PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Safran Group

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Pegasus Seals $4.3 Billion Deal with CFM - Pegasus Airlines has finalized its order for CFM International’s advanced LEAP-1A engine to power 100 Airbus A320neo/ A321neo aircraft - /
Pegasus Seals $4.3 Billion Deal with CFM


NewswireToday - /newswire/ - Dubai, UAE, United Arab Emirates, 2013/11/15 - Pegasus Airlines has finalized its order for CFM International’s advanced LEAP-1A engine to power 100 Airbus A320neo/ A321neo aircraft - / PAR: SAF | SAFRAN

Your Banner Ad Here instead - Showing along with ALL Articles covering Aviation/Aerospace Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


The agreement is valued at approximately $4.3 billion U.S. at list price, including the long-term service agreement.

Under the terms of the 20-year Rate per Flight Hour (RPFH) maintenance agreement, CFM will guarantee maintenance costs on a dollar per engine flight hour basis. The engine selection was announced in July 2013 and the airline is schedule to begin taking delivery of its new aircraft in 2016.

The Istanbul-based low cost airline has been a CFM customer since it began operations in 1990. Today, the airline operates a fleet of 45 CFM-powered Boeing 737 aircraft on scheduled routes to 76 domestic and international destinations throughout Europe, Russia, Central Asia, Caucasus, the Middle East, and Africa.

“We are pleased to have selected CFM to provide LEAP engines for our new Airbus A320neo and A321neo aircraft until 2022, in addition to the 20-year maintenance agreement,” said Sertaç Haybat CEO of Pegasus Airlines. “This will enable us to keep what is arguably the most significant cost for airlines engine maintenance costs in check by making these costs more predictable.

“With this order, we have now increased our total Airbus fleet investment to $16.3 billion U.S. $12 billion for 100 new aircraft and $4.3 billion for the engines and long-term service agreement,” Haybat continued. “Based on the delivery schedule for the fleet, our partnership with CFM will continue at least until the year 2042. Together, we are witnessing the signing ceremony for a collaboration that is set to last for another 30 years.”

“This agreement marks an important milestone in our already 20-year relationship with Pegasus,” said Pierre Fabre, president & CEO of CFM parent company Snecma (Safran). “Beyond the quality of the LEAP product comes our unwavering commitment to keep our promises and deliver the kind of performance, reliability, and operating economics Pegasus has come to rely on from CFM.”

The first LEAP-1A engine to test started for the first time on September 4, 2013, two days ahead of the schedule set in early 2010. The engine performed flawlessly and logged more than 300 hours and 400 cycles before coming off the test stand. The next major milestone is the icing tests that will take place in 2014. CFM is performing the test early, more than one year ahead of the engine certification timeline, to ensure that any potential issues are identified well in advance.

The foundation of the LEAP engine is heavily rooted in advanced aerodynamics, environmental, and materials technology development programs. It will provide 15 percent better fuel consumption and an equivalent reduction in CO2 emissions compared to today’s best CFM engine, along with a 50 percent reduction in oxides of nitrogen emissions, and up to a 15 decibel reduction in noise. All this technology brings with it CFM’s legendary reliability and low maintenance costs.

About CFM
LEAP engines are a product of CFM International (, a 50/50 joint company between Snecma (Safran) and GE and the world’s leading supplier of commercial aircraft engines. The company has delivered more than 25,600 engines to more than 530 operators around the globe. The CFM56 fleet has logged more than 675 million flight hours in the past 30 years as the most reliable engines in the air.

About Pegasus Airlines
Pegasus ( joined the airline sector with the launch of its charter flights in 1990 and has been owned by ESAS Holding since 2005. It is Turkey’s leading low-cost carrier, offering economically priced flights on short- and medium-haul routes. Believing that “everyone has the right to fly,” Pegasus offers its guests great value, on-time flights and the newest aircraft under the auspices of its low-cost model. Pegasus flies scheduled service to 45 international and 31 domestic destinations, flying passengers to 76 destinations in 30 countries. Pegasus was named “the fastest growing airline” of Europe’s 25 largest airlines in terms of seat capacity for both 2011 and 2012 by the Official Airline Guide (OAG). In 2012 Pegasus placed the single largest aircraft order in Turkish civil aviation history, valued at approximately US$12 billion based on (list prices) at the time of delivery for 100 new Airbus aircraft, of which 25 are optional. On 26 April 2013, Pegasus Airlines listed 34.5% of its stock on the Istanbul Stock Exchange with a public offering and began trading with the code ’PGSUS’

Jamie Jewell - T: 513.552.2790 / M: 513.885.2282 - E: jamie.jewell[.]
Rick Kennedy - T: 513.243.3372 / M: 513.607.0609 - E: rick.l.kennedy[.]

Your Banner Ad Here instead - Showing along with ALL Articles covering Aviation/Aerospace Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Written by / Agency / Source: Safran Group


Availability: All Regions (Including Int'l)


Traffic Booster: [/] Quick Newswire Today Visibility Checker


Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

# # #
  Your Banner Ad showing on ALL
Aviation/Aerospace articles,
CATCH Visitors via Your Competitors Announcements!

Pegasus Seals $4.3 Billion Deal with CFM

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

CFM International | Pegasus Airlines
Publisher Contact: Giulia Lecarrié - 
+33(0)1 69 87 09 29 / +33(0)6 42 40 17 19 giulia.lecarrie[.]
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Safran Group securities in any jurisdiction including any other companies listed or named in this release.

Aviation/Aerospace via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Read Latest Articles From Safran Group / Company Profile

Read Aviation/Aerospace Most Recent Related Newswires:

Thales will Provide AVANT IFE Solution for Emirates Boeing 777X Fleet
ExoMars Mission - Thales Alenia Space’s Key Technologies Tested for Europe’s Planned 2020 Landing on the Red Planet
Leonardo Grows in the Space Sector Increasing its Stake in Avio
Leonardo Delivers 7,000th Nacelle to UTC Aerospace Systems
Thales Announces Successful Launch of Cygnus Spacecraft
Safran Electrical & Power Signs Partnership Agreement with WiN MS
Leonardo Announces Three More Orders for AgustaWestland Helicopters
ITT Showcases Rotorcraft Solutions At Helitech 2016
Safran Marks 20th Anniversary of Airbus Helicopters’ H135
Leonardo-Finmeccanica to Attend Helitech International 2016
Ariane 5 Equals the Record Set by Ariane 4 - Advances the Development of Ariane 6
AerCap Places Five Embraer E-Jets E2 with Borajet
Bugeye Technologies Releases UH-60 Yaw Pedals and FD-DCP
Thales Alenia Space Signs Phase B Contract with LeoSat to Develop High-throughput, Low-orbit Satellite Constellation
Thales and BEST Increase Safety, Capacity and Efficiency of Beijing Air Traffic Management

Boost Your Social Network
& Crowdfunding Campaigns

NewswireToday Celebrates 10 Years in Business



Visit  NAKIVO, Inc.

  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (