Zhejiang Loong Air signs LEAP-1A Rate-Per-Flight-Hour Agreement

Zhejiang Loong Air has signed a 12-year Rate-Per-Flight-Hour Agreement with CFM International for 32 firm and 8 option LEAP-1A engines powering the airline's leased fleet of Airbus A320neo/A321neo aircraft.

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.

As the launch customer of LEAP-1A in Greater China, we are satisfied with the engine's excellent operating performance since it entered into service last year. Loong Air is pleased to expand cooperation with CFM". We believe the professional aftermarket service from CFM will facilitate our rapid growth and long-term development.

Qihong Liu, chairman of Zhejiang Loong Air.
"We are honored to expand our already solid relationship with Loong Air," said Gaël Méheust, President and CEO of CFM International. "Loong Air has chosen CFM engines since its inception. Its current fleet in service is 100 percent powered by CFM engines. Today's maintenance agreement will help maintain the long-term value of its engines. We appreciate the trust of our customers, and we will continue to provide quality service and support as always."

Source: Safran S.A. (Paris: SAF.PA)
Date: Jun 17, 2019