June 19, 2013
Hainan Airlines and CFM sign Long Term Service agreement
HNA Aviation Holding Company signed a long-term Rate per Flight Hour (RPFH) agreement with CFM International to support its fleet of CFM56-5B engines. Under the 15-year service agreement, CFM will provide maintenance, repair and overhaul (MRO) service and support for 84 CFM56-5B engines powering 42 Airbus A320s, along with eight spare engines. CFM will guarantee the maintenance cost on a dollar per engine flight hour basis over the life of the agreement.