silkair secures a $1 billion arrangement with cfm international
SilkAir Secures a $1 Billion Arrangement with CFM International
In early November of 2017, SilkAir, a branch of Singapore Airlines, secured a fifteen-year rate per flight arrangement with the joint venture group, CFM International.
This arrangement allows SilkAir to be able to handle their new LEAP-1B engines that will be inside their new Boeing 737 Max 8 aircrafts. CFM has a large fleet of these new aircrafts, totaling in at thirty-seven Boeing aircrafts. Their fifteen-year rate per flight agreement will have them slowly getting their new Boeing 737 Max 8 aircrafts all the way up until 2024.
SilkAir began receiving their new Boeing 737 MAX 8’s just this year, on September 27th. The next month, the aircraft engine was up and running and took its first flight to Penang, Malaysia on October 5th, 2017.
CFM’s rate per flight agreements are a helpful aid that is offered on an aftermarket basis. The terms of their contract with SilkAir state that they can without a doubt guarantee the upkeep cost for each of the new engines being used by SilkAir.
Right now, SilkAir has seventeen Boeing 737 aircrafts powered by CFM56-7B based out of Singapore and they are surely paving the way for many aircraft companies to come. Showing that stepping into the future of aircrafts is a sure-fire way to add interest to your brand.
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