Gulf Air, CFM sign Us$1.9bn LEAP-1A en­gine and ser­vices deal

Daily Mirror (Sri Lanka) - - BUSINESS NEWS -

Gulf Air, the Kingdom of Bahrain’s na­tional car­rier, and CFM In­ter­na­tional have signed an agree­ment for the pur­chase of 58 LEAP-1A en­gines to power 17 Air­bus A321­neo and 12 A320­neo air­craft and an ad­di­tional seven spare en­gines to sup­port the op­er­a­tion.

The firm en­gine order is val­ued at ap­prox­i­mately US$1.9 bil­lion at list price, in­clud­ing a longterm ser­vice agree­ment. The air­craft order was an­nounced in Jan­uary 2016.

To sup­port its fleet, the air­line has also signed a 10-year Rate Per Flight Hour (RPFH) agree­ment. Through­out the term of the agree­ment, CFM guar­an­tees main­te­nance costs for all of Gulf Air’s LEAP-1A en­gines on a dol­lar per en­gine flight hour ba­sis.

Gulf Air has been a CFM cus­tomer since 1992 and cur­rently op­er­ates a fleet of 16 Air­bus A320ceo air­craft pow­ered by CFM56-5B en­gines. Go­ing for­ward, the air­line will wel­come 17 Air­bus A321­neo and 12 A320­neo air­craft along­side 10 Boe­ing Wide Body air­craft due for de­liv­ery com­menc­ing in early 2018. Gulf Air’s in­com­ing fleet will fa­cil­i­tate the longterm ex­pan­sion ca­pa­bil­i­ties for the air­line’s fu­ture net­work re­quire­ment. The mod­ern fleet will her­ald a new era for Gulf Air as it con­tin­ues to en­hance its prod­uct and ser­vice of­fer­ing.

Mark­ing the an­nounce­ment, Gulf Air Deputy Chief Ex­ec­u­tive Of­fi­cer­cap­tain Waleed Ab­dul­hameed Al Alalawi said: “CFM In­ter­na­tional are a key and long­stand­ing part­ner for Gulf Air, with whom the air­line has worked closely for over two decades. Our se­lec­tion of this en­gine for our in­com­ing Air­bus air­craft is sig­nif­i­cant, re­flect­ing the re­li­a­bil­ity and ex­per­tise af­forded by CFM prod­ucts. This is in­te­gral to our on­go­ing strate­gic de­vel­op­ment and I am pleased to call CFM In­ter­na­tional Gulf Air’s part­ner of choice as we move ahead with our long term plans to shape the fu­ture tra­jec­tory of our car­rier.”

“It is highly grat­i­fy­ing when an air­line of this stature makes your prod­ucts such an es­sen­tial part of its op­er­a­tions,” said CFM In­ter­na­tion­al­ceoand Pres­i­dent­gaël Méheust. “We are hon­oured to be a part of this team and to be a part of Gulf Air’s con­tin­ued growth and suc­cess. The CFM56-5B en­gines they cur­rently op­er­ate have per­formed very, very well over the years. We know that the LEAP-1A en­gines will bring even greater ben­e­fits and we can’t wait to help them in­duct this ad­vanced tech­nol­ogy into their fleet.”

The LEAP en­gine en­tered com­mer­cial ser­vice in Au­gust 2016 and is pro­vid­ing its more than 20 op­er­a­tors with a 15 per­cent im­prove­ment in fuel ef­fi­ciency, with an equiv­a­lent re­duc­tion in CO2 emis­sions; and lower noise and NOX emis­sions. To date, the fleet in ser­vice has logged more than 75,000 en­gine flight cy­cles and more than 350,000 en­gine flight hours while main­tain­ing CFM’S in­dus­try-lead­ing re­li­a­bil­ity.

Printed and pub­lished by Wijeya News­pa­pers Ltd. on Wed­nes­day Novem­ber 15, 2017 at No. 8, Hunupi­tiya Cross Road, Colombo 02

Gulf Air and CFM of­fi­cials at the agree­ment sign­ing

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