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AIRSHOW-Safran says Hainan Airlines engine deal to be worth $1.3 bln

Reuters - UK Focus

FARNBOROUGH, England, July 16 (Reuters) - Safran said an order from China's Hainan Airlines to supply CFM International engines to power 50 Boeing (NYSE: BA - news) 737 MAX 8 planes will be worth $1.3 billion at list prices.

The carrier announced the commitment to buy the narrow-body planes at Farnborough Airshow earlier on Wednesday. The purchase is subject to approval from the Chinese government.

CFM is a joint venture between France's Safran (Paris: FR0000073272 - news) and General Electric. (Reporting by Victoria Bryan; Editing by Mark Potter)