November 15, 2013
Pegasus seals $4.3bn deal with CFM
Pegasus Airlines has finalized its order for CFM International’s advanced LEAP-1A engine to power 100 Airbus A320neo/ A321neo aircraft. The agreement is valued at approximately $4.3bn at list price, including the long-term service agreement. Under the terms of the 20-year Rate per Flight Hour (RPFH) maintenance agreement, CFM will guarantee maintenance costs on a dollar per engine flight hour basis. The engine selection was announced in July 2013 and the airline is schedule to begin taking delivery of its new aircraft in 2016. The Istanbul-based low cost airline has been a CFM customer since it began operations in 1990. Today, the airline operates a fleet of 45 CFM-powered Boeing 737 aircraft on scheduled routes to 76 domestic and international destinations throughout Europe, Russia, Central Asia, Caucasus, the Middle East, and Africa.