Republic Airways Places $2.0 Billion LEAP Engine Order
LE BOURGET, France – 22 June 2011 – Republic Airways Holdings, the parent company of U.S.-based Frontier Airlines, today announced that it has select CFM International's advanced LEAP-X1A to power a total of 80 Airbus A320neo aircraft announced earlier today. The engine order, which is for all 40 A319neo and all 40 A320neo aircraft in the deal, is valued at more than $2.0 billion U.S. at list price.
"We are pleased to have selected the LEAP-X1A engine to power our A320neo family of aircraft and to continue our long standing relationship with CFM," said Bryan Bedford, chairman, president, and CEO of Republic Airways. "This engine will deliver improved fuel efficiency while carrying on the CFM legacy of reliable and durable operation."
"We are very pleased to continue our long relationship with Republic airways," said Kevin McAllister, vice president of sales for CFM International. "And we are excited to bring all the benefit of reliable LEAP technology to their operations."
LEAP engines incorporate revolutionary technologies never before seen in the single-aisle aircraft segment. The new engine combines advanced aerodynamic design techniques, lighter, more durable materials, and leading-edge environmental technologies, making it a major breakthrough in engine technology. The 15 percent better engine fuel efficiency*, at current fuel prices, translates to as much as $1.6 million in fuel cost savings alone for customers per airplane, per year. LEAP technology will also achieve double-digit improvements in CO2 emissions and noise levels, all while providing the industry's best reliability and lowest maintenance costs.
LEAP is a product of CFM International, a 50/50 joint company between Snecma (Safran group) and GE. CFM is the world's leading supplier of commercial aircraft engines, with more than 22,200 delivered to 500+ operators around the globe.
About Republic Airways Holdings:
Republic Airways Holdings, based in Indianapolis, Indiana is an airline holding company that owns Chautauqua Airlines, Frontier Airlines, Lynx Aviation, Republic Airlines and Shuttle America, collectively "the airlines." The airlines offer scheduled passenger service on approximately 1,500 flights daily to 129 cities in 40 states, Canada, Costa Rica, and Mexico under branded operations at Frontier and through fixed-fee airline services agreements with five major U.S. airlines. The fixed-fee flights are operated under an airline partner brand, such as AmericanConnection, Continental Express, Delta Connection, United Express, and US Airways Express. The airlines currently employ approximately 11,000 aviation professionals and operate 275 aircraft.
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