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GE and Partners Win $19 Billion in New Deals at Paris Air Show

The Paris Air Show will stay open to the public over the weekend, but the business part is over. GE and CFM International, GE’s joint company with France’s Snecma (Safran), reported a combined total of $19 billion in new business.

GE received orders valued at $5.4 billion, including orders for its new GE9X engine, which is currently in development. Testing on the engine is scheduled to begin next year.

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Top: The LEAP engine during testing. Image credit: CFM International Above: A GEnx engine on a new Vietnam Airlines Dreamliner. Image credit: GE Reports/Adam Senatori

CFM signed $14 billion in new deals for its latest LEAP family of engines, as well as the CFM56 model, which powers single-aisle jets, including many Boeing 737. The deals include orders, commitments and long-term service agreements.

To date, CFM has received orders for 9,550 LEAPs valued at $134 billion (list price).

“What a great show,” said Jean-Paul Ebanga, CFM president and CEO. “In just three days, we more than doubled our total orders for this year.”

GE Aviation’s Rick Kennedy explains GE’s new GE9X engine.

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