November 13, 2017
Gulf Air and CFM sign US$1.9bn LEAP-1A engine and services deal
Gulf Air and CFM International have signed an agreement for the purchase of 58 LEAP-1A engines to power 17 Airbus A321neo and 12 A320neo aircraft, as well as an additional seven spare engines to support fleet operations. The engine order is valued at approximately US$1.9bn at list price, including a long-term service agreement. The aircraft order was announced in January 2016.nTo support its fleet, the airline has signed a 10-year Rate Per Flight Hour (RPFH) agreement. Throughout the term of the agreement, CFM guarantees maintenance costs for all of Gulf Air’s LEAP-1A engines on a dollar per engine flight hour basis.