Vietnamese carrier VietJetAir has agreed a $300m, 12-year maintenance contract with CFM International for the CFM56-5B engines on its fleet of 21 A320 aircraft.
Under the agreement, CFM will guarantee MRO costs for 45 CFM56-5B engines on a cost per flight hour basis.
"With this agreement, we are looking to CFM to help us keep our maintenance costs in check,” said Chu Viet Cuong, a member of VietJetAir’s board.
Ho Chi Minh City-headquartered VietJetAir has been a CFM customer since 2011 and operates 39 CFM56-5B engines.
The airline placed an $800m order for CFM56 engines for an additional 21 A320 family aircraft earlier this year.