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Rakesh Jhunjhunwala’s Akasa Air picks CFM’s LEAP-1B engines for its Boeing planes

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

The low-cost airline had placed an order for 72 Boeing 737 MAX jets on Tuesday, valued at nearly $9 billion at list prices.

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