GE trumpets 40-year jet engine venture to bolster Alstom bid

As General Electric (GE) tries to convince French leaders to back its offer to rescue engineering firm Alstom (ALO.PA), it hopes that three letters will convince them of its good will: CFM. Co-owned by GE and Snecma, a unit of French aerospace group Safran (SAF.PA), CFM has grown from a risky attempt to break into new civil markets into an aviation powerhouse with 26,000 units sold and a CFM-powered jet taking off every two seconds. General Electric Chief Executive Jeff Immelt brought up the engine supplier during a meeting with French President Francois Hollande to press GE's $13 billion offer on Monday, a person with knowledge of the discussions said. Immelt "stressed that CFM is an excellent example of co-operation", the person said, asking not to be identified.

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