CFM International Finalizes Order for 26 LEAP Engines With Vistara

Date : 10/17/2019 @ 1:21PM
Source : Dow Jones News
Stock : Airbus Se (PC) (EADSY)
Quote : 37.07  -0.19 (-0.51%) @ 8:59PM

CFM International Finalizes Order for 26 LEAP Engines With Vistara

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By Olivia Bugault

 

CFM International, the 50-50 joint venture between France's Safran SA (SAF.FR) and General Electric Co. (GE), said Thursday that it has finalized an order for 26 LEAP engines with Indian airline Vistara.

CFM International will provide 26 LEAP-1A engines to power 13 of Airbus SE (AIR.FR)'s A320neo jets for Vistara, a joint venture between Tata Group's holding company Tata Sons Ltd. and Singapore Airlines Ltd. (C6L.SG).

"Alongside this engine order, Vistara signed a long-term rate per flight hour agreement for the maintenance of the 120 LEAP-1A engines that power 60 Airbus A320neo and A321neo aircraft in service or in order," CFM said.

It didn't disclose the financial details of the deal.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 

(END) Dow Jones Newswires

October 17, 2019 09:06 ET (13:06 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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