Manama (Bahrain) – 15 November 2018 – Middle East airline Gulf Air and CFM International have reached a long-term agreement for the maintenance of LEAP-1A engines. This agreement is valued at just over US $ 1 billion at list price.
Under the terms of this 10-year Rate per Flight Hour agreements, CFM will provide Gulf Air with maintenance on a dollar per flight hour basis covering the 58 LEAP-1A engines, plus 7 additional spare engines. In January 2016, Gulf Air announced an order for 17 Airbus A321neo and 12 A320neo aircraft.
Gulf Air has been a CFM customer since 1992 and currently operates a fleet of 16 Airbus A320ceo aircraft powered by CFM56-5B engines. The company began commercial operations with the A320neo powered by LEAP-1A engines in August 2018.
"We are excited to expand our long-term partnership with CFM, which has been a key partner in our development for more than 25 years," said Mr. Krešimir Kučko, CEO of Gulf Air. We are extremely pleased with the LEAP engine we recently introduced into our fleet. This engine will allow us to continue to improve our commercial offer, while optimizing our operating costs.”
"We are very honored by the confidence Gulf Air has placed in," said Gaël Meheust. This company is a major player in the growth of air transport in the Middle East and we believe that the introduction of the LEAP engine will allow them to go even further in terms of efficiency. "
Since entering into service in August 2016, the LEAP engine has accumulated more than 2 million flight hours and offers a 96% utilization rate, with more than 77 operators worldwide.