IndiGo places USD 20-bn order for LEAP 1-A engines with US-based CFM International

Image
Press Trust of India New Delhi
Last Updated : Jun 17 2019 | 9:20 PM IST

Budget carrier IndiGo Monday announced that it has placed a 20-billion order for LEAP-1A engines with US-based CFM International to power its future fleet of 280 narrow body aircraft.

The decision to go with CFM engines for its future fleet has come as IndiGo has been facing problems for the last three years in its current A320neo aircraft fleet, which are powered by Pratt & Whitney engines.

CFM International and Pratt & Whitney, both headquartered in the US, are competitors in the aircraft engine market.

Calling it the "largest ever single engine order in history", IndiGo said Monday that "delivery of the first LEAP-1A-powered A320neo is scheduled in 2020."
CFM International is a 50-50 joint venture between US-based GE and France-based Safran Aircraft Engines. Alexandre Ziegler, Ambassador of France to India, tweeted, "Congrats to CFM International and IndiGo on the largest ever single engine order in history!"
Riyaz Peermohamed, Chief Aircraft Acquisition and Financing Officer of IndiGo, said, "We are pleased to partner with CFM for our next batch of Airbus A320neo and A321neo aircraft."
IndiGo said in its statement, "The contract, which includes spare engines and an overhaul support agreement, is valued at more than USD 20 billion US at list price. To support its new LEAP-1A fleet, IndiGo has also signed a long-term service agreement."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 17 2019 | 9:20 PM IST

Next Story