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SAS Signs LOI for Long-Term LEAP Services Agreement - 12-year term valued at $180 million U.S - Snecma.fr
SAS Signs LOI for Long-Term LEAP Services Agreement

 

PRZOOM - /newswire/ - Le Bourget Airport, France, 2013/06/20 - 12-year term valued at $180 million U.S - Snecma.fr. PAR: SAF | SAFRAN

   
 
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SAS today announced that it has signed a Letter of Intent with CFM International for the long-term support of its advanced LEAP-1A engines. In 2011, the airline selected the engine to power 30 firm Airbus A320neo aircraft and hold options on 11 additional airplanes.

Under the terms of the 12-year Rate Per Flight Hour Agreement (RPFH), valued at $180 million U.S., CFM will guarantee maintenance costs on a dollar per engine flight hour basis.

SAS, the multi-national carrier of Sweden, Norway and Denmark, operates scheduled flights to nearly 100destinations throughout Scandinavia, Europe, Asia, and the U.S. with a fleet of 140 aircraft. The SAS currently operates a fleet of nearly 100 CFM-powered aircraft and owns a total of nearly 200 CFM56 engines. As a major European airline, SAS has long been at the forefront of adopting technologies that reduce the impact of aviation on the environment, as well as choosing efficient engines to power its fleet.

About CFM
LEAP engines are a product of CFM International is a 50/50 joint company between Snecma (Safran) and GE and the world’s largest supplier of commercial aircraft engines. To date, more than 25,000 CFM56 engines have been delivered to more than 500 operators around the globe. This fleet has achieved more than 635 million flight hours as the most reliable engines in the air.

Contacts:
Jamie Jewell
T: 513.552.2790 / M: 513.885.2282

Rick Kennedy
T: 513.243.3372 / M: 513.607.0609
E: rick.l.kennedy[.]ge.com.

 
 
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Agency / Source: Safran Group

 
 

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SAS Signs LOI for Long-Term LEAP Services Agreement

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Safran Group | Airbus A320neo
Contact: Giulia Lecarrié - Snecma.fr 
+33(0)1 69 87 09 29 / +33(0)6 42 40 17 19 giulia.lecarrie[.]snecma.fr
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Safran Group securities in any jurisdiction including any other companies listed or named in this release.

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