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Qatar Airways signs $4 bln CFM engine order [Reuters]

GE Aerospace (GE) 
Last ge aerospace earnings: 4/30 04:02 pm Check Earnings Report
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Company Research Source: Reuters
Qatar Airways signs $4 bln CFM engine order DUBAI, Nov 14 (Reuters) - Qatar Airways has placed a $4 billion jet engine order with CFM International to power its 50 Airbus A321neos. CFM, owned by General Electric and France’s Safran , will supply LEAP-1A engines for the A321neos ordered by the state-owned carrier. “We chose the LEAP engine based on its proven efficiency in commercial operations,” Qatar Airways Chief Executive Akbar al-Baker said in a statement on Wednesday. Qatar Airways ordered United Technologies Corp’s Pratt & Whitney engines for its initial order of A320neo jets which it upgraded in 2017 to the larger A321 version. The status of the Pratt & Whitney order was not immediately clear. Qatar Airways did not respond to a request for immediate comment. Qatar Airways threatened to walk away from the A320neo order in 2016, including cancelling the Pratt & Whitney deal, over performance issues before it eventually swapped it for the larger jets. (Reporting by Alexander Cornw Show less Read more
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