Colorful Guizhou Airlines has finalized a 12-year Rate-Per-Flight-Hour (RPFH) agreement for LEAP-1A engines that will power the airline’s future fleet of up to 35 Airbus A320neo aircraft, along with five spare engines. The agreement is valued at approximately US$1.0 billion at list price. The contract was signed in conjunction with French President Emmanuel Macron’s state visit to China.
RPFH agreements are part of CFM’s portfolio of flexible aftermarket support offerings. Under the terms of the agreement, CFM Services guarantees maintenance costs for the airlines LEAP-1A engines on a dollar-per-engine flight-hour basis.
Established in June 2015, Colorful Guizhou Airlines is one of the fastest-growing airlines among the newly established airlines. Since its inception on December 31, 2015, it has developed routes covering 31 cities in the provinces, North China, East China, South China, Central China and West China, and initially built a “Guizhou-based, nationwide-oriented” route network.
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