$11bn of engine deals – US Senate committee told AA-US deal is bad for competition and people start to push new covenants

At the Paris air show the MoUs and LoIs have been coming in fast with older ones firming up. All manufacturers have seen good action this week. ATR has had a real result and most will say after the event that this was the 787-10 show but in reality it is GE that has had all the running. Yesterday’s $8.6 billion deal with AirAsia was a showstopper without doubt. The carrier ordered additional LEAP 1-A engines, CFM56-5B engines and spares to power 100 Airbus A320 planes already on order. The deal also includes a 20-year service agreement for GE Aviation