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CFM bags deals worth US $275 million

by Sarah Cowell on Nov 17, 2009

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Tunisair and Libyan are the latest customers for the CFM56 engine (Roslan Rahman/AFP/Getty).
Tunisair and Libyan are the latest customers for the CFM56 engine (Roslan Rahman/AFP/Getty).

CFM’s good week continues with the announcement of two more Airshow deals worth a combined US $275 million.

The larger of the two transactions involves Tunisair, which has placed a US $180 million order for CFM56-5B engines to power ten A320 aircraft.

Deliveries are due to start in June 2010.

“Tunisair is pleased to announce the selection of the CFM56-5B/3 engines to power its new Airbus A320 aircraft,” said Nabil Chettaoui, president & CEO of Tunisair Group.

“With this firm acquisition of CFM engines, Tunisair intends to fulfill the operational and economic targets we have planned for the future.”

Libyan Airlines is also investing in the CFM56-5B engine, ordering US $95 million worth for use in new A320 planes. Delivery of the planes is due to start in mid-2010.

“We are pleased to announce the selection of the highly reliable CFM56-5B/3 engines to power this new Airbus A320 order,” said Capt Mohamed Ibsem, chief executive officer of Libyan Airlines.

“This acquisition is part of a major fleet development plan that will allow Libyan Airlines to expand its market presence in the region while keeping our overall cost of ownership in check.”

Earlier this week, CFM won a US $270 million engine order from Dubai Aerospace Enterprise.

CFM is a 50/50 joint venture between Snecma (Safran Group) and General Electric Company.

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