January 11, 2018

CFM concludes US$9.1bn agreements during French state visit to China

In conjunction with French President Emmanuel Macron’s state visit to China, CFM International concluded agreements and Memorandums of Understanding for new engine orders and long-term support agreements covering nearly 500 CFM engines. The total value of the agreements is US$9.1bn at list price.
The agreements include: Spring Airline, US$2.9bn covering installed and engines supported by a long-term Rate Per Flight Hour agreement.
Hainan Airlines, US$4.2bn MoU covering new and spare engines and a long-term support agreement.
Xiamen Airlines: US$2.05bn MoU covering installed and spare engines, along with a long-term Time and Materials support agreement.
Philippe Petitcolin, Chief Executive Officer of CFM parent company Safran, signing on behalf of CFM, said: “Our relationship with the Chinese aviation industry goes back more than 30 years, not only as a customer base but a very important supplier base. These new agreements strengthen our commitment to China and solidifies our relationships with our customers there, providing a strong foundation for even more cooperation in the future.”

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