Zhejiang Loong Air signs Service agreement for CFM LEAP-1A engines

Was the Chinese launch customer for LEAP-1A

LE BOURGET — 15 June 2015 — China's Zhejiang Loong Airlines has signed a long-term Rate per Flight Hour (RPFH) agreement with CFM International to support its fleet of 20 LEAP-1A engines. 

Under the terms of the 15-year agreement, which is valued at $333 million U.S., CFM will guarantee maintenance costs on a dollar per engine flight hour basis. 

Zhejiang Loong Airlines, based in Hangzhou in Eastern China, began commercial operations in December 2013 with two CFM56-5B-powered Airbus A320 aircraft and has since added eight additional airplanes to its fleet.

"We are very pleased to expand our relationship with CFM," said Liu Qihong, chairman of Zhejiang Loong Airlines. "We chose the LEAP engine because of its fuel efficiency, which will not only keep our costs in check but also help production the environment with fewer emissions. We look forward to introducing it into our fleet."

"We are honored to continue our association with Loong Air," said Jean-Paul Ebanga, president and CEO of CFM International. "We believe that the LEAP engine will prove to be a great asset to their fleet and this agreement will help ensure the long-term value of that asset." 

LEAP engines are designed to provide double-digit improvements in fuel consumption and CO2 emissions compared to today's best CFM engine, along with dramatic reductions in engine noise and emissions. All this technology brings with it CFM's legendary reliability and low maintenance costs. 

About CFM International

LEAP engines are products of CFM International, a 50/50 joint company between Snecma (Safran) and GE. CFM is the world's leading supplier of commercial aircraft engines. The company has received orders and commitments for a total of more than 8,900 LEAP engines to date. _ For more information, visit us at www.cfmaeroengines.com

For more information, contact: 

Jamie Jewell

T: 513.552.2790

M: 513.885.2282

jamie.jewell@ge.com Rick Kennedy

T: 513.243.3372

M: 513.607.0609

rick.l.kennedy@ge.com

Giulia Lecarrié

T: 33.1.69.87.09.29

M: 33.6.42.40.17.19

giulia.lecarrie@snecma.fr

www.cfmaeroengines.com

Safran is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Group has 69,000 employees and generated sales of 15.4 billion euros in 2014. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. The Group invests heavily in Research & Development to meet the requirements of changing markets, including expenditures of 2 billion euros in 2014. Safran is listed on Euronext Paris and is part of the CAC40 index.

 

For more information, www.safran-group.com  / Follow @SAFRAN on Twitter

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