CFM Receives $5+ billion in New Orders, Materials Agreements at Farnborough Air Show; TRUEngine Program A Great Success

FARNBOROUGH --- CFM International booked orders for 540 new CFM56-5B and CFM56-7B engines during the 2008 Farnborough Air Show, in addition to inking a materials and service agreement with ST Aerospace. These agreements are valued at more than $5 billion U.S. CFM56 engines are produced by CFM International, a 50/50 joint company between Snecma (SAFRAN Group) and General Electric Company. The company has just announced the extension of the relationship agreement through the year 2040. CFM International (CFM) has inked a series of agreements with Singapore Technologies Aerospace Ltd. (ST Aerospace) valued at $1.5 billion U.S. in support of ST Aerospace’s CFM56-3, CFM56-5B and CFM56-7B maintenance, repair and overhaul (MRO) operations. These agreements include a comprehensive 10-year materials services agreement that encompasses component repairs and the provision of both new and used serviceable materials for life-limited and non-life limited parts for the CFM56 engine. In addition, CFM International also launched the TRUEngine designation to help the industry more accurately appraise used CFM56 engines and to enhance the resale value of these assets. This designation is available to all CFM56 engines meeting the criteria. To date, more than 1,600 engines from Continental Airlines, Southwest Airlines, and KLM Royal Dutch Airlines have been granted TRUEngine status.