Delta Signs CFM56-5B Maintenance Contract with IndiGo
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy DAL?
In a post to its news hub, Delta stated: "Delta TechOpsis extending its position as a global leader in engine maintenance through an eight-year exclusive CFM56-5B maintenance contract with IndiGo, India's preferred airline. The partnership expands TechOps' industry-leading engine expertise into the world's third-largest aviation market, marking the first major collaboration between the two companies and a new presence for TechOps in India. Under the arrangement, TechOps is providing support for 20 engines powering IndiGo's A320ceo fleet, which joins a growing number of airlines that choose TechOps' deep CFM56 expertise, global Maintenance, Repair and Overhaul scale and operational capabilities to support high-utilization fleets."
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Analyst Views on DAL
Wall Street analysts forecast DAL stock price to rise
18 Analyst Rating
18 Buy
0 Hold
0 Sell
Strong Buy
Current: 68.370
Low
77.00
Averages
83.50
High
90.00
Current: 68.370
Low
77.00
Averages
83.50
High
90.00
About DAL
Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company has hubs and markets in Amsterdam, Atlanta, Bogota, Boston, Detroit, Lima, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St. Paul, New York-JFK and LaGuardia, Paris-Charles de Gaulle, Salt Lake City, Santiago (Chile), Sao Paulo, Seattle, Seoul-Incheon, and Tokyo. Its segments include Airline and Refinery. Its airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and includes its loyalty program, as well as other ancillary businesses. Its refinery segment operates for the benefit of the airline segment by providing jet fuel to the airline segment from its own production and through jet fuel obtained through agreements with third parties. The refinery's production consists of jet fuel as well as non-jet fuel products.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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