Paris 2011: Safran Supplements Virgin America’s $1.4 Billion Order for CFM Leap Engines with $400 Million Support Contract
Virgin America’s eve-of-Paris-show $1.4 billion order for CFM International Leap engines to power its 30 Airbus A320neo airliners provided validation of pa
Virgin America’s eve-of-Paris-show $1.4 billion order for CFM International Leap engines to power its 30 Airbus A320neo airliners provided validation of parent company Safran’s view that the aerospace market is well and truly back in growth mode. Yesterday, the airline gilded the deal with a $400 million contract for rate-per-hour support for the new-generation turbofans over 12 years in service.
“We are clearly out of the crisis that began three years ago,” Jean-Pierre Cojan, Safran’s executive v-p for strategy, told AIN. “Customers are producing aircraft at full capacity. We are working according to the aims of our programs and don’t see any negative turnaround between now and the end of 2012.”
