IndiGo Places Engines Order Worth $20Bln With CFM International
17 Juin 2019 - 04:47PM
Dow Jones News
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.
Write to Olivia Bugault at olivia.bugault@dowjones.com
(END) Dow Jones Newswires
June 17, 2019 10:32 ET (14:32 GMT)
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