Al-Qahtani Aviation, parent company of SaudiGulf Airlines, and CFM International have signed a purchase agreement for LEAP-1A engines to power 10 firm, 10 option A320neo family aircraft that are scheduled to begin delivery in 2023.
The value of the agreement, which includes the firm engine order and a long-term service agreement, is more than US$1.0 billion U.S. at list price. The airline is also leasing an additional 20 LEAP-powered A320neo aircraft and plans to take its first aircraft in 2020.
To support the entire fleet, including the leased aircraft, the airline has also signed a 12-year Rate per Flight Hour agreement under the terms of which CFM will provide maintenance support on a dollar per flight hour basis.
