FARNBOROUGH England (Reuters) - Safran (SAF.PA) said an order from China’s Hainan Airlines (600221.SS) to supply CFM International engines to power 50 Boeing (BA.N) 737 MAX 8 planes will be worth $1.3 billion at list prices.
The carrier announced the commitment to buy the narrow-body planes at Farnborough Airshow earlier on Wednesday. The purchase is subject to approval from the Chinese government.
CFM is a joint venture between France’s Safran and General Electric (GE.N).
Reporting by Victoria Bryan; Editing by Mark Potter