Friday, April 06, 2018

Link Legal advises on SpiceJet’s engine purchase

SpiceJet signed an agreement with France’s Safran to buy aircraft engines worth US$12.5 billion from its venture CFM International.

The deal was part of series of agreements executed between Indian and French companies during French President Emmanuel Macron’s visit to India.

The airline company 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 the Boeing 737 MAX.

Link Legal India Law Services was the sole Indian counsel 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 by Safran’s and GE’s in-house team.
06/04/18 India Business Law Journal