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GE And CFM Win $25 Billion In New Deals At Farnborough Airshow
CFM entered the show with orders and commitments for more than 10,800 next-generation LEAP jet engines, valued at $151 billion (U.S. list price), and the company won deals for at least 393 more. The company sold 565 engines valued at $8.2 billion. The tally includes its CFM56 engines and also business from undisclosed customers.
Top and above: A LEAP-powered Boeing 737 MAX made its public debut in Farnborough this week. Image credit: Adam Senatori for GE ReportsThe LEAP is the world’s first jet engine with 3D-printed fuel nozzles and parts made from space-age ceramics called ceramic matrix composites. The technologies make the LEAP 15 percent more fuel-efficient than other similar engines made by CFM. It’s also quieter and emits less pollution.
CFM designed the engine to power three types of aircraft: the Airbus A320neo, Boeing 737 MAX, and COMAC C919 planes.
The first LEAP-powered 737 MAX had its public debut at the show, and we had an opportunity to take a close look. (The reportage is here.) A LEAP-powered Airbus A320neo is scheduled to enter service this month in the livery of Turkey’s Pegasus Airlines.
GE received the balance of the total, including a $1.5 billion deal for its CF-34 engines from China’s COMAC and a $1.4 billion GEnx service deal with the large cargo carrier Volga-Dnepr Group. You can find the total deal breakdown here.
GE will service Volga-Dnepr's freighters like this brand new 747-8 jet powered by four GEnx jet engines. Image credit: Adam Senatori for GE Reports