Asiana places $950 million order for LEAP-1A engines for A321neo aircraft
- Includes long-term service agreement
- Will introduce new aircraft in 2019
FARNBOROUGH — 11 July 2016 — Asiana Airlines today announced that is has selected CFM International's LEAP-1A engine to power 25 A321neo (new engine option). The value of the order is $950 million U.S. at list price, including spare engines and a long-term support agreement. The aircraft order was announced in 2015.
To support the fleet, the airline signed a long-term Rate Per Flight Hour (RPFH) agreement under the terms of which CFM will provide maintenance support for the all of the LEAP-1A engines in Asiana's fleet on a dollar per engine flight hour basis.
Based in Seoul, Korea, Asiana Airlines has been a CFM customer since it commenced operations in 1988 with CFM56-3 powered Boeing 737 Classic aircraft.
"I believe that LEAP engine will deliver significant benefits to Asiana‘s A321neo fleet with its efficient and reliable operation. Also, our selection of the LEAP engine will be another great milestone to strengthen our important relationship with CFM International," said Mr. Soo Cheon Kim, president, Asiana Airlines.
"It is exciting to be part of such a dynamic team," said Jean-Paul Ebanga, president and CEO of CFM International. "The engine selection and management teams have done an outstanding job. It is a real privilege to see, first hand, the success Asiana Airlines continues to achieve. "
The LEAP-1A engine is on track for entry into service in mid-2016 and will provide operators with a 15 percent improvement in fuel efficiency, with an equivalent reduction in CO2 emissions; a 50 percent margin to new emissions regulations; a dramatically lower noise signature; and CFM's industry-leading reliability and low overall operating costs.
About Asiana Airlines
Since its foundation in 1988, Asiana Airlines has fully committed itself to providing its customers with innovative, world-class services. As a proud member of Star Alliance, Asiana Airlines has continued to maintain its 5-star rating by Skytrax for 9 consecutive years since the year of 2007 and also received the ‘Airline of the Year' award from Air Transport World (ATW) in 2009, Skytrax in 2010, Global Traveler in 2011 and Premier Traveler/Business Traveler in 2012. With only 28 years of history, Asiana Airlines has achieved a remarkable growth, operating 89 international passenger routes to 75 destinations in 24 countries. For cargo flights Asiana Airlines operates 26 routes to 28 cities in 12 counties. For more information, please visit http://kr.flyasiana.com/C/en/main.do
About CFM International
The LEAP engine is a product of CFM International, a 50/50 joint company between GE and Safran Aircraft Engines. This engine has experienced the fastest order ramp up in commercial aviation history and CFM has received orders for a total of more than 10,800 LEAP engines across all three models through June 2016. For more information, visit us at www.cfmaeroengines.com or follow us on Twitter @CFM_engines.