Zhejiang Loong Air signs new contracts with CFM International at the Paris Air Show

China’s Zhejiang Loong Airlines has signed a Rate per Flight Hour (RPFH) agreement with CFM International to support its fleet of CFM56-5B engines. Under the terms of the 12-year agreement, which is valued at US$138m, CFM will guarantee maintenance costs for a total of 17 CFM56-5B engines on a dollar per engine flight hour basis. Zhejiang Loong Airlines, based in Hangzhou in Eastern China, began commercial operations in December 2013 with two CFM56-5B-powered Airbus A320 aircraft. Furthermore, the airline signed a long-term Rate per Flight Hour (RPFH) agreement to support its fleet of 20 LEAP-1A engines. Under the terms of the 15-year agreement, which is valued at US$333m, CFM will guarantee maintenance costs on a dollar per engine flight hour basis.