Farnborough Air Show: GE, Safran extend CFM partnership through 2040

Aerospace majors, GE and Snecma parent Safran Group, have signed an agreement to extend their hugely successful CFM International partnership through 2040 for engines in the 18,000-50,000-lb.-thrust class.

The original framework agreement was signed in 1974 and is scheduled to expire in 2015. The partnership has so far led to the creation of a number of world's best-selling jet engines.

"We are more satisfied than we have ever been with the cooperation," new GE Aviation president and CEO David Joyce told the media.

Both the companies are extending their relationship on new-build engines and will make "integrated services offerings" for the LEAP-X engine.