Long-term support for Next-Generation 737 aircraft fleet
South Africa's private domestic airline operator, JSE-listed Comair Limited, has signed an eight-year Rate Per Flight Hour (RPFH) agreement to support is fleet of 16 CFM56-7B engines. The agreement is valued at $160 million U.S. at list price.
RPFH agreements are part of CFM Services flexible support offering. Under the terms of the agreement, CFM will support the fleet on a dollar per flight hour basis.
"This is the first time we have signed a long-term support agreement with CFM for any of our engines," said Erik Venter, CEO of Comair. "Our decision to make this commitment was based on our trust in CFM quality and to help us manage our fleet by making our costs more predictable."
Founded in 1946, Comair (JSE: COM), a major private aviation player in South Africa, has successfully been operating local and regional services, within Southern Africa for more than seven decades.
Comair has been a CFM customer since 2001. In 2014, Comair became the first African airline to order the LEAP-1B-powered Boeing 737 MAX with an order for eight airplanes.