CFM CON­CLUDES $9.1 BIL­LION AGREE­MENTS

SP's Airbuz - - News Brief -

In con­junc­tion with French Pres­i­dent Em­manuel Macron’s state visit to China, CFM In­ter­na­tional con­cluded agree­ments and Mem­o­ran­dums of Un­der­stand­ing for new en­gine or­ders and long-term sup­port agree­ments cov­er­ing nearly 500 CFM en­gines. The to­tal value of the agree­ments is $9.1 bil­lion US at list price. The agree­ments in­clude: - stalled and en­gines sup­ported by a longterm Rate Per Flight Hour agree­ment. - ing new and spare en­gines and a longterm sup­port agree­ments. - ing in­stalled and spare en­gines, along with a long-term Time and Ma­te­ri­als sup­port agree­ment. Philippe Petit­colin, Chief Ex­ec­u­tive Of­fi­cer of CFM par­ent com­pany Safran, sign­ing on be­half of CFM, said: “Our re­la­tion­ship with Chi­nese avi­a­tion in­dus­try goes back more than 30 years, not only as a cus­tomer base but a very im­por­tant sup­plier base. These new agree­ments strengthen our com­mit­ment to China and so­lid­i­fies our re­la­tion­ships with our cus­tomers there, pro­vid­ing a strong foun­da­tion for even more co­op­er­a­tion in the fu­ture.”

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