Engine maker CFM eyes record orders in 2014

Sun Jul 13, 2014 9:05am EDT
 
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FARNBOROUGH England (Reuters) - CFM International expects another record year for engine orders, its chief executive said on Sunday, adding the company, which earlier in the day announced an order from American Airlines (AAL.O: Quote), had bid for an engine deal with easyJet EZJ.L.

"When we see the number of orders already achieved at this time of year and when we compare this figure with the previous year ... then we are about to achieve another record year in 2014," Jean-Paul Ebanga told journalists at an event ahead of the Farnborough air show, which runs from July 14-20.

CFM, a joint venture between Safran (SAF.PA: Quote) and GE (GE.N: Quote), has garnered orders for 2,071 engines so far in 2014 to the end of June, driven by its new Leap engine for the Airbus (AIR.PA: Quote) A320neo and the Boeing (BA.N: Quote) 737 Max narrow-body planes.

It last year pulled in orders for 2,723 engines.

It earlier reported it had been picked by American Airlines to provide engines for 100 Airbus A320neo jets the airline has on order, in a deal worth $2.6 billion at list prices.

When asked about media reports that easyJet was poised to order CFM engines to power 100 A320neo planes, Ebanga told Reuters CFM had made an offer to the low cost carrier, but that it was up to the airline to decide now.

CFM competes with Pratt & Whitney, a division of United Technologies Corp (UTX.N: Quote), to supply engines for the A320neo.

Ebanga highlighted CFM had provided the engines for easyJet's first Boeing planes and that the airline was its biggest customer for the CFM56-5B engine.

"We have grown up with them, we hope the adventure will continue," he said.   Continued...

 
A visitor leaves a meeting room at the CFM International booth next to a LEAP high-bypass turbofan engine at the Singapore Airshow February 13, 2014.  REUTERS/Edgar Su