Air Transport World

French government.(Europe report)(Brief Article)

French government intends to move forward on long-discussed plans for a partial spinoff of 97%-state-owned aerospace manufacturing giant Snecma.

Finance Minister Nicolas Sarkozy told parliament that the transaction will occur "before summer," according to the Associated Press. Snecma Group includes the namesake engine builder, which is a 50/50 partner with GE in CFM International and a significant participant in the GE90. …

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