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Akasa orders over 300 CFM engines for Boeing 737 MAX fleet

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Large Corporate 27 Jan 2024 11:37 AM IST Live Mint

Akasa Air, the Mumbai-based airline, has announced an order for over 300 CFM LEAP-1B engines to power its latest order of 150 Boeing B737 MAX family aircraft. The French-American aerospace major CFM International, a joint venture between GE Aerospace and Safran Aircraft Engines, exclusively powers the Boeing B737 MAX family aircraft with its LEAP engines. 

The agreement between Akasa Air and CFM includes purchasing CFM LEAP-1B engines for the recent order of 150 Boeing 737 MAX aeroplanes, spare engines, and a services contract. The airline, which began operations in August 2022, had previously ordered a total of 76 LEAP-1B-powered B737-8 aircraft, with 22 currently in service. 

Vinay Dube, founder and CEO of Akasa Air, expressed confidence in the airline's growth trajectory, stating that with CFM as their long-term engine maintenance provider, they aim to become one of the top 30 leading airlines globally by the end of this decade. 

CFM International's LEAP engines are known for their fuel efficiency, with customers experiencing 15 to 20% better fuel efficiency in LEAP-powered fleets. The engines also boast high reliability and daily utilisation rates in their thrust class, according to Gaël Méheust, President and CEO of CFM International. 

In addition to the engine order, Akasa Air recently announced the purchase of an additional 150 narrow-body Boeing 737 MAX aircraft, with the cumulative order book now reaching 226 aircraft. The airline currently operates a fleet of 22 aircraft and plans to take delivery of the remaining 204 aircraft over the next eight years through 2032. The latest order comprises Boeing 737 MAX 10 and 737 MAX 8-200 aircraft. Akasa Air had initially signed a purchase and services agreement with CFM in November 2021 for engine maintenance and spare engines to power 72 Boeing 737 MAX aircraft.