AviancaTaca signs agreement with CFM valued at $2.7 billion

Panama-based AviancaTaca Holdings has selected the advanced technology LEAP-1A engines to power 33 Airbus A320neo family aircraft, in addition to ordering CFM56-5B engines to power an additional 18 Airbus A320ceo family aircraft. The airline has also opted for a comprehensive engine maintenance service package. The agreement has a total combined value of $2.7 billion U.S. at list price. AviancaTaca signed a 15-year RPFH (Rate per Flight Hour) agreement to support both the new CFM56 and LEAP engine fleets under which CFM will guarantee maintenance costs on a dollar per engine flight hour basis. Deliveries of the A320ceos are scheduled between