CFM concludes $9.1 billion U.S. agreements during French state visit to China

• Represents orders and support for ~500 engines

WEST CHESTER, Ohio — 11 January 2018 —  In conjunction with French President Emmanuel Macron's state visit to China earlier this week, 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 U.S. at list price.

The agreements include: 

  • Spring Airline:  $2.9 billion covering installed and engines supported by a long-term Rate Per Flight Hour agreement.
  • Hainan Airlines:  $4.2 billion MoU covering new and spare engines and a long-term support agreements.
  • Xiamen Airlines: 2.05 billion MoU covering 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."

 

CFM International, a 50/50 joint company between GE and Safran Aircraft Engines.  For more information, visit us at www.cfmaeroengines.com or follow us on Twitter @CFM_engines.

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