EasyJet Selects CFM International as Engine Supplier

By Razsk Musah Baba

LONDON--EasyJet PLC (EZJ.LN) said Monday it has selected CFM International SA, a joint venture between Safran SA (SAF.FR) and General Electric Co. (GE), to provide 270 engines to power its firm order of 35 Airbus current generation A320 aircraft and 100 Airbus new generation A320neo aircraft.

The European discount carrier said CFM will also provide engines for any future exercise of the 100 purchase rights over New Generation Aircraft.

The Current Generation Aircraft are planned for delivery between 2015 and 2017 and the New Generation Aircraft are planned for delivery from 2017 until 2022, under framework arrangements with Airbus which were announced on June 18, 2013.

The Current Generation Aircraft will be powered by CFM56-5B engines and the New Generation Aircraft will be powered by CFM LEAP-1A engines, the low-cost airline added.

EasyJet said the framework arrangements relating to firm orders for 35 Current Generation Aircraft and 100 New Generation Aircraft, and purchase rights over 100 New Generation Aircraft and their related engines, received shareholder approval on July 11, 2013.

Write to Razak Musah Baba at [e-mail]; Twitter: @Raztweet

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