easyJet places A320 engine order
The order includes any future exercise of the 100 purchase rights over new generation aircraft.
The A320neos will be powered by the CFM LEAP-1A engines which will contribute towards expected improved aircraft fuel efficiency of 13-15% and also reduce noise levels - which will be up to 15% dB below ICAO Chapter 4 standard. The current generation A320 aircraft will be powered by CFM56-5B engines.
The A320 current generation aircraft are planned for delivery between 2015 and 2017 and the A320neo aircraft are planned for delivery from 2017 until 2022. The framework arrangements relating to all these aircraft and their related engines were approved by easyJet's shareholders on 11 July 2013.
Following extensive negotiations with CFM, easyJet has achieved a modest improvement in pricing of the overall framework arrangements. The terms of the framework arrangements are subject to confidentiality restrictions and do not materially differ from the arrangements described in the Circular to shareholders published on 18 June 2013.
The 180 seat A320neo is expected to deliver a cost per seat saving of between 11% and 12%, compared to a 156 seat current generation A319 aircraft. The majority of the new aircraft will replace ageing aircraft as they leave the fleet and return to lessors. The fleet order provides easyJet with a high level of flexibility.
easyJet has been a CFM customer since 1995 and its entire current fleet is powered by CFM56 engines, operating 225 CFM56-5B-powered A320-family aircraft.
The engines will be manufactured at CFM's Paris factory. Some 450 suppliers will provide parts for the LEAP engines and in total CFM estimate that the new engines will support around 10,000 jobs in Europe and the US. ■