AirAsia to buy aircraft engines for $1b

engineMalaysia-based low-budget carrier AirAsia will reportedly sign a $1 billion engine deal with French-American airline engine maker CFM International, The Star reported on June 13.

The deal would be signed at the Paris Air Show from June 17 to 23 in the French capital, the report said.

CFM International is a joint venture between GE Aviation, a division of US engineering giant General Electric and Snecma, a division of French company Safran S.A, a multinational aircraft and  rocket engine, aerospace component and security firm.

AirAsia would buy 60 engines in addition to the 80 engines it bought in 2012 for its A320 aircraft in a deal worth $1.6 billion. The 60 are part of the 100 additional A320 aircraft the low cost airline had ordered last in December 2012. With that order AirAsia has 475 narrow body aircraft on its order list with Airbus.

The carrier’s long-haul arm, AirAsia X, is set for an IPO at the Bursa Malaysia on July 10 that is supposed to raise up to $370 million.

Meanwhile, news have been breaking that AirAsia may exit from its two-year old joint venture with All Nippon Airways in AirAsia Japan due to “differences of opinion within the management.”



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Malaysia-based low-budget carrier AirAsia will reportedly sign a $1 billion engine deal with French-American airline engine maker CFM International, The Star reported on June 13. The deal would be signed at the Paris Air Show from June 17 to 23 in the French capital, the report said. CFM International is a joint venture between GE Aviation, a division of US engineering giant General Electric and Snecma, a division of French company Safran S.A, a multinational aircraft and  rocket engine, aerospace component and security firm. AirAsia would buy 60 engines in addition to the 80 engines it bought in 2012 for...

engineMalaysia-based low-budget carrier AirAsia will reportedly sign a $1 billion engine deal with French-American airline engine maker CFM International, The Star reported on June 13.

The deal would be signed at the Paris Air Show from June 17 to 23 in the French capital, the report said.

CFM International is a joint venture between GE Aviation, a division of US engineering giant General Electric and Snecma, a division of French company Safran S.A, a multinational aircraft and  rocket engine, aerospace component and security firm.

AirAsia would buy 60 engines in addition to the 80 engines it bought in 2012 for its A320 aircraft in a deal worth $1.6 billion. The 60 are part of the 100 additional A320 aircraft the low cost airline had ordered last in December 2012. With that order AirAsia has 475 narrow body aircraft on its order list with Airbus.

The carrier’s long-haul arm, AirAsia X, is set for an IPO at the Bursa Malaysia on July 10 that is supposed to raise up to $370 million.

Meanwhile, news have been breaking that AirAsia may exit from its two-year old joint venture with All Nippon Airways in AirAsia Japan due to “differences of opinion within the management.”



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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