CFM International, Saudi Arabian Airlines Agreed on $8.5 Billion Deal, at List Price
December 06 2021 - 1:17AM
Dow Jones News
By Olivia Bugault
CFM International, the 50/50 joint venture between jet engine
makers Safran SA and General Electric Co., said Saturday that it
signed an agreement with Saudi Arabian Airlines Corp. for an order
valued at roughly $8.5 billion, at list price.
Saudi Arabia's flag carrier ordered LEAP-1A engines that will be
used to power its new fleet of 35 Airbus SE A321neo jets and 30
A320neo planes, CFM International said. The agreement comprises the
purchase of 149 LEAP engines, including spares, as well as a
multi-year services agreement, it said.
"This agreement also includes a rate-per-flight-hour services
contract to cover engines from this new order as well as an
additional 20 leased A320neo aircraft," it said.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
December 06, 2021 02:02 ET (07:02 GMT)
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