Pratt & Whitney, CFM Split $7.9 Billion Engine Orders From Asia
- GE Venture CFM wins $4.9 billion order from Lion Group
- United's Pratt & Whitney gets $3 billion contract from VietJet
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CFM International, a venture between General Electric Co. and Safran SA, and Pratt & Whitney split engine orders valued at $7.9 billion as Asian airlines selected power plants after a spree of jet orders over the past three years.
CFM secured a $4.9 billion order from Transportation Partners, the leasing arm of Lion Group, the engine maker said in a statement posted on its website Wednesday. Pratt & Whitney, a United Technologies Corp. company, secured a $3 billion contract from VietJet Aviation JSC, the airline said in an e-mailed statement.