Sky Airline signs MOU for LEAP-1A Rate Per Flight Hour agreement

Chile’s Sky Airline has signed a Memorandum of Understanding for a 12-year Rate Per Flight Hour (RFPH) agreement with CFM International to support the LEAP-1A engines that will power the airline’s new fleet of 21 leased Airbus A320neo aircraft. The agreement is valued at about $600 million U.S., including spare engines. The leased aircraft are scheduled for delivery between 2018 and 2021. Under the terms of the RPFH maintenance agreement, CFM will provide engine maintenance on a dollar per engine flight hour basis. The LEAP engine family has had an exceptional entry into commercial service with more than 26 customers currently operating more than 140 aircraft on four continents. Overall, the fleet has logged more than 210,000 flight cycles and 430,000 flight hours while maintaining CFM’s industry-leading reliability and the highest utilization rate in this thrust class.