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Safran SA and General Electric Co Joint Venture CFM Announces Signature of Letter of Intent for Long-Term LEAP Services Agreement by SAS

Thursday, 20 Jun 2013 08:00pm EDT 

Safran SA announced that SAS has signed a Letter of Intent with CFM International (a Safran SA and General Electric Co joint venture) for the long-term support of its advanced LEAP-1A engines. In 2011, the airline selected the engine to power 30 firm Airbus A320neo aircraft and hold options on 11 additional airplanes. Under the terms of the 12-year Rate Per Flight Hour Agreement (RPFH), valued at USD 180 million, CFM will guarantee maintenance costs on a dollar per engine flight hour basis. 

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