GE Aerospace signs deal covering 600+ engines

• GE Aerospace's CFM International joint venture signed a memorandum of understanding with Turkish Airlines covering the proposed purchase of more than 300 LEAP-1B engines, including spares.
• The proposed long-term services agreement covers more than 600 engines across Turkish Airlines and AJet, although the companies did not disclose the financial value.
• The agreement also includes material services to support a planned engine maintenance, repair and overhaul facility in Türkiye.

GE Aerospace (NYSE:GE), through its CFM International joint venture with Safran, signed an agreement in principle covering more than 300 LEAP-1B engines for Turkish Airlines' Boeing 737 MAX fleet.

The proposed purchase covers 100 firm aircraft orders and 50 options announced on September 23, while long-term services would cover more than 600 engines across Turkish Airlines and AJet.

"This MoU marks a new milestone in our successful relationship with Turkish Airlines," said Safran CEO Olivier Andriès.

The memorandum includes spare engines, previously delivered units, engines used on leased aircraft and material services supporting a planned maintenance, repair and overhaul facility in Türkiye.

GE Aerospace said the partnership would support Turkish Airlines' fleet expansion and maintenance capabilities, while the companies disclosed no transaction value and GE's post-announcement share-price reaction remained unverified.

CFM International is a 50/50 joint venture between GE Aerospace and Safran Aircraft Engines, producing LEAP and CFM56 engines for commercial aircraft operators worldwide.

CFM has delivered more than 10,000 LEAP engines, accumulating over 100 million flight hours, while pursuing durability upgrades and expanded maintenance capabilities across its global customer network.t.