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SpiceJet inks $12.5 bn deal with CFM International for engines

IANS  |  New Delhi 

Low-cost on Saturday said it has signed a $12.5 billion deal with to purchase 'LEAP-1B' engines for 155 units of '737 MAX' airplanes, along with spare engines to support the fleet.

is an engine developer, with 50:50 ownership of US-based and France-based Safran Engines.

"The also signed a 10-year rate per flight hour (RPFH) agreement with that covers all LEAP-1B engines powering SpiceJet's 737 MAX airplanes," said in statement here.

Under the RPFH agreement, 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.



(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Sat, March 10 2018. 19:44 IST