SpiceJet signed a $12.5 billion deal with CFM International
Written by : SMTV24x7 | Sat, Mar 10, 2018, 11:56 PM
New Delhi, March 10: Low-cost public carrier SpiceJet on Saturday said it has signed a $12.5 billion deal with CFM International to purchase 'LEAP-1B' engines for 155 units of Boeing '737 MAX' airplanes, along with spare engines to support the fleet.
CFM International is an aircraft engine developer, with 50:50 ownership of US-based General Electric and France-based Safran Aircraft Engines.
"The airline also signed a 10-year rate per flight hour (RPFH) agreement with CFM Services that covers all LEAP-1B engines powering SpiceJet's 737 MAX airplanes," SpiceJet said in statement here.