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Safran says Hainan Airlines engine deal to be worth $1.3 billion
July 16, 2014 / 1:56 PM / 3 years ago

Safran says Hainan Airlines engine deal to be worth $1.3 billion

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

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