Turkish Airlines Signs Deal for Over 300 CFM LEAP-1B Engines
CFM International, a joint venture between GE Aerospace (NYSE:GE) and Safran SA (OTC:SAFRY), signed a memorandum of understanding with Turkish Airlines (BIST:THYAO) to supply more than 300 LEAP-1B engines. The order will power 100 firm and 50 optional Boeing 737 MAX aircraft that the carrier selected last month. Financial details were not disclosed.
The agreement also includes a comprehensive long-term services deal covering Turkish Airlines' full LEAP-1B engine fleet, including current aircraft and spare parts. In total, the arrangement covers more than 600 engines across the flag carrier and its subsidiary, AJet. Turkish Airlines Chairman Murat Seker stated that the contract strengthens their partnership with CFM while expanding the airline's internal maintenance capabilities.
Investors will be watching how quickly these agreements move toward firm deliveries and how the long-term maintenance contract supports fleet efficiency. Turkish Airlines currently operates 79 Boeing 737 MAX jets using LEAP-1B engines and 96 older 737 Next Generation planes powered by CFM56-7B engines.
Key points
- CFM International signed an agreement to supply Turkish Airlines with over 300 LEAP-1B engines.
- The engines will power up to 150 Boeing 737 MAX aircraft, including 100 firm orders and 50 options.
- A long-term service agreement will cover more than 600 LEAP-1B engines for Turkish Airlines and AJet.
- Financial terms for the engine purchase and service agreements were not disclosed.
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How we writeDisclaimerQuestions and answers
How many engines is Turkish Airlines buying from CFM International?
Turkish Airlines signed an agreement to purchase more than 300 LEAP-1B engines to power 100 firm and 50 optional new Boeing 737 MAX jets.
What is CFM International?
CFM International is a joint venture between GE Aerospace and Safran SA that manufactures jet engines, including the LEAP-1B.
Does the Turkish Airlines deal include maintenance services?
Yes, the agreement includes a long-term services contract covering more than 600 LEAP-1B engines operated by Turkish Airlines and its AJet subsidiary.