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Safran SA and General Electric Co Joint Venture CFM Receives USD 8.6 Billion Order from AirAsia


Tuesday, 18 Jun 2013 08:00pm EDT 

Safran SA announced that AirAsia has ordered additional CFM LEAP-1A engines and CFM56-5B engines to power the 100 Airbus A320 aircraft it ordered in a deal announced last December and signed a comprehensive long-term service agreement to support its fleet with CFM International, 50/50 joint company between Snecma (Safran) and General Electric Co. The order, which comprises LEAP-1A engines to power 64 A32neos and CFM56-5B engines to power 36 A320ceo aircraft along with 5 CFM-56B spare engines and 9 LEAP-1A spare engines, is valued at USD 8.6 billion at list price, including a 20-year RPFH (Rate per Flight Hour) agreement, under the terms of which CFM will guarantee maintenance costs on a dollar per engine flight hour basis. 

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24 Dec 2014