Air India, part of Tata Sons, has signed a firm order for 40 GEnx-1B and 20 GE9X engines, plus a multi-year TrueChoice engine services agreement, GE Aerospace (GE) announced. The deal was signed in coordination with the airline’s firm order with Boeing (BA) for 20 Boeing 787 and 10 Boeing 777X aircraft, GE noted. "Air India also announced a CFM order for more than 800 LEAP engines, the largest LEAP order ever, to power its entire narrowbody purchase of 210 Airbus A320/A321neo aircraft and 190 Boeing 737 MAX-family aircraft. The announcement includes a multi-year CFM services agreement. CFM is a 50/50 joint business between GE and Safran Aircraft Engines," GE stated. "We are proud to continue our longstanding partnership with Tata Group and Air India. We look forward to working together to introduce these engines into Air India’s fleet and are committed to ensuring they deliver exceptional performance," added H. Lawrence Culp, Jr., Chairman and CEO of GE and CEO of GE Aerospace.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on GE:
- GE Digital signs collaboration agreement with AWS
- General Electric (NYSE:GE) Stock Scores a “Perfect 10” Smart Score
- General Electric, Getlink announce 60% increase in Channel Tunnel capacity
- General Electric price target raised to $90 from $85 at Argus
- General Electric price target raised to $50 from $45.50 at JPMorgan