Member access

4-Traders Homepage  >  Shares  >  Euronext Paris  >  SAFRAN    SAF   FR0000073272


SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 


06/21/2013 | 05:40am US/Eastern
12-year term valued at $180 million U.S.
LE BOURGET, France - 20 June 2013 - SAS today announced that it has signed a Letter of Intent with CFM International for the long-term support of its advanced LEAP-1A engines. In 2011, the airline selected the engine to power 30 firm Airbus A320neo aircraft and hold options on 11 additional airplanes.
Under the terms of the 12-year Rate Per Flight Hour Agreement (RPFH), valued at $180 million U.S., CFM will guarantee maintenance costs on a dollar per engine flight hour basis.
SAS, the multi-national carrier of Sweden, Norway and Denmark, operates scheduled flights to nearly 100destinations throughout Scandinavia, Europe, Asia, and the U.S. with a fleet of 140 aircraft. The SAS currently operates a fleet of nearly 100 CFM-powered aircraft and owns a total of nearly 200 CFM56 engines. As a major European airline, SAS has long been at the forefront of adopting technologies that reduce the impact of aviation on the environment, as well as choosing efficient engines to power its fleet.
About CFM
LEAP engines are a product of CFM International is a 50/50 joint company between Snecma (Safran) and GE and the world's largest supplier of commercial aircraft engines. To date, more than 25,000 CFM56 engines have been delivered to more than 500 operators around the globe. This fleet has achieved more than 635 million flight hours as the most reliable engines in the air.
distributed by
Latest news on SAFRAN
1h ago SAFRAN : UK-French joint venture is to make R-R parts ; INDUSTRY
1d ago SAFRAN : 6.8% revenue growth in third quarter 2014, driven by continued momentum..
1d ago SAFRAN : Rolls-Royce and Hispano-Suiza (Safran) sign final agreement to create j..
1d agoDJSAFRAN : Rolls-Royce, Safran Form JV to Develop Civil Aircraft Transmissions
1d ago ROLLS ROYCE : and Safran Unit Hispano-Suiza Sign Engine JV Deal
1d ago ROLLS ROYCE : finalises engineering joint venture with Hispano-Suiza
2d ago Outgoing Thales CEO says new focus to hold as orders rise
2d ago Safran shares rise on third-quarter revenues, confident outlook
2d ago Safran CEO says civil aerospace market still 'very active'
2d ago ALLEGHENY TECHNOLOGIES : ATI and Snecma Ink Products Agreement
Duration : Period :
SAFRAN Technical Analysis Chart | SAF | FR0000073272 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes