October 15, 2014
Lion Group signs material support & MRO consultancy agreements with CFM International
Lion Group and CFM International signed a comprehensive Material Support Agreement for the airline’s substantial CFM fleet, as well as a consultancy agreement to support its planned engine maintenance and overhaul center in Indonesia. The long-term, multi-billion dollar agreement will cover nearly 1,000 CFM engines which Lion Air currently has in service or on order. Lion Group been a CFM customer since the year 2000 and has taken delivery of more than 100 CFM56-7B-powered Boeing 737 aircraft. In February, Lion placed a $1.2bn order for CFM56-5B engine to power 60 firm Airbus A320ceo (current engine option) aircraft. The agreement provides for the comprehensive repair and replacement of life-limited and non-life-limited parts for the CFM engines in the airline’s fleet, as well as providing Lion Air with technical data for component repairs and engine overhaul to assist their operations.