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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

VietJet Signs US$300 Million Engine Maintenance Deal with CFM

26/11/2014 7:06am

Dow Jones News


GE Aerospace (NYSE:GE)
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   By Gaurav Raghuvanshi 
 

SINGAPORE--VietJet Aviation Co. (VJET.YY) Wednesday said it has signed a deal worth US$300 million with engine manufacturer CFM International to maintain its jet engines.

CFM, a joint venture of GE Aviation, a division of General Electric Co., and Snecma, a division of Safran S.A. of France, will guarantee maintenance costs for 45 CFM56-5B engines for the next 12 years, according to a statement by VietJet.

The engines are fitted on VietJet's 21 Airbus Group N.V. A320 jets.

Earlier this year, the airline signed a separate US$800 million deal with CFM to buy 21 engines to power its new planes.

Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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