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Pegasus Signs $500 Million Agreement with CFM - Pegasus Airlines, has signed an eight-year Time & Materials Support agreement with CFM International to cover a total of 90 shop visits for the CFM56-7B engines powering its fleet of Boeing 737-800 aircraft - FlyPgs.com / CFMAeroEngines.com
Pegasus Signs $500 Million Agreement with CFM

 

PRZOOM - /newswire/ - Dubai, UAE, United Arab Emirates, 2015/11/09 - Pegasus Airlines, has signed an eight-year Time & Materials Support agreement with CFM International to cover a total of 90 shop visits for the CFM56-7B engines powering its fleet of Boeing 737-800 aircraft - FlyPgs.com / CFMAeroEngines.com. PAR: SAF | SAFRAN

   
 
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One of Turkey's leading low-cost carriers, Pegasus Airlines, has signed an eight-year Time & Materials Support agreement with CFM International to cover a total of 90 shop visits for the CFM56-7B engines powering its fleet of Boeing 737-800 aircraft. The agreement, which also includes the purchase for four spare engines, is valued at $500 million U.S. at list price.

The Istanbul-based low cost airline has been a CFM customer since it launched its charter flights in 1990. Today, the airline together with affiliates operates a fleet of 57 Boeing 737 and nine Airbus aircraft which are powered by CFM56 engines on scheduled routes to 103 domestic and international destinations throughout Europe, the Caucasus, Russia, the CIS countries, the Middle East, and North Africa.

"We know from more than 25 years of experience the kind of world-class support CFM provides," said Sertac Haybat, CEO of Pegasus Airlines. "This new agreement will further help us maintain our CFM56 fleet to the highest standards."

"We are excited to enter this new phase in our relationship with Pegasus," said Jean-Paul Ebanga, president & CEO of CFM International. "They have done a great job building a modern, efficient fleet and, with this agreement, we can help them maintain that fleet to the highest standards, supporting their goals of continued growth and profitability."

Contacts:
Jamie Jewell
P: 513-552-2790 / M: 513-885-2282
E: jamie.jewell[.]ge.com

Rick Kennedy
P: 513-243-3372 / M: 513-607-0609
E: rick.l.kennedy[.]ge.com.

About CFM
CFM56 engines are a product of CFM International, a 50/50 joint company between Snecma (Safran) and GE and the world's leading supplier of commercial aircraft engines. The company has delivered nearly 28,700 engines to more than 550 operators around the globe. The CFM56 fleet has logged more than 770 million flight hours as the most reliable engines in the air.

About Pegasus Airlines
As one of Turkey's leading low-cost carriers, Pegasus offers its guests affordable, on-time flights with a young fleet under the auspices of its low-cost model. Pegasus Airlines (flypgs.com) flies schedule services to 33 destinations in Turkey and 70 in the rest of the world, with a total network of 103 destinations in 40 countries. Due to its continuous expansion, Pegasus was named "The Fastest Growing Airline" of Europe's major scheduled airlines in terms of seat capacity for 2011, 2012 and 2013 by the Official Airline Guide (OAG).

About CFM International
The CFM56 and LEAP engines are products of CFM International (cfmaeroengines.com), a 50/50 joint company between Snecma (Safran) and GE. CFM is the world's leading supplier of commercial aircraft engines, with more than 27,200 delivered as of December 31, 2014 to more than 530 operators around the globe. The company CFM officially launched the LEAP engine, which is its first all-new centerline engine in nearly 40 years, in 2008.

The LEAP engine promises to bring double-digit improvements in fuel efficiency, emissions and noise, while the legendary reliability and low cost of ownership of its predecessor, the ubiquitous maintaining CFM56 engine family. The LEAP-1A is an engine as an option on the A320neo family; and the LEAP-1C engine is the sole Western powerplant for the COMAC C919; and the LEAP-1B is the sole powerplant for Boeing's new 737 MAX.

 
 
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Pegasus Signs $500 Million Agreement with CFM

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CFM International | Pegasus Airlines
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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