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 27^th. The next month, the aircraft engine was up and running and took its first flight to Penang, Malaysia on October 5^th, 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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