CFM International secures provisional order for over 300 LEAP‑1B engines from Turkish Airlines
CFM International, the joint venture of GE Aerospace and Safran, announced a provisional agreement to supply Turkish Airlines with more than 300 LEAP‑1B engines. The engines will equip 100 confirmed and up to 50 optional Boeing 737 MAX aircraft. The deal also includes long‑term maintenance and support for Turkish Airlines' entire LEAP‑1B fleet and an engine MRO facility in Turkey. Financial terms were not disclosed.
Why it matters
The company said the order expands its commercial jet engine backlog and should support future revenue growth. GE Aerospace’s share price rose 1.62% to $312 following the announcement, reflecting market optimism about the contract.
Key facts
- 1CFM International received a provisional order for more than 300 LEAP‑1B engines. marketscreener.com
- 2The engines will power 100 firm and up to 50 optional Boeing 737 MAX aircraft for Turkish Airlines. rttnews.com
- 3The agreement covers long‑term services and support for an engine MRO facility in Turkey. rttnews.com
- 4GE Aerospace shares closed up 1.62% at $312 after the news. rttnews.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.