Avolon Places $2.1 Billion Engine Order With CFM International

Date : 06/18/2019 @ 9:17PM
Source : Dow Jones News
Stock : General Electric Company (GE)
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Avolon Places $2.1 Billion Engine Order With CFM International

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   By Nathan Allen 

Dublin-based aircraft leasing company Avolon said Tuesday that it has placed an order with a nominal value of $2.06 billion for LEAP-1A engines from engine maker CFM International.

CFM International--a joint venture between General Electric Co.'s (GE) aviation subsidiary and SAFRAN SA's (SAF.FR) engines division--will supply engines to power 70 Airbus (AIR.FR) A320neo aircraft, it said.

Avolon said the contract represents its largest-ever engine order.


Write to Nathan Allen at nathan.allen@dowjones.com


(END) Dow Jones Newswires

June 18, 2019 09:02 ET (13:02 GMT)

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