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SpiceJet inks $12.5 bn deal with CFM International for engines

SpiceJet Q2

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.

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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.

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Dailyworld 

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He is an aviation journalist and the founder of Jetline Marvel. Dawal gained a comprehensive understanding of the commercial aviation industry.  He has worked in a range of roles for more than 9 years in the aviation and aerospace industry. He has written more than 1700 articles in the aerospace industry. When he was 19 years old, he received a national award for his general innovations and holds the patent. He completed two postgraduate degrees simultaneously, one in Aerospace and the other in Management. Additionally, he authored nearly six textbooks on aviation and aerospace tailored for students in various educational institutions. jetlinem4(at)gmail.com

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