SpiceJet inks $12.5 bn deal with CFM International for engines

New Delhi March 10 (IANS) 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.

"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.

--IANS
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