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SpiceJet has signed an agreement with France’s Safran to buy aircraft engines worth $12.5 billion from its venture CFM International.
Under the agreement, SpiceJet will buy CFM International’s LEAP engines to power its 155 Boeing 737 MAX jets, along with spare engines to support the fleet.
CFM International is a joint venture between GE Aviation and Safran and supplies engines exclusively for Boeing 737 MAX.
Link Legal India Law Services was the sole Indian counsel on the deal, acting for SpiceJet. The team included Partner Durgesh Singh and Associates Kashish Arora and Rahul Dave.
CFM was represented by its in-house team and also by Safran’s and GE’s in-house team.