(The following press release from GE Aviation was received by e-mail. The
sender verified the statement.)
SAS Signs LOI for Long-Term LEAP Services Agreement
* 12-year term valued at $180 million U.S.
LE BOURGET, France - 20 June 2013 - SAS today announced that it has signed a
Letter of Intent with CFM International for the long-term support of its
advanced LEAP-1A engines. In 2011, the airline selected the engine to power 30
firm Airbus A320neo aircraft and hold options on 11 additional airplanes.
Under the terms of the 12-year Rate Per Flight Hour Agreement (RPFH), valued at
$180 million U.S., CFM will guarantee maintenance costs on a dollar per engine
flight hour basis.
SAS, the multi-national carrier of Sweden, Norway and Denmark, operates
scheduled flights to nearly 100destinations throughout Scandinavia, Europe,
Asia, and the U.S. with a fleet of 140 aircraft. The SAS currently operates a
fleet of nearly 100 CFM-powered aircraft and owns a total of nearly 200 CFM56
engines. As a major European airline, SAS has long been at the forefront of
adopting technologies that reduce the impact of aviation on the environment, as
well as choosing efficient engines to power its fleet.
LEAP engines are a product of CFM International is a 50/50 joint company
between Snecma (Safran) and GE and the world's largest supplier of commercial
aircraft engines. To date, more than 25,000 CFM56 engines have been delivered
to more than 500 operators around the globe. This fleet has achieved more than
635 million flight hours as the most reliable engines in the air.
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