SINGAPORE: CFM International aims to grow Asia business to 25% share

Singapore
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Engine maker CFM International foresees that Asia will make up to a quarter of its business in 2018 as it ramps up production.

The company produced more than 1,300 engines last year and could ramp this up to 1,800 in six years' time if the industry's fleet growth is sustained.

Asia, which accounts for about 18% of the company's business, is expected to make up about 25% of its business in 2018, said Chaker Chahrour, CFM International's executive vice-president.

CFM International won orders and commitments for 4,056 engines in 2011, worth $51.7 billion in total. It currently has a backlog of 9,300 engines, said the manufacturer's president Jean-Paul Ebanga.