GE Aircraft Engines last week signed a memorandum of understanding with Xian Aero Engine (XAE), making the Chinese manufacturer a revenue-sharing partner in the CF34-3 programme. XAE already produces parts for the CF34-3, the turbofan engine powering Bombardier CRJ100/200s and some Challenger business jet aircraft, but this is the first time that XAE has become a revenue-sharing partner on a GE engine. XAE chairman and president Ma Fuan says that the two parties expect to sign a formal agreement in November and the revenue-sharing programme will last 30 years. XAE is part of the Chinese aircraft manufacturing conglomerate AVIC I, which also controls Xian Aircraft .
Source: Flight International