The 2019 Paris Air Show has been one for the records books for GE and CFM International, a 50-50 joint venture between GE and Safran Aircraft Engines. As of Tuesday, the companies have won deals valued at more than $50 billion. But the show wasn’t only about the money. It was also about technology and engineering.
On Monday afternoon at the Paris Air Show, jet engine maker CFM International said it signed the largest single jet engine order in history to supply fast-growing Indian carrier IndiGo with its LEAP-1A engines and services — a deal valued at more than $20 billion at list price.
The Paris Air Show kicked off this weekend with a briefing for journalists — or at least that’s how the jet engine maker CFM International got things going. To CFM, this year’s show is special. Eleven years ago, in 2008, the company announced in a hotel conference room just off the Avenue des Champs-Élysées that it would build a revolutionary new jet engine called the LEAP. Speaking in the same room on Saturday, Gaël Méheust, CFM's president and CEO, told reporters that the jet engine was “delivering on what we promised.”
GE and its partners have received more than $31 billion in new business at the show, which opened Monday. The bulk of those orders are for a new family of LEAP jet engines with 3D-printed fuel nozzles. The LEAP engine was developed by CFM International, a 50-50 joint venture between GE and France’s Safran Aircraft Engines.