STARLUX and CFM International concluded a long-term service agreement to support the airline's fleet of leased Airbus A321neo aircraft powered by the advanced LEAP-1A engine. The agreement, which includes the purchase of one spare engine, is valued at $220 million U.S.
Under the terms of the 12-year Rate per Flight Hour (RPFH) agreement, CFM Services provides maintenance on a dollar per flight hour basis for all LEAP-1A engines powering STARLUX's fleet of 10 A321neo aircraft. RPFH agreements are part of CFM's portfolio of flexible aftermarket support offerings.
"We are looking forward to introducing the new LEAP-1A into our fleet," said K.W Chang, Chairman & Founder, STARLUX. "One of the main challenges we face is to become one of the best airlines around the world, and we know that to achieve this we must strengthen our operation with this type of reliable engine to enhance efficiency and safety. We believe CFM provides us unmatched service while keeping our costs in check to ensure profitable operations."
"We are deeply honored that STARLUX has placed its trust in CFM," said Gaël Méheust, president & CEO of CFM International. "It has been exciting to watch the formation of this new airline and we believe it has a very bright future. We are proud to be such a big part of the start of this journey with STARLUX and we look forward to working closely with them to introduce the new LEAP engine into their fleet."