HighPositive
Announced Tue, 21 Jul · 09:12 IST

IndiGo shares in focus on MoU with CFM International for over 1,000 LEAP engines

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

InterGlobe Aviation (IndiGo) signed an MoU with CFM International for over 1,000 LEAP engines, covering engine supply, MRO facility setup support, and a long-term spare parts agreement. CFM currently powers more than 375 Airbus A320/321 aircraft for IndiGo, and around 2,000 engines are on order. The deal underscores IndiGo's expansion plans and its 10-year partnership with CFM, with India being CFM's third-largest market.