Rakesh Jhunjhunwala-backed airline inks deal with engine maker CFM International

Billionaire investor Rakesh Jhunjhunwala-backed low-cost airline Akasa Air on Wednesday said it has bought CFM International for its LEAP-1B engines in a deal worth about $4.5 billion at list price to power the 737 MAX airplanes it recently bought. signed an agreement with.

Mr. Jhunjhunwala-backed Akasa Air had on Tuesday ordered 72 Boeing 737 MAX jets worth about $9 billion at list prices.

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