Republic Airways finalizes LEAP-1A engine order

Republic Airways Holdings has finalized its $2.0bn order for CFM International’s advanced LEAP-1A engines to power 20 Airbus A319neo and 60 Airbus A320neo aircraft.  At the same time, the airline has signed a Rate per Flight Hour (RPFH) agreement with CFM to support a total of 172 LEAP-1A engines.  Under the terms of the comprehensive services and support agreement, which is valued at approximately $3.9 billion over its 18-year term, CFM will guarantee engine maintenance costs on a dollar per engine flight hour basis.