Zhejiang Loong Air signs Service agreement for CFM LEAP-1A engines

China’s Zhejiang Loong Airlines has signed a long-term Rate per Flight Hour (RPFH) agreement with CFM International to support its fleet of 20 LEAP-1A engines. Under the terms of the 15-year agreement, which is valued at $333 million U.S., CFM will guarantee maintenance costs on a dollar per engine flight hour basis. Zhejiang Loong Airlines, based in Hangzhou in Eastern China, began commercial operations in December 2013 with two CFM56-5B-powered Airbus A320 aircraft and has since added eight additional airplanes to its fleet. “We are very pleased to expand our relationship with CFM,” said Liu Qihong, chairman of Zhejiang Loong