General Electric (NYSE:GE)
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By Olivia Bugault
InterGlobe Aviation Ltd.'s (539448.BY), known as IndiGo, said Monday that it placed an order worth $20 billion with jet engines supplier CFM International for LEAP-1A engines.
CFM International--which is a joint venture between General Electric Co.'s (GE) subsidiary GE Aviation and SAFRAN SA's (SAF.FR) Safran Aircraft Engines division--will produce the engines that will be used to power 280 Airbus SE (AIR.FR) A320neo and A321neo aircraft, the Indian low-cost airline said.
The contract, worth over $20 billion at list price, includes spare engines and an overhaul support agreement, IndiGo said.
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(END) Dow Jones Newswires
June 17, 2019 10:32 ET (14:32 GMT)
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