Aviation
SpiceJet inks $12.5 bn deal with CFM International for engines
New Delhi, March 10 : Low-cost public carrier SpiceJet on Saturday said it has signed a $12.5 billion deal with CFM International to purchase ‘LEAP-1B’ engines for 155 units of Boeing ‘737 MAX’ airplanes, along with spare engines to support the fleet.
CFM International is an aircraft engine developer, with 50:50 ownership of US-based General Electric and France-based Safran Aircraft Engines.
SpiceJet inks $12.5 bn deal with Safran for aircraft engines
“The airline also signed a 10-year rate per flight hour (RPFH) agreement with CFM Services that covers all LEAP-1B engines powering SpiceJet’s 737 MAX airplanes,” SpiceJet said in statement here.
Under the RPFH agreement, CFM International guarantees maintenance costs for all SpiceJet’s LEAP-1B engines on a pay by hour basis, it said.
“We are looking forward to introducing the new LEAP-1B into our fleet,” said Ajay Singh, SpiceJet’s Chairman and Managing Director, adding that LEAP-1B is living up to its promises for efficiency and reliability.
Aviation
Boeing, Antonov to Collaborate on Defense Projects
– MOU represents Boeing’s commitment to work with Ukrainian industry
– Includes exploring opportunities for collaborating on in-country support of Unmanned Aerial Systems
A Memorandum of Understanding was signed today by Boeing and Antonov Company to investigate potential collaboration on defense-related projects.
“We’re happy to keep collaborating with the Antonov Company to help Ukraine’s economic development and expansion,” stated Ted Colbert, CEO and president of Boeing Defence, Space, & Security.
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“This agreement demonstrates our ongoing efforts to find more opportunities to work with Ukrainian industry, which was underscored by our signing of the Ukrainian Defence Industry Compact earlier this year.”
The areas of potential collaboration identified in the agreement consist of training, logistical support and overhaul services for tactical Unmanned Aerial Systems utilized by the Ukrainian Armed Forces, which includes the ScanEagle. In addition, the companies will also explore opportunities for Antonov to provide engineering support to Boeing.
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“A strong, innovative, and efficient defense industry is key to sustainable economic development and national security, and we are extremely excited to collaborate with Boeing,” said Ievhen Gavrylov, CEO of Antonov Company.
This agreement brings a whole new level of opportunity to implement the latest and most effective solutions – in addition to the possibility of future projects with Boeing in the aerospace and defense industry.”
Boeing, Antonov to Collaborate on Defense Projects
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