BAHRAIN -- Middle East airline Gulf Air has signed a long-term agreement with CFM International for the maintenance of the airline’s LEAP-1A engines. The agreement is valued at just over $1 billion at list price.
Under the terms of this 10-year Rate per Flight Hour agreement, which covers a total of 65 LEAP-1A engines that the airline ordered in 2017, CFM will provide maintenance support for Gulf Air’s fleet on a dollar per 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. The company began commercial operations with the A320neo powered by LEAP-1A engines in August 2018.
Since entering commercial service in August 2016, the LEAP engine has accumulated more than 2 million flight hours with 77 operators worldwide and has provided a 96 percent daily utilization rate.