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Safran SA and General Electric Co Joint Venture CFM Finalizes Order from Qantas Group; Receives Expanded Order from ILFC

Monday, 17 Jun 2013 08:00pm EDT 

Safran SA announced that CFM, a joint venture between Snecma (Safran) and General Electric Co, has finalized an order from the Qantas Group for LEAP-1A engines to power 78 Airbus A320neo aircraft currently on order. The first aircraft are scheduled for delivery in 2016 and will support Jetstar-branded airlines, the low-fare subsidiary created by the Qantas Group. The engine order, originally announced as a commitment in 2012, has a value of USD 2.0 billion at list price, including spare engines. In addition, Safran SA announced that International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. expanded its order for CFM International’s LEAP-1A engines to power an additional 20 Airbus A320neo Family aircraft, bringing the total of its LEAP-powered A320neo Family aircraft to 60. The aircraft are scheduled for delivery beginning in 2016. This newest engine order is valued at USD 260 million at list price. 

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