Friday, July 28, 2006

GoAir to strike Rs 22.25 bn engine order with CFM

GoAir, the Wadia promoted low cost airline, plans to ink a deal worth Rs 22.25 billion with global jet engine manufacturer CFM International. The company will be acquiring 40 engines from CFM, reports Business Standard.
The airline is negotiating for two different types of jet engines for its Airbus A320 fleet. CFM International is a joint venture between Snecma of France and General Electric Company of the US.
GoAir Managing Director Jeh Wadia confirmed the negotiations were at an advanced stage. However, he also added that nothing has been finalised.
GoAir has recently signed a purchase agreement for 10 Airbus A320 family aircraft with an option for 10 more at Farnborough Air Show in London.
27/07/06 Myiris.com