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GE GE Aerospace

164.49
1.85 (1.14%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
GE Aerospace NYSE:GE NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  1.85 1.14% 164.49 165.74 162.0101 165.30 3,967,223 01:00:00

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

17/11/2021 11:34am

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GE Aerospace (NYSE:GE)
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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.

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