CFM receives engine contract worth $2B

WEST CHESTER, OH (FOX19) - A local GE subsidiary gets a big aviation contract.

On Thursday, The Qantas Group announced that it has selected CFM International's LEAP-1A engine to power 78 Airbus aircraft.

The engine order is valued at $2.0 billion U.S. at list price, including spare engines.

The first aircraft are scheduled for delivery in 2016 and will support Jetstar, the low-fare subsidiary of the Qantas Group.

"We are both honored and excited to launch this next phase of our relationship with the Qantas Group," said Jean-Paul Ebanga, president and CEO of CFM.  "We consider the benefits of LEAP technology, including better fuel burn and lower noise and emissions compared to today's best CFM56 engines, along with CFM's industry-leading reliability and low maintenance costs, will have a very positive impact on operational efficiency and help support their exciting growth plans."

CFM International is a 50/50 joint company owned by Snecma (Safran Group) and GE.

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