Regulatory Disclosure Details

Key Transaction Details

MoU Signing Date: July 20, 2026

Parties Involved: IndiGo (India's largest airline) and CFM International (50/50 joint venture between GE Aerospace and Safran Aircraft Engines)

Order Specifications:

  • Engine Type: LEAP-1A engines
  • Quantity: 1,000+ engines
  • Aircraft: To power 510 Airbus A320neo Family aircraft
  • Significance: Largest single order ever placed for LEAP engines and a record for CFM International

Additional Agreement Components

The MoU includes:

  • CFM's extensive support in establishing IndiGo's upcoming engine MRO facility (maintenance, repair and overhaul)
  • Long-term material services agreement including supply of spare parts
  • Support for IndiGo's rapidly growing fleet to ensure high dispatch reliability, predictable costs, and world-class support

Executive Commentary

Willie Walsh, Chief Executive Officer Designate, IndiGo:

  • Stated IndiGo is extending its long-standing partnership with CFM International for engines powering future deliveries of Airbus A320/321neo Family aircraft fleet
  • Noted CFM has been a trusted partner since 2016, supporting a fleet that now exceeds 375 A320/321 Family aircraft
  • Emphasized LEAP engine's industry-leading proven reliability makes it ideal for supporting scale, operational resilience and sustainability ambitions

H. Lawrence Culp, Jr., Chairman and Chief Executive Officer at GE Aerospace:

  • Mentioned LEAP engines deliver up to twice the time on wing in hot and harsh operating environments than when they entered service
  • Highlighted GE Aerospace's 40+ years of support for India's aviation sector with strong installed base, manufacturing in Pune, local supplier network, and advanced engineering in Bengaluru

Olivier Andriès, Chief Executive Officer of Safran:

  • Described the agreement as a historic milestone reflecting long-standing partnership between IndiGo and CFM
  • Emphasized India's strategic importance as one of the world's fastest-growing aviation markets
  • Noted Safran's continued investments in India, particularly in LEAP engine production and MRO capabilities

Historical Context and Market Position

IndiGo-CFM Relationship Timeline:

  • 2016: IndiGo operated subfleet of Airbus A320ceo Family aircraft powered by CFM56-5B engines
  • 2019: Deepened relationship with CFM, ordering LEAP-1A engines for newest fleet of Airbus A320/321neo Family aircraft
  • 2026: Current MoU signed for 1,000+ LEAP-1A engines

CFM's India Presence:

  • India is CFM's third-largest market
  • Five Indian carriers operate more than 400 LEAP-powered aircraft
  • 2,000 engines currently on order from Indian carriers

Safran MRO Facility:

  • Inaugurated largest MRO center for LEAP engine last year
  • 45,000-square-meter facility
  • Capacity ramp up to 300 LEAP shop visits per year
  • Features next-generation test bench