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With a value of 8.5 billion dollars .. Saudi Airlines concludes an agreement with the French “CFM International”

Saudi Arabian Airlines signs an agreement with France’s CFM International

On Saturday, Saudi Airlines announced that it had concluded an agreement with the French “CFM International” worth $8.5 billion (32 billion riyals) at listed prices.

The Saudi Arabian Airlines Corporation signed an agreement with CFM International, a manufacturer of aircraft engines, in conjunction with President Emmanuel Macron’s visit to Saudi Arabia.

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The agreement aims to purchase LEAP-A1 engines to power Saudia’s new fleet of Airbus aircraft, which consists of 35 A321 neo aircraft expected to arrive successively as of 2022, and 30 A 320 neo aircraft.

The agreement also included a contract for maintenance and long-term services, in addition to 20 other leased A320neo aircraft. The value of this agreement is estimated at about 32 billion riyals.

From its headquarters in Jeddah, Saudi Arabian Airlines operates 61 A 320 ceo aircraft equipped with CFM56-5B engines, 11 A 320 ceo aircraft equipped with CFM56-5B engines, and 5 A 320 neo aircraft with LEAP – A1 engines.

The Director General of Saudi Airlines, Ibrahim bin Abdul Rahman Al-Omar, stated that CFM will provide the engineering support required to localize these capabilities and enhance the company’s expertise in the fields of maintenance, repair and packaging, and enable it to ensure its full capacity to support maintenance work for Saudi Airlines and flyadeal engines as a first stage.

For his part, Executive Vice President of Sales and Marketing at CFM Philip Cotto said: “We are honored by the confidence that Saudi Airlines gives us in choosing our products and services, and I assure that we are always committed to providing the highest quality standards and strive to provide added value to the operations of Saudi Airlines and flyadeal.”

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Source: agencies