Gen Electric (NYSE:GE)
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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.
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(END) Dow Jones Newswires
June 18, 2019 09:02 ET (13:02 GMT)
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