In conjunction with French President Emmanuel Macron’s state visit to Saudi Arabia, flynas, the low-cost flag carrier, has finalized a multi-year Rate Per Flight Hour (RPFH) agreement with CFM International for the LEAP-1A engines powering the airline’s fleet of 80 Airbus A320neo aircraft. The support agreement is valued at US$4 billion at list price pertaining to the Letter Agreement for aircraft engine selection signed in 2018.
The ceremony was attended by senior officials of the French government, along with Chairman Ayed Aljeaid and CEO Bander Almohanna of flynas, along with and CFM Vice President of Sales & Marketing Philippe Couteaux.
RPFH agreement is a part of CFM’s portfolio of flexible aftermarket support offerings. Throughout the term of the agreement, CFM will guarantee maintenance costs for the airline’s 160 LEAP-1A engines on per engine flight hour basis.
Based in Riyadh, flynas currently operates both domestic and international flights with a modern fleet of 20 Airbus A320neo aircraft powered by the fuel-efficient LEAP-1A engines and 16 Airbus A320ceo aircraft powered by CFM56-5B engines. The airline has been named “Middle-East’s Leading Low-Cost Airline” by World Travel Awards six consecutive years starting in 2015, and also “Best Low-Cost Airline” by Skytrax World Airline Awards four consecutive year starting 2017 including “Most Improved Airline in the Middle-East” and also “Best Airline Staff in the Middle-East”.
“Flynas has been a long-standing, invaluable customer. It’s an honor to grow our relationship, and we’re confident CFM aftermarket services will help facilitate further growth for our customer, now and in the future," said Philippe Couteaux, vice president of Sales & Marketing for CFM International.
“The LEAP-1A engines have performed remarkably well in our fleet. We continue to see outstanding operational reliability and efficiency, and we’re delighted to strengthen our valued relationship with CFM.” Bander Al Mohanna, chief executive officer, NAS Holding Group added.
CFM’s advanced LEAP-1A engine continues to set new industry standards for fuel efficiency and asset utilization, logging more than twelve million engine flight hours in commercial operation. The fleet is providing over 15 percent better fuel consumption and lower CO2 emissions, as well as a significant improvement in noise compared to the best CFM56 engines.