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Important news
在线翻译:
szdaily -> Important news
SPRING AIRLINES INKS $2.9B DEAL FOR FRENCH ENGINES
    2018-January-11  08:53    Shenzhen Daily

Han Ximin

ximhan@126.com

SPRING Airlines signed an agreement with France’s Safran Aircraft Engines in Beijing on Tuesday to procure 126 LEAP-1A engines from Safran’s joint venture, CFM International, to power its 60 new Airbus aircraft.

The order is scheduled to be delivered between 2019 and 2023.

The US$2.9 billion deal is the largest transaction among the deals signed by the French trade delegation headed by French President Emmanuel Macron, who wrapped up a three-day state visit to China yesterday.

Spring Airlines, the first low-cost private carrier headquartered in Shanghai, has been a CFM customer since it launched operations in 2005. According to the company, fuel generally takes up 30 percent of the operation cost and the use of LEAP-1A engines will be crucial for cost saving.

The company operates over 200 domestic routes and has 10 overseas operation bases.

Macron was on a state visit to China between Monday and yesterday at Chinese President Xi Jinping’s invitation.

The two presidents agreed to advance the two countries’ comprehensive strategic partnership during their talks in Beijing on Tuesday.

Xi stressed that the two countries should give full play to the political leading role of the head of state diplomacy, and promote communication between governments, legislative organs, political parties, and the military of the two countries.

“Both sides should accommodate each other’s core interests and major concerns, and properly handle differences in order to make sure the bilateral ties develop steadily on the right track,” Xi said.

The two heads of state also witnessed the signing of documents on bilateral cooperation in areas including nuclear energy, environmental protection and finance.

Also on Tuesday, a Chinese nuclear power operator signed an agreement with a French energy organization to deepen cooperation on nuclear power technology.

The deal, between China General Nuclear Power Corp. (CGN) and the French Alternative Energy and Atomic Energy Commission (CEA), focuses on areas such as nuclear reactor technology, advanced fuels and materials, and nuclear fuel cycles.

Under the agreement, CGN and CEA will deepen cooperation in the upstream and downstream nuclear power industry chain, including reactor life management and the concept design of the fourth-generation nuclear energy technology.

Another French nuclear and renewable energy group, New AREVA, announced Tuesday that it had signed a memorandum of commercial agreement with China National Nuclear Corp. in Beijing on a nuclear reprocessing project during Macron’s visit.

The project will build a Chinese recycling plant capable of reprocessing 800 tons of used fuel per year.

 

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