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CFM to supply aircraft engines to Saudi companies for $ 12.5 billion

2021-12-04T16:22:04.918Z

The announcement of this contract was made during Emmanuel Macron's visit to Saudi Arabia. CFM International, a joint venture between the French company Safran and the US company GE, announced on Saturday that it had signed two contracts worth a total of $ 12.5 billion at list price to equip its engines for the Airbus A320s acquired by two Saudi airlines. . Read alsoBetween France and the United Arab Emirates, "the reliability" of an already long-standing partnership The first contrac



CFM International, a joint venture between the French company Safran and the US company GE, announced on Saturday that it had signed two contracts worth a total of $ 12.5 billion at list price to equip its engines for the Airbus A320s acquired by two Saudi airlines. .

Read alsoBetween France and the United Arab Emirates, "the reliability" of an already long-standing partnership

The first contract, worth 8.5 billion dollars, includes the supply of 149 Leap engines to equip 65 aircraft of the Saudi Arabian company and 20 others leased by the latter, as well as their maintenance.

The second contract, with a list price of $ 4 billion, concerns the supply of 160 Leap engines to equip 80 A320s of the low-cost Saudi airline Flynas, CFM said in statements.

An announcement made as part of Emmanuel Macron's visit to Saudi Arabia, during which the French head of state met with Saudi Crown Prince Mohammed Ben Salman, known as “MBS” on Saturday.

Source: lefigaro

All business articles on 2021-12-04

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