Monarch Airlines announces preference for LEAP-powered 737 MAX for fleet replacement order

Monarch Airlines is finalizing terms and working towards a purchase agreement for 30 Boeing 737 MAX aircraft, to be powered by LEAP-1B engines. CFM values the engine order, when finalized, at $1.9bn at list price, including a long-term service agreement. Under the terms of the Rate per Flight Hour (RPFH) service agreement, CFM will guarantee maintenance costs for all 60 LEAP-1B engines on a dollar per engine flight hour basis.