AIRSHOW-American Airlines picks CFM for $2.6 bln engine deal

FARNBOROUGH, England, July 13 Sun Jul 13, 2014 4:29am EDT

FARNBOROUGH, England, July 13 (Reuters) - CFM International, a joint venture between General Electric Aviation and Safran of France, said on Sunday that it had been picked by American Airlines Group to provide engines for 100 Airbus A320neo jets the airline has on order.

CFM said the order is worth $2.6 billion at list prices.

The deal confirms what sources familiar with the matter told Reuters this month and marks a loss for United Technologies Corp's Pratt and Whitney unit, which makes the other engine offered on the Airbus A320neo. (Reporting by Mark Potter; Editing by David Goodman)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article