Comair signs $160m agreement with CFM International | Fin24
 
  • Android Ban

    Top US tech giants have begun cutting off vital Huawei supplies.

  • Eskom Debt

    The power utility must collect what it is owed by municipalities, says Tito Mboweni.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.

Loading...

Comair signs $160m agreement with CFM International

Jul 17 2018 15:42

South Africa's private domestic airline operator Comair [JSE:COM] has signed an eight-year Rate Per Flight Hour (RPFH) agreement with CFM International to support its fleet of 16 CFM56-7B engines.

The agreement is valued at $160m 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.

Comair operates under its low-fare airline brand, kulula.com, as well as under the British Airways livery, as part of a license agreement.

“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.”

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.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

comair  |  airlines  |  aviation
NEXT ON FIN24X

 
 
 
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Do you think government can solve the Eskom crisis?

Previous results · Suggest a vote

Loading...