Wednesday, July 2, 2014

Deal near on CFM engines

American Airlines Group is close to finalizing an order for 200 CFM International engines to equip 100 A320neo jetliners that the airline has on firm order, according to three people familiar with the matter. The deal, worth some $2.6 billion at list price, is a loss for Pratt and Whitney, a unit of United Technologies, which makes the other engine offered on the A320neo. CFM International is a joint venture between GE Aviation and Safran. (Source: Reuters, 07/02/14) Gulf Coast note: Airbus is building an A320 final assembly line in Mobile, Ala.; Safran has an engineering center in Mobile; GE Aviation has a jet engine parts manufacturing plant near Hattiesburg, Miss.; UTC has an operation in Foley, Ala.