General Electric, Safran JV Signs $4.5 Billion Engine Deal With Akasa Air
November 17 2021 - 5:34AM
Dow Jones News
By Olivia Bugault
CFM International, a Safran SA and General Electric Co. joint
venture, said Wednesday that Indian airline Akasa Air has signed a
purchase agreement for LEAP-1B jet engines.
At list price, the agreement--which also includes spare engines
and long-term services--is valued at almost $4.5 billion, the
supplier of jet engines said.
The LEAP-1B aircraft engines will power the 72 Boeing 737 MAX
jets whose order by Akasa Air was announced Tuesday during the
Dubai air show. LEAP-1B engines are exclusively used on 737 MAX
planes.
Akasa Air plans to launch commercial flights in the summer of
2022.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
November 17, 2021 06:19 ET (11:19 GMT)
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