CFM International Signs $23.1 Billion Order With AirAsia
June 18 2019 - 11:14AM
Dow Jones News
By Patrick Costello
CFM International said Tuesday that it finalized an agreement
with AirAsia Group Bhd. (5099.KU) for the purchase of 200 LEAP-1A
engines to power the Malaysian airline's 100 Airbus A321neo
planes.
AirAsia has also expanded its 20-year rate-per-flight-hour
agreement with CFM to encompass its entire fleet of 808 LEAP-1A
engines for a combined total value of $23.1 billion at list price,
CFM said.
The airplane order and intent to purchase the engines were
announced in July 2016, CFM said. Under RPFH agreements, CFM
Services guarantees maintenance costs for AirAsia's LEAP-1A engines
on a dollar per engine flight hour basis, it said.
CFM International is a joint venture between General Electric
Co.'s (GE) aviation subsidiary and Safran SA's (SAF.FR) engines
division.
Write to Patrick Costello at patrick.costello@dowjones.com.
(END) Dow Jones Newswires
June 18, 2019 10:59 ET (14:59 GMT)
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