FARNBOROUGH, England — 17 July 2018 — South Africa’s private domestic airline operator, JSE-listed Comair Limited, has signed an eight-year Rate Per Flight Hour (RPFH) agreement to support is fleet of 16 CFM56-7B engines. The agreement is valued at $160 million U.S. at list price.
RPFH agreements are part of CFM Services flexible support offering. Under the terms of the agreement, CFM will support the fleet on a dollar per flight hour basis.
“This is the first time we have signed a long-term support agreement with CFM for any of our engines,” said Erik Venter, CEO of Comair. “Our decision to make this commitment was based on our trust in CFM quality and to help us manage our fleet by making our costs more predictable.”
Founded in 1946, Comair (JSE: COM), a major private aviation player in South Africa, has successfully been operating local and regional services, within Southern Africa for more than seven decades.
Comair has been a CFM customer since 2001. In 2014, Comair became the first African airline to order the LEAP-1B-powered Boeing 737 MAX with an order for eight airplanes.
About Comair Limited
Comair Limited is a South African aviation and travel company, offering scheduled and non-scheduled airline services within South Africa, Sub-Saharan Africa and the Indian Ocean Islands, as its main business. The company operates under its low-fare airline brand, kulula.com, as well as under the British Airways livery, as part of a license agreement.
In addition to scheduled and non-scheduled airline services, Comair also offers the following non-airline related services;
Managed and owned by South Africans through its listing on the JSE, Comair has been operating successfully in this country since 1946. Comair is the only known airline to have achieved operating profits for 71 consecutive years, has a safety record which is internationally recognized and a level 3 B-BBEE recognition. Comair has independently been certified by the Top Employers Institute, as one of the Top Employers South Africa 2018.
For more information on Comair, visit www.comair.co.za
About CFM International
CFM56 engines are a product of CFM International, a 50/50 joint company between GE and Safran Aircraft Engines. For more information, visit us at www.cfmaeroengines.com or follow us on Twitter @CFM_engines.