In conjunction with French President Emmanuel Macron’s state visit to China, 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 US$9.1bn at list price.
The agreements include: Spring Airline, US$2.9bn covering installed and engines supported by a long-term Rate Per Flight Hour agreement.
Hainan Airlines, US$4.2bn MoU covering new and spare engines and a long-term support agreement.
Xiamen Airlines: US$2.05bn 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 the 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.”
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AviTrader Publications Corp.
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Richmond, BC V6X 3M1
Canada