Buy
Sell
Share Name Share Symbol Market Type
Safran SA EU:SAF Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.56 -0.58% 95.45 95.45 95.47 98.31 95.41 98.15 152,634 12:41:37

General Electric, Safran JV Signs $4.5 Billion Engine Deal With Akasa Air

17/11/2021 11:34am

Dow Jones News


Safran (EU:SAF)
Historical Stock Chart


From May 2021 to May 2022

Click Here for more Safran Charts.

By Olivia Bugault

 

CFM International, a Safran SA and General Electric Co. joint venture, said Wednesday that Indian airline Akasa Air has signed a purchase agreement for LEAP-1B jet engines.

At list price, the agreement--which also includes spare engines and long-term services--is valued at almost $4.5 billion, the supplier of jet engines said.

The LEAP-1B aircraft engines will power the 72 Boeing 737 MAX jets whose order by Akasa Air was announced Tuesday during the Dubai air show. LEAP-1B engines are exclusively used on 737 MAX planes.

Akasa Air plans to launch commercial flights in the summer of 2022.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 

(END) Dow Jones Newswires

November 17, 2021 06:19 ET (11:19 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year Safran Chart

1 Year Safran Chart

1 Month Safran Chart

1 Month Safran Chart
ADVFN Advertorial
Your Recent History
EU
SAF
Safran
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220523 11:56:38