GE Aviation, CFM fly from air show with $22B in orders

Final assembly of the CFM56-5B jet engine produced by GE Aviation joint venture CFM International. FILE

Final assembly of the CFM56-5B jet engine produced by GE Aviation joint venture CFM International. FILE
Business
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July 23, 2018
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Two regional aviation companies — Evendale’s GE Aviation and CFM International, its West Chester-based joint venture Safran Aircraft Engines — received more than $22 billion in orders from the 2018 Farnborough Air Show last week.

The orders were for jet engines, services, avionics and digital offerings at the 2018 Farnborough Air Show in London.

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Engine orders and commitments included more than 850 LEAP and CFM56 engines, 250 CF34 engines, close to 100 GE90-115B engines and almost 50 GEnx engines, the companies said in a joint release.

Among the orders:

Air Lease Corp. chose CFM International’s LEAP-1A engine to power 34 previously announced Airbus A321neo aircraft and finalized an order for 85 LEAP-1B powered Boeing 737 MAX aircraft. The order is valued at more than $3.3 billion list price.

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Volga-Dnepr Group and CargoLogicHolding, signed a “letter of intent” for 29 GE90-115B-powered Boeing 777 Freighters and five GEnx-2B-powered Boeing 747-8 Freighters. The engine order is valued at more than $2.5 billion, the companies said.

GE Aviation and Teradata — a data analytics company moving from Miami Twp. to San Diego — announced that GE Aviation will become the exclusive provider of Teradata products and services for commercial aviation markets, providing what GE Aviation called “the world’s biggest airlines with a single, comprehensive framework that combines high-performance analytics in the cloud from Teradata with edge-connectivity services from GE Aviation.”

Aeromexico signed a 12-year $2.3 billion agreement with CFM Services to support a minimum of 128 LEAP-1B engines that power its fleet of Boeing 737 MAX 8 and MAX 9 airplanes.

And late last week, Aviation Capital Group LLC announced an order for LEAP-1B engines to power 20 additional Boeing 737 MAX aircraft and LEAP-1A engines to power 10 firm Airbus A320neo family aircraft, a $800 million order.

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“It has been a great year so far for CFM,” Gaël Méheust, president and chief executive of CFM, said in a release. “We just delivered the 1,000th LEAP engine, the fleet has logged more than 1.5 million flight hours, and we have the highest daily utilization in this thrust class.”

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Thomas Gnau is a business reporter who joined the Dayton Daily News in 2007. He has reported for daily newspapers in Ohio since 1991.