CFM lands another massive jet engine order

CFM International, a joint venture between GE (GE) and Safran (SAFRF), has landed another massive jet engine purchase following easyJet's (ESYJY) order for 270 engines covering 135 new aircraft. Details regarding the order remain confidential although the airline says it negotiated a reduced price.

"The engines will help easyJet to maintain its low cost base and the new generation A320neo is expected to deliver a cost per seat saving of between 11% and 12% compared to the current generation A319," says CEO Carolyn McCall.

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