Weathering the Crisis Together

May 15, 2020

The COVID-19 pandemic is leaving an indelible mark on our world. The steep contraction of the commercial aviation market and the subsequent ripple through the supply chain is unlike anything we have ever experienced.

Worldwide traffic is down just over 75 percent compared to May 2019 and airlines have grounded more than two thirds of the world’s fleet.

From the beginning, CFM and its parent companies have made protecting the health and safety of employees and their families, our customers, and our suppliers the top priority.

In parallel, both GE and Safran Aircraft Engines continue to take steps to adapt to the current reality while ensuring that they are in position to respond quickly once the crisis is over.

One thing that has not changed, is our continued commitment to support our customers’ fleets through this unprecedented crisis. We are in contact with them daily to review individual situations and are working to maintain the highest levels of product support.

As challenging as things have been for the past few months, we are starting to see a glimmer of hope as economies take the first tentative steps to reopen. In China, for example, traffic is starting to recover, currently down about 45 percent from 2019 levels with 60 percent load factors. We are also starting to see early indications of improvement in other regions around the world, as well.

We are going to face many more challenges in the coming months but, as an industry, I believe we collectively represent some of the best and brightest minds in the world. Through resilience and creativity, commercial transport will return to where it was before this terrible pandemic struck. As with every other crisis we have faced, I have no doubt that aviation will emerge leaner, smarter, stronger and better than ever.

On behalf of the entire CFM Team worldwide, I wish you, your families, and your colleagues well.

Gaël Méheust
President & CEO
CFM International

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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 International produces the LEAP family of engines and supports LEAP and CFM56 fleets for operators worldwide. www.cfmaeroengines.com

Contact

Jamie Jewell,

+1 513 885 2282,

jamie.jewell@ge.com

Charles Soret,

+33 6.31.60.96.79,

charles.soret@safrangroup.com

Nick Hurm,

+1 513 484 4450,

nick.hurm@ge.com