Safran and GE JV Signs $4.2 Billion MoU With Hainan Airlines
January 11 2018 - 11:39AM
Dow Jones News
By Nathan Allen
Safran SA (SAF.FR) and General Electric Co.'s (GE) joint-venture
company CFM International has signed a $4.2 billion memorandum of
understanding with China's Hainan Airlines Holding Co. Ltd.
(600221.SH) to deliver aircraft engines, Safran said Thursday.
CFM said it will supply Hainan with Leap-1A engines to power 55
Airbus A320neo aircraft. The deal also includes a long-term service
agreement with the China-based carrier, Safran said.
Chinese Commerce Minister Zhong Shan and French Foreign Minister
Jean-Yves Le Drian attended the memorandum's signing, according to
a release from Safran.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
January 11, 2018 11:24 ET (16:24 GMT)
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