GE GE Aerospace

   By Gaurav Raghuvanshi 
 

SINGAPORE--VietJet Aviation Co. (VJET.YY) Wednesday said it has signed a deal worth US$300 million with engine manufacturer CFM International to maintain its jet engines.

CFM, a joint venture of GE Aviation, a division of General Electric Co., and Snecma, a division of Safran S.A. of France, will guarantee maintenance costs for 45 CFM56-5B engines for the next 12 years, according to a statement by VietJet.

The engines are fitted on VietJet's 21 Airbus Group N.V. A320 jets.

Earlier this year, the airline signed a separate US$800 million deal with CFM to buy 21 engines to power its new planes.

Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@wsj.com

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