China's Hainan Airlines announced a $1.2 billion order Tuesday for CFM International's CFM56 engines to power a new fleet of 42 Airbus A320 aircraft. The agreement includes engines and a long-term services and support agreement. Deliveries are scheduled to begin in 2012.
The $1.2 billion is based on list price, although airlines typically get substantial discounts for large orders.
Hainan Airlines has been a customer of Evendale-based CFM since the airline began operations in 1993, when it took delivery of its first Boeing 737 aircraft.
CFM is a 50-50 joint venture of GE Aviation and France's Safran Group. The CFM engine cores are manufactured in Evendale.
The deal was announced at the Zhuhai Airshow in Zhuhai, China. China's COMAC aircraft company announced six launch orders for 100 of its C919 airliner at the same show Tuesday. COMAC had previously selected CFM's new Leap-X engine as the sole engine available on the C919 single-aisle passenger plane, which is in development.
It's scheduled to enter service in 2016, competing with Airbus's A320 family and Boeing's 737. CFM is the sole supplier of engines for the 737 and one of two suppliers for the A320.
Also Tuesday, Air China confirmed a previous order for CFM56 engines to power 20 A320s. The order was initially announced in July at the Farnborough Air Show in Britain. It's valued at about $300 million at list price.
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