CFM Logs $7 Billion in Orders through May
LE BOURGET - June 18, 2007
CFM International (CFM) has received orders for 1,055 commercial, military, and spare engines through May 2007 at a value of approximately $7* billion.
CFM International is a 50/50 joint company between Snecma (SAFRAN Group) and General Electric Company.
"We received record orders in 2005 and 2006 " said Eric Bachelet, president and CEO of CFM International. "2007 is another strong year and I think we will finish it with at least 1,400 new orders. This is a testament to the overall good health of our industry right now. The airlines worldwide have started to make a profit, despite high fuel prices, by increasing productivity and reducing costs. New airlines are emerging worldwide and the legacy carrier are back as strong as ever."
CFM set a new record in 2005, receiving orders for 1,640 CFM56 engines, and broke that record the very next year with orders for 2,110 engine. Prior to 2005, the company's previous record of 1,343 orders was set in 1989.
Highlights of 2007 order to date include:
-Singapore Aircraft Leasing Enterprise (SALE): $275 million order for CFM56-7B engine to power 20 Boeing Next-Generation 737.
-Air China: $345 million order for CFM56-5B engine to power 24 Airbus A321s.
-Skybus Airlines: the new U.S. start-up placed a $750 million order for CFM56-5B engines to power 65 new Airbus A319 aircraft.
-Kuwait-based ALAFCO Aviation Lease and Finance Company: a $100 million CFM56-7B engine order from to power six firm, six option Next-Generation 737 aircraft.
-easyJet: exercised options for CFM56-5B engines to power 52 additional Airbus A319 aircraft in a firm engine order valued at more than $700 million.
*All values quoted are over the life of the engine.
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