Vietjet, CFM Sign Agreement on Maintenance for CFM56-5B Engines

10:29:33 PM | 12/4/2014

Vietnam's Vietjet and CFM International, on November 24, signed a 12-year Rate Per Flight Hour agreement to support the airline’s Airbus 320 ceo fleet of 21 aircraft of CFM56-5B engines. The signing ceremony also welcomed Deputy Minister of Transport of Vietnam Mr Pham Quy Tieu, Vietnam Ambassador in France Mr Duong Chi Dung, and leaders of Vietjet and CFM.
 
Under the terms of the agreement, which is valued at US$300 million, CFM will guarantee maintenance costs for a total of 45 CFM56-5B engines on a dollar per engine flight hour basis and provide some spare engines for free.
 
Based in Ho Chi Minh City, Vietjet has been a CFM customer since it commenced operations in late 2011 with 18 leased CFM56-5B-powered A320 aircraft. Earlier this year, the airline placed an US$800 million order to purchase CFM56-5B engines to power 14 additional Airbus A320ceo (current engine option) and 7 A321ceo aircraft. As a result, the airline’s fleet of CFM56-5B engines is up to 39.
 
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