Safran Boss Says 'CFM Plans To Produce, On Average, 10 LEAP Engines A Week For The Boeing 737 MAX This Year'
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March 2, 2020 - by Doug Cameron and Thomas Gryta for wsj.com
Boeing Co. has agreed to cover payments for jet engines made for its grounded 737 MAX, easing the burden of the production delay on suppliers General Electric Co. and France's Safran SA.
The MAX jet is powered by LEAP-1B engines made by CFM, a joint venture of the two companies.
Executives at Safran disclosed the Boeing agreement, reached this week, during the French company's earnings call on Thursday.
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