SpiceJet, CFM sign US$12.5b engine, service deal
SpiceJet has signed a US$12.5b deal with CFM International for engines and a 10-year services contract for an incoming fleet of more than 150 Boeing 737 MAX aircraft. SpiceJet has agreed to buy the LEAP-1B engines and spare engines from CFM the two companies said March 10. The deal also includes a 10-year services contract for maintenance of the CFM engines, which will be billed on an hourly basis. The deal provides engines and maintenance that will underpin SpiceJet’s existing $22b order for 155 Boeing aircraft, marking the carrier’s biggest expansion plan yet. SpiceJet already deploys CFM engines in its current fleet. “From what we have seen so far, the LEAP-1B is living up to its promises for efficiency and reliability,” Ajay Singh, SpiceJet’s chairman and MD, said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-03-12/unaligned/spicejet-cfm-sign-us-12-5b-engine-service-deal
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SpiceJet, CFM sign US$12.5b engine, service deal
SpiceJet has signed a US$12.5b deal with CFM International for engines and a 10-year services contract for an incoming fleet of more than 150 Boeing 737 MAX aircraft. SpiceJet has agreed to buy the LEAP-1B engines and spare engines from CFM the two companies said March 10. The deal also includes a 10-year services contract for maintenance of the CFM engines, which will be billed on an hourly basis. The deal provides engines and maintenance that will underpin SpiceJet’s existing $22b order for 155 Boeing aircraft, marking the carrier’s biggest expansion plan yet. SpiceJet already deploys CFM engines in its current fleet. “From what we have seen so far, the LEAP-1B is living up to its promises for efficiency and reliability,” Ajay Singh, SpiceJet’s chairman and MD, said. <br/>
