Butler County company wins $3.2 billion jet order

Viva Air and CFM International have finalized Viva Air’s selection of CFM engines to power its fleet of Airbus A320 aircraft, CFM said Monday.

The order is valued at $3.2 billion list price, and it includes LEAP-1A new engines to power 35 A320neo aircraft, CFM56-5B new engines to power 15 A320ceo aircraft, and an aftermarket support contract for the LEAP-1A engines.

Deliveries of the A320ceo aircraft began in 2018; the first A320neo is scheduled for delivery in 2020.

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To support its A320neo fleet, Viva Air also signed a Rate Per Flight Hour agreement with CFM Services.

 

“Throughout the term of the 12-year agreement, CFM guarantees maintenance costs for the airline’s 70 LEAP-1A engines on a dollar-per-engine-flight-hour basis,” CFM said in an announcement.

“It is an historic day for Viva Air Group,” Félix Antelo, Viva Air chief executive, said in CFM’s release. “We are proud to announce this partnership with CFM International. LEAP-1A engines are the best option to power our 35 new A320neo aircraft.”

“It has been exciting to watch Viva Air grow over the last seven years and to be a part of this dynamic team,” said Chaker Chahrour, vice president and general manager of global sales and marketing for CFM parent company GE Aviation. “We appreciate the high level of confidence this agreement shows in CFM and we look forward to further strengthening this very special relationship in the years to come.”

A 50/50 joint company, West Chester Twp.-based CFM is owned by GE and French company Safran Group. CFM says the Leap engine is the fastest-selling in aviation history with more than 17,355 orders and commitments booked as of February 2019.

Viva Air is a group of low-cost airlines based in Colombia and Peru.

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