None of these projects came to fruition, however, mainly because of excessive cabin noise (compared to turbofans) and low fuel prices.[43] For General Electric, the GE36 UDF was meant to replace the CFM56 high-bypass turbofan that it produced with equal partner Snecma in their CFM International joint venture. In the 1980s the engine was initially uncompetitive against the International Aero Engines rival offering, the IAE V2500. In December 1986, the chairman of Snecma declared that the in-development CFM56-5S2 would be the last turbofan created for the CFM56 family, and that "There is no point in spending more money on turbofans.