Share

AirAsia in $8.6bn engine deal

Kuala Lumpur - Fast-growing budget carrier AirAsia said Thursday it had ordered 100 engines worth $8.6bn from manufacturer CFM International to power Airbus A320 airliners ordered last year.

The deal inked Wednesday in France includes 64 new LEAP-1A engines for fuel-efficient A320 neo jets, the Malaysia-based carrier said in a statement.

Asia's largest budget carrier by fleet size said the order also includes a 20-year service agreement.

CFM - a joint venture between GE Aviation of the United States, and France's Safran - says the LEAP engines provide up to 15% better fuel efficiency.

AirAsia ordered 100 A320s for $9.3bn in December.

Airbus said at the time that the deal made AirAsia the biggest customer for single-aisle A320 airliners in the world, with a total of 475.

The airline serves about 70 destinations in 20 countries across Asia.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.96
-0.1%
Rand - Pound
23.92
-0.1%
Rand - Euro
20.43
+0.0%
Rand - Aus dollar
12.35
-0.0%
Rand - Yen
0.13
-0.1%
Platinum
908.05
+1.2%
Palladium
1,014.94
+1.3%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent Crude
87.00
+1.8%
Top 40
68,346
0.0%
All Share
74,536
0.0%
Resource 10
57,251
0.0%
Industrial 25
103,936
0.0%
Financial 15
16,502
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders