Air Arabia selects CFM56-5B engines for A320s

Air Arabia (+0.6%) announced on Wednesday (21-Jul-2010) the selection of the CFM56-5B engine to power its 44 A320 family aircraft order announced in 2007. This new engine selection, which will more than double the airline's CFM56-5B powered A320 fleet, is valued at more than USD620 million at list prices.