Massive flynas Deal for CFM engines

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Saudi Arabia’s low-cost carrier, flynas, signed a letter of agreement with CFM International for the purchase of 160 LEAP-1A engines to power 80 Airbus A320neo aircraft, along with a long-term services agreement on a pay by-the-hour basis.  The ceremony on April 10 was attended by Chairman Ayed Al Jeaid and CEO Bander Al Mohanna of flynas along with and Philippe Couteaux, executive vice president of Sales and Marketing for CFM parent company Safran Aircraft Engines.

Once finalised, the engine purchase commitment and the services agreement are valued at $6.3 billion US at list price.  The aircraft order was announced in January 2017 and the first deliveries of the LEAP-1A-powered-A320neo are scheduled to begin by the end of this year.  Under the terms of the service agreement, CFM Services will guarantee maintenance cost on a dollar per flight hour basis.

“We are extremely pleased to begin a new chapter in our relationship with CFM International,” said Bander Al Mohanna, chief executive officer, NAS Holding Group.  “We look forward to introducing the LEAP-1A engine into our fleet to allow us to further optimize our operational efficiency.”

flynas has been a CFM customer since it began operations in 2007 with leased CFM56-5B-powered A320ceo. The Saudi carrier currently operates a fleet of 28 aircraft.

“It is an honour to extend our partnership with flynas by providing the LEAP-1A engine,” said Philippe Couteaux, executive vice president of Sales and Marketing for CFM parent

company Safran Aircraft Engines.  “We look forward to bringing them all the benefits of the advanced LEAP engine to its fleet as part of the airline’s continuous growth in the Middle East.”

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