Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,927.2542.75
Stock Analysis, IPO, Mutual Funds, Bonds & More

IndiGo drops Pratt for CFM's jet engines in $20 billion order

Amid troubles with Pratt & Whitney’s gear turbofan engines, IndiGo will become the third airline in India to use CFM engines for its neo fleet after Vistara and Air India

ET Bureau|
Updated: Jun 18, 2019, 07.32 AM IST
0Comments
BCCL
Indigo-bccl
IndiGo has a fleet of over 230 aircraft.
NEW DELHI: IndiGo announced an order worth $20 billion to source engines from CFM International to power the Airbus A320neo and A321neo aircraft set to join its fleet, changing its main engine supplier as problems with Pratt & Whitney’s geared turbofan engines continued to impact the airline’s Airbus 320neo (new engine option) planes.

The deal is for CFM’s LEAP-1A engines, and includes spare engines and an overhaul support agreement, Indi-Go said in a news release on Monday.

“To support its new LEAP-1A fleet, IndiGo also signed a long-term service agreement,” it added.

The order that IndiGo announced is at list price, on which manufacturers often give huge discounts.

IndiGo has been a customer of USbased CFM since 2016 and currently operates 17A320ceo aircraft powered by the CFM56-5B engines, as part of a total fleet of 215 A320/A321 family of aircraft.

Delivery of the first LEAP-1Apowered A320neo is scheduled to arrive in 2020, the release added.

“The CFM LEAP engine will allow IndiGo to maintain its strong focus on lowering operating costs and delivering fuel efficiency with high standards of reliability,” Riyaz Peermohamed, the chief aircraft acquisition and financing officer at IndiGo, said in the release.

With this order, IndiGo will become the third airline in the country that will use CFM’s engines for its neo fleet.

Air India and Vistara operate their Airbus 320neo fleet with these engines.

“We are fully committed to helping IndiGo optimise its operations by providing them with the industry-leading asset utilisation, fuel efficiency, and overall cost of ownership,” said Gaël Méheust, CFM’s president and CEO.
Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service