VietJet Signs US$300 Million Engine Maintenance Deal with CFM
November 26 2014 - 2:06AM
Dow Jones News
By Gaurav Raghuvanshi
SINGAPORE--VietJet Aviation Co. (VJET.YY) Wednesday said it has
signed a deal worth US$300 million with engine manufacturer CFM
International to maintain its jet engines.
CFM, a joint venture of GE Aviation, a division of General
Electric Co., and Snecma, a division of Safran S.A. of France, will
guarantee maintenance costs for 45 CFM56-5B engines for the next 12
years, according to a statement by VietJet.
The engines are fitted on VietJet's 21 Airbus Group N.V. A320
jets.
Earlier this year, the airline signed a separate US$800 million
deal with CFM to buy 21 engines to power its new planes.
Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
GE Aerospace (NYSE:GE)
Historical Stock Chart
From Aug 2024 to Sep 2024
GE Aerospace (NYSE:GE)
Historical Stock Chart
From Sep 2023 to Sep 2024