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Dubai Aerospace places $270 million engine order

Mon Nov 16, 2009 7:03am EST

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DUBAI, Nov 16 (Reuters) - State-owned Dubai Aerospace Enterprise (DAE) has ordered $270 million worth of engines from CFM International to power 20 A320 Airbus planes, DAE said in a statement on Monday.

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CFM International is a joint venture between U.S. conglomerate General Electric (GE.N) and French defence, security and aerospace group Safran (SAF.PA)

The aircraft are part of a 70-plane order the Dubai-based leasing company announced in July 2008. The engine order is scheduled to be delivered in early 2011, DAE said.

State-owned Dubai Aerospace Enterprise said on Sunday it agreed to buy $340 million worth of engines from International Aero Engines, a consortium led by Rolls-Royce (RR.L) and Pratt & Whitney (UTX.N), to power 20 A320 Airbus planes. (Reporting by Nicolas Parasie; Editing by Dan Lalor)

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