Hainan Airlines Holding Co., Ltd. has announced it has signed two memorandums of understanding (MOUs) with General Electric (GE) worth approximately USD 79 million, to buy two types of engines from the American multinational conglomerate, the company said.
Hainan Airlines said it has had a friendly partnership with GE in place for a long time and looks forward to continued win-win cooperation.
GE said it the first engine producer to cooperate with Hainan Airlines. Over the past 25 years, GE has been involved in several comprehensive strategic collaborations with the Chinese airline. The MOUs signed with Hainan Airlines today are expected to further strengthen the already longstanding cooperation between both companies.