CFM $4.2 billion MoU for LEAP-1A

to 47 airplanes a month during the year and began delivering the new 737 MAX, contributing to a record 529 deliveries, including 74 of the MAX variety. On the 787 Dreamliner programme, Boeing continued building at the highest production rate for a twin-aisle jet, leading to 136 deliveries for the year.

Hainan Airlines Holding Co., Ltd, a subsidiary of HNA Group, has signed a Memorandum of Understanding (MOU) with CFM International for the purchase of LEAP-1A engines to power 55 Airbus A320neo aircraft, along with a long-term support agreement for Hainan Airlines Holding and its affiliates. The MOU is valued at $4.2 billion US. The LEAP engine entered commercial service in August 2016 and is providing its 30 operators with a 15 percent improvement in fuel efficiency, with an equivalent reduction in Co emissions; and lower noise and NOx emissions. To date, the fleet in service has logged more than 250,000 engine flight cycles and 500,000 engine flight hours “while maintaining CFM’s industry-leading reliability.”