AIRASIA Bhd has sealed a US$1.5bil on-point solution engine service agreement with General Electric Co (GE) of the United States for the maintenance, overhaul and repair of the 129 CFM56-5B engines that will power the airline's new fleet of Airbus A320-200 aircraft. The agreement is for 20 years.
AirAsia had earlier concluded a US$750mil purchase agreement with CFM International for the CFM56-5B engines to power its A320s. CFM International is a 50:50 joint venture between France's Snecma and GE.
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