Pegasus Airlines Firms $4.3bn CFM Order

Pegasus Airlines has finalised its order with CFM for the LEAP-1A engine, which will power its 100 A320neo and A321neo aircraft. The agreement is valued at approximately $4.3bn at list prices, including a 20-year rate per flight hour (RPFH) maintenance agreement. CFM will guarantee maintenance costs on a dollar per engine flight hour basis. “With this order, we have now increased our total Airbus fleet investment to $16.3bn — $12bn for 100 new aircraft and $4.3bn for the engines and long-term service agreement,” Haybat explained. “Based on the delivery schedule for the fleet, our partnership with CFM will continue at least until the year 2042.” The airline is schedule to begin taking delivery of its new aircraft in 2016.

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