GE/Safran wins $1.4B Virgin engine order

CFM International reported an aircraft engine order worth $1.4 billion from Virgin America, in a boost for the transatlantic joint-venture between Fairfield-based General Electric and France’s Safran, Reuters reports.

CFM has been trailing rival East Hartford jet-engine maker Pratt & Whitney Co. in a contest to supply engines for a revamped Airbus narrowbody jet, the A320neo, as well as new market entrants.

But the deal to power 30 twin-engined A320neo aircraft is the second firm sale for CFM after it won a minority share of a 100-plane order by leasing firm ILFC earlier this year.

Virgin America ordered the 30 A320neo aircraft in January along with 30 of the existing generation of A320 planes.

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The A320neo is a more efficient version of the best-selling 150-seat A320 plane and is due to enter service in 2015.

The engine deal comes just ahead of the Paris Air Show which runs from June 20 to 26.

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