Reuters: American Airlines, CFM close to $2.6B deal

|About: American Airlines Group (AAL)|By:, SA News Editor

Reuters reports American Airlines (AAL) is close to completing a $2.6B engine order from CFM International, a joint venture between GE (GE) and Safran (SAFRF). The 200 new engines will be placed on new Airbus A320neo jetliners that the company has on a firm order.

The purchase will mark a loss for United Technologies' (UTX) Pratt and Whitney unit, the only other engine maker for the A320neo.

AAL +0.1% AH