CFM International has announced that Colorful Guizhou Airlines has concluded a 12-year rate-per-fight-hour (RPFH) agreement for the LEAP-1A engines that will power the airline´s future fleet of up to 35 Airbus A320neo aircraft, the company said.
In conjunction with French President Emmanuel Macron´s state visit to China, Colorful Guizhou Airlines today finalized a 12-year Rate-Per-Flight-Hour (RPFH) Agreement for the LEAP-1A engines that will power the airline´s future fleet of up to 35 Airbus A320neo aircraft, along with five spare engines.
The agreement is valued at approximately USD 1.0 billion at list price.
RPFH agreements are part of CFM´s portfolio of flexible aftermarket support offerings. Under the terms of the agreement, CFM Services guarantees maintenance costs for the airlines LEAP-1A engines on a dollar per engine flight hour basis.
Colorful Guizhou Airlines has developed routes covering 31 cities in the provinces, North China, East China, South China, Central China and West China, and initially built a Guizhou-based, nationwide-oriented route network.
The LEAP engine is a product of CFM International, a 50/50 joint company between GE and Safran Aircraft Engines. This engine has experienced the fastest order ramp up in commercial aviation history and CFM has received orders and commitments for a total of more than 18,750 LEAP engines, including spares, across all three models through September 2019.