SpiceJet and CFM International have inked a $12.5 billion agreement that finalizes the purchase of LEAP-1B engines to power a total of 155 Boeing 737 MAX airplanes, along with spare engines to support the fleet.
The airline has 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.
RPFH agreements are part of CFM’s portfolio of flexible aftermarket support offerings. Under the terms of the agreement, CFM guarantees maintenance costs for all SpiceJet’s LEAP-1B engines on a pay by hour basis.
SpiceJet is India’s favourite airline that has made flying affordable for more Indians than ever before. SpiceJet operates 408 average daily flights to 52 destinations, including 45 domestic and 7 international ones.