Indian Airlines, CFM Sign MRO Joint Venture Agreement
Published on 21st February 2007
CFM International is a 50/50 joint company between Snecma (Safran Group) and General Electric Company.
This MoU defines the principles of a joint venture that will combine Indian Airlines experience in engine overhaul with that of CFM and its parent companies, to create a world-class maintenance and overhaul facility. The MRO shop will perform the full spectrum of services, from engine disassembly to piece parts and in-house component repairs for CFM56-5B and CFM56-7B engines.
"This is a landmark agreement that will benefit not just our fleet, but the aviation industry in India," said Dr Vishwapati Trivedi, chairman and managing director of Indian. "For Indian, it will mean significant savings, better engine turnaround time, and increased engine availability for operations."
"We are obviously very pleased with this agreement," said Eric Bachelet, president and CEO of CFM. "We are looking forward to becoming an integral part of the booming Indian aviation industry and to developing a long and fruitful relationship."
Indian Airlines, the government-owned flag-carrier of India, has ordered 43 CFM56-5B-powered Airbus A320 family aircraft and currently operates six A319s with the CFM56-5B engine. CFM is the world's leading supplier of commercial aircraft engines and there are more than 16,500 CFM56 engines in service with more than 460 operators around the world.
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About CFM International
ABOUT CFM INTERNATIONAL
A 50/50 joint venture between GE Aerospace and Safran Aircraft Engines, CFM International has redefined international cooperation and helped change the course of commercial aviation since its founding in 1974. Today, CFM is the world’s leading supplier of commercial aircraft engines with a product line that sets the industry standard for efficiency, reliability, durability, and optimized cost of ownership. CFM produces the LEAP family of engines and supports LEAP and CFM56 fleets for operators worldwide. For the future of air transport, CFM’s RISE program is accelerating development of new propulsion technologies that will pave the way for the next generation of aircraft. Discover more at www.cfmaeroengines.com