IndiGo Places Engines Order Worth $20Bln With CFM International

Date : 06/17/2019 @ 10:47PM
Source : Dow Jones News
Stock : General Electric Company (GE)
Quote : 10.65  0.44 (4.31%) @ 4:45AM
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IndiGo Places Engines Order Worth $20Bln With CFM International

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   By Olivia Bugault 
 

InterGlobe Aviation Ltd.'s (539448.BY), known as IndiGo, said Monday that it placed an order worth $20 billion with jet engines supplier CFM International for LEAP-1A engines.

CFM International--which is a joint venture between General Electric Co.'s (GE) subsidiary GE Aviation and SAFRAN SA's (SAF.FR) Safran Aircraft Engines division--will produce the engines that will be used to power 280 Airbus SE (AIR.FR) A320neo and A321neo aircraft, the Indian low-cost airline said.

The contract, worth over $20 billion at list price, includes spare engines and an overhaul support agreement, IndiGo said.

 

Write to Olivia Bugault at olivia.bugault@dowjones.com

 

(END) Dow Jones Newswires

June 17, 2019 10:32 ET (14:32 GMT)

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