Beijing - On the occasion of French President Emmanuel Macron's visit to China, Chinese low-cost carrier Spring Airlines has confirmed an order with CFM International, a joint venture between French Safran and American General Electric, for 120 LEAP-1A engines.

Spring Airlines is finalizing a memorandum of understanding that was announced by the French-American engine manufacturer at the Paris Air Show 2017. The 120 LEAP-1A engines are intended to power 60 Airbus A320neo. In addition, CFM will provide support for the engine fleet for ten years.

The total amount of the agreement is valued by CFM International at $ 2.9 billion. CFM International has 5,000 engines in service or on order from 50 Chinese airlines.

Spring Airlines had ordered 60 Airbus A320neo in December 2015. The order was then converted into 45 A320neo and 15 A321neo, deliverable between 2019 and 2023.

These 60 new aircraft will allow Spring Airlines to nearly double its capacity compared to the level of December 31, 2014, and to open new routes.

Based in Shanghai and launched in 2005, Spring Airlines is an "all Airbus" (A320) operator.