WEST CHESTER, Ohio - The Cathay Pacific Group and CFM International have finalized an order for the advanced LEAP-1A engine to power the Group’s 32 new Airbus A321neo aircraft. The engine order is valued at nearly $1 billion at list price, with delivery scheduled from 2020.
The aircraft will be operated by Cathay Dragon, the regional carrier of the Group, replacing and modernizing its existing single-aisle fleet of 15 A320s and eight A321s, while supporting the airline’s continued expansion in the Asia-Pacific region.
The Group has also signed a long-term Rate per Flight Hour (RPFH) maintenance agreement with CFM International. Under the terms of the agreement, CFM will guarantee maintenance costs on a dollar per engine flight hour basis.
The LEAP engine family has had an exceptional entry into commercial service with 18 customers currently operating more than 85 aircraft on four continents. Overall, the fleet has logged nearly 150,000 flight cycles and 300,000 flight hours while maintaining CFM’s industry-leading reliability and the highest utilization rate in this thrust class.
The LEAP is providing operators a 15 percent improvement in fuel consumption and CO2 emissions compared to today’s best CFM56 engine, along with dramatic reductions in engine noise. All this technology is focused on providing better utilization, including CFM’s legendary reliability out of the box; greater asset availability; enhanced time on wing margins to help keep maintenance costs low; and minimized maintenance actions, all supported by sophisticated analytics that enable CFM to provide tailored, predictive maintenance over the life of the product.
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