West Chester company wins $3.2 billion jet order

Latin American low-cost carrier selects 100 turbofan engines for 50 new Airbus jets

West Chester company wins $3.2 billion jet order
An engine supplier in the northern Cincinnati suburbs, CFM International, has won a $3.2 billion jet order with Viva Air, the company announced Monday. (Photo: Viva Air Twitter account)

WEST CHESTER TWP., OH (FOX19) - A company located in the northern Cincinnati suburbs has won a jet order valued at $3.2 billion.

CFM International of West Chester Township said Monday they have finalized the Latin American low-cost carrier Viva Air’s selection of CFM engines to power its fleet of Airbus A320 aircraft.

The order includes LEAP-1A new engines to power 35 A320neo aircraft, CFM56-5B new engines to power 15 A320ceo aircraft, and an aftermarket support contract for LEAP-1A engines, according to a prepared statement from CFM.

Viva Air is based in Colombia and Peru, created by Irelandia Aviation, developer leader of low-cost airlines worldwide.

It operates national and international flights in more than 21 destinations and in 2019 will carry 7.5 million passengers.

Viva Air has a strong expansion plan supported by the order of 50 new aircraft Airbus A320.

CFM56-5B and LEAP-1A engines are products of CFM International, a 50/50 joint company between GE and Safran Aircraft Engines.

The LEAP engine family is the fastest-selling in aviation history with more than 17,355 orders and commitments booked February, according to CFM.

“It has been exciting to watch Viva Air grow over the last seven years and to be a part of this dynamic team,” said Chaker Chahrour, vice president & general manager of Global Sales & Marketing for CFM parent company GE Aviation.

“We appreciate the high level of confidence this agreement shows in CFM and we look forward to further strengthening this very special relationship in the years to come. We believe the LEAP-1A engine is going to be an important element in Viva’s continued growth. We also believe the engine will prove to be a very valuable asset in terms of the fuel efficiency and industry-leading daily utilization it will bring to the new A320neo fleet.”

Félix Antelo, CEO of Viva Air, called the deal a “historic day for Viva Air Group.”

“We are proud to announce this partnership with CFM International. LEAP-1A engines are the best option to power our 35 new A320neo aircraft; they will bring us important savings in fuel and maintenance that will benefit our operation and mainly our passengers due to an efficient operation and more affordable prices.”

To support its A320neo fleet, Viva Air also signed a Rate Per Flight Hour (RPFH) agreement with CFM Services.

RPFH agreements are part of CFM’s portfolio of flexible aftermarket support offerings.

Throughout the term of the 12-year agreement, CFM said it will guarantee maintenance costs for the airlines 70 LEAP-1A engines on a dollar per engine flight hour basis.

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