SpiceJet finalises LEAP-1B engine order

SpiceJet has finalised a $12.5 billion purchase of LEAP-1B engines to power a total of 155 Boeing 737 MAX airplanes, along with spare engines to support the fleet. The airline also signed a 10-year Rate per Flight Hour (RPFH) agreement with CFM Services that covers all LEAP-1B engines powering SpiceJet’s 737 MAX airplanes.  Under the terms of the agreement, CFM guarantees maintenance costs for all SpiceJet’s LEAP-1B engines on a pay -by-the-hour basis. “We are looking forward to introducing the new LEAP-1B into our fleet,” said Ajay Singh, Chairman and Managing Director, SpiceJet. “The CFM56 engines we currently operate have