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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