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CFM International secures US$9.1 billion deals from China
January 12th 2018
CFM International this week concluded agreements and Memorandums of Understanding (MoUs) for almost 500 engine orders and long-term support agreements from Chinese airlines. Read More » The total value of the agreements, signed during French President Emmanuel Macron’s visit to China, is US$9.1 billion at list prices.
Shanghai-headquartered budget carrier, Spring Airlines, finalized an agreement for the acquisition of 120 LEAP-1A engines to power 60 Airbus A320neo aircraft. In addition, the airline signed a 10-year Rate for Flight Hour agreement. CFM will support the entire fleet on a dollar per flight hour basis.
The total value of the agreement is US$2.9 billion. The engine order was announced at the 2017 Paris Air Show. The aircraft will be delivered to Spring Airlines in 2019-2023.
HNA Group’s Hainan Airlines completed a US$4.2 billion MoU covering new and spare LEAP-1A engines to power 55 incoming A320neo as well as long-term support agreements.
Xiamen Airlines agreed to a US$2.05 billion MoU that covers installed and spare engines along with a long-term Time and Materials support agreement.
