CFM International [SEP] parent company
CFM International
CFM International is a joint venture between GE Aviation, a division of General Electric of the United States, and Safran Aircraft Engines (formerly known as Snecma), a division of Safran of France. The joint venture was formed to build and support the CFM56 series of turbofan engines.
The names of CFM International and the CFM56 product line are derived from the two parent companies' commercial engine designations: GE's CF6 and Snecma's M56.
The joint venture has delivered 30,700 engines to more than 570
. The GTF cost more than $10 billion to develop, and Rolls is facing financial difficulties which could be accelerated by being left out of the EU Clean Sky initiative as a result of Brexit. Both could join together, but have historically been moving in the opposite direction, as Rolls sold its 32.5% stake in International Aero Engines to Pratt parent United Technologies in 2011, essentially selling the ghost of the geared IAE SuperFan proposed for the A340 (supplanted in 1987 by the CFM56).
CFM International has also considered