GE Wins Nod to Sell Engines for China’s New Aircraft

What’s New: General Electric Co. obtained a license Tuesday to sell LEAP-1C engines for China’s new home-grown passenger plane, Reuters reported.

The engines are made by a GE joint venture with France’s Safran SA for use in the Commercial Aircraft Corp. of China’s C919 single-aisle passenger jetliner now in flight tests.

GE received licenses for the LEAP engines since 2014 and was last granted one in March 2019. Such licenses are typically valid for four years with a defined quantity and value, according to the report.

Background: The license was issued as the U.S. weighs whether to block sales of GE-made jet engines to China amid trade and security frictions.

Earlier this year, senior U.S. officials were reportedly considering the ban, along with other restrictions on sales by U.S. and overseas suppliers to Huawei Technologies Co.

But President Donald Trump in February rejected such a move, saying he would like China to buy U.S.-made engines.

Quick Takes are condensed versions of China-related stories for fast news you can use. To read the full report, click here

Contact reporter Han Wei (weihan@caixin.com)

Related: Trump Rebukes His Hardliners, Blocks Curbs on China Sales