Pegasus Signs $500 M Agreement With CFM
One of Turkey's leading low-cost carriers, Pegasus Airlines, has signed an eight-year Time & Materials Support agreement with CFM International to cover a total of 90 shop visits for the CFM56-7B engines powering its fleet of Boeing 737-800 aircraft. The agreement, which also includes the purchase for four spare engines, is valued at $500 million U.S. at list price.
The Istanbul-based low cost airline has been a CFM customer since it launched its charter flights in 1990. Today, the airline together with affiliates operates a fleet of 57 Boeing 737 and nine Airbus aircraft which are powered by CFM56 engines on scheduled routes to 103 domestic and international destinations throughout Europe, the Caucasus, Russia, the CIS countries, the Middle East, and North Africa.
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"We know from more than 25 years of experience the kind of world-class support CFM provides," said Sertac Haybat, CEO of Pegasus Airlines. "This new agreement will further help us maintain our CFM56 fleet to the highest standards."
"We are excited to enter this new phase in our relationship with Pegasus," said Jean-Paul Ebanga, president & CEO of CFM International. "They have done a great job building a modern, efficient fleet and, with this agreement, we can help them maintain that fleet to the highest standards, supporting their goals of continued growth and profitability."
Source : Safran S.A. (Paris: SAF.PA) - view original press release
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