Posted on: 18 June 2019 by Kimberley Young
The low-cost Indian airline IndiGo has placed an order for CFM International LEAP-1A engines to power 280 Airbus A320neo and A321neo aircraft, in a contract valued at more than US$20 billion at list prices.
The contract includes spare engines and an overhaul support agreement and to support its new LEAP-1A fleet, IndiGo also signed a long-term Service Agreement. Delivery of the first LEAP-1A-powered A320neo is scheduled in 2020.
“We are pleased to partner with CFM for our next batch of Airbus A320neo and A321neo aircraft,” commented Riyaz Peermohamed, chief aircraft acquisition and financing officer of IndiGo. “The CFM LEAP engine will allow IndiGo to maintain its strong focus on lowering operating costs and delivering fuel efficiency with high standards of reliability. This new partnership will allow IndiGo to continue to provide affordable fares to its customers.”
IndiGo has been a CFM customer since 2016, and currently operates a fleet of 17 A320ceo aircraft powered by CFM56-5B engines, as part of a total fleet of 215 A320/A321 family aircraft.
“We are honored by IndiGo’s renewed trust in CFM,” said Gaël Méheust, president and CEO of CFM International. “We believe they made the right choice by selecting the advanced LEAP engine for their A320neo family aircraft. It is our job now, by word and by deed, to show them every day that they have.
Méheust said since the LEAP engine entered service in 2016 it has “delivered on every promise we made to our customers when we launched the program in 2008” and continued, “We are fully committed to helping IndiGo optimize its operations by providing them with the industry-leading asset utilization, fuel efficiency, and overall cost of ownership. “