE Aviation and Safran of France. "It was a big win," said Rick Kennedy, a GE Aviation spokesman.

It was the single largest airplane purchase by Vietnam, according to the Chicago company. Aircraft in deals of this size are typically sold at a discount to list prices, however.

The deal was signed in Hanoi, Vietnam, and witnessed by President Barack Obama, who is visiting the country for the first time.

An earlier version of this story, based on information from the Associated Press, incorrectly reported that another company won the order.

 

http://www.cincinnati.com/story/money/2016/05/23/ge-rival-gets-order-vietnams-vietjet/84816626/