LATAM selects CFM56-5B engines for A320ceo Family

LATAM Airlines Group signed a memorandum of understanding with CFM International to purchase CFM56-5B engines to power 25 firm A321ceo and five firm A320ceo aircraft, in additional to options for 20 additional Airbus A321ceo (current engine option) aircraft. Once finalized, the agreement will be valued at approximately $1.1bn at list price, including spare engines and a long term maintenance agreement. Under the terms of the rate per flight hour service agreement, CFM will guarantee engine maintenance costs on a dollar per engine flight hour basis.