Newsletter Subscription

Saturday, Sept 23, 2017

Arkia signs $200 million Leap-1A support agreement

  • To take first aircraft in 2018
  • One of CFM's newest customers

Arkia Israeli Airlines (Arkia) has signed a long-term Rate Per Flight Hour agreement with CFM International to support is fleet of advanced LEAP-1A engines that will power four Airbus A321neo.  The engine order was announced in April 2017; the aircraft order was announced in July 2012.

Under the terms of the 15-year agreement, valued at $200 million U.S. at list price, CFM will guarantee the maintenance costs of the LEAP-1A engines on a dollar per flight hour basis.
Based in Tel Aviv, Israel, Arkia is the country's second largest airline.  As a new CFM customer, it will be the first airline to operate the LEAP engine in Israel.

Related Research on
The Global Military Aircraft Engines Market 2017-2027

"We are pleased with our choice of the LEAP-1A engine and we are delighted to now extend the relationship to the long-term support of that fleet," said Nir Dagan, President & CEO of Arkia.  "Being able to have predictable maintenance costs is an important element in our long-term strategy and we are happy to have chosen CFM as our partner."

"We look forward to building a great relationship with Arkia," said Gaël Méheust, president and CEO of CFM International. "We believe they will be very happy with the benefits that the LEAP engine will bring to their operations and by the very high level of support that the CFM team will provide."

Source : Safran S.A. (Paris: SAF.PA) - view original press release

Published on ASDNews: Jun 21, 2017


Surface Warships USA Conference

Nov 1 - 2, 2017 - Washington, United States

Register More info

ITAR/EAR Boot Camp-2 days Seminar

Mar 14 - 15, 2018 - Denver, United States

Register More info

US Export Controls with REFORM CHANGES Seminar

Oct 30 - Nov 2, 2017 - Phoenix, United States

Register More info

© 2004-2017 • ASDNews • be the first to know • contact usterms & conditionsprivacy policyadvertisingfaqs