SpiceJet- CFM Deal — ACME of Indian Aviation
Low cost carrier (LCC) SpiceJet recently signed a $12.50 billion deal with the engine manufacturer
It looks like the much-talked about civil aviation boom in India is finally about to happen. And, no-frills carrier SpiceJet seems to have kicked it off with a $12.50 billion deal with CFM to purchase LEAP-1B engines for their 155 units of Boeing 737 MAX airplanes as well as spare engines to support the fleet.
A DONE DEAL
The LEAP engine family, a product of CFM International- a joint venture between GE Aviation of the United States and Francebased Safran Aircraft Engines, are steadily becoming a popular option with more than 14,300 orders received through January