AirAsia Signs $1.5 Billion Engine Service Deal With GE

Southeast Asian low-cost carrier AirAsia signed an engine service agreement with General Electric for the maintenance, overhaul and repair of 129 CFM56-5B engines that will be used on the airline's new fleet of Airbus A320-200 aircraft. The 20-year agreement is worth about $1.5 billion. The CFM56-5B...

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