Zhejiang Loong Air Signs LEAP-1A Rate-Per-Flight Hour Agreement

June 17, 2019

LE BOURGET — 17 June 2019— Zhejiang Loong Air has signed a 12-year Rate-Per-Flight-Hour Agreement with CFM International for 32 firm and 8 option LEAP-1A engines powering the airline’s leased fleet of Airbus A320neo/A321neo aircraft.

RPFH agreements are part of CFM’s portfolio of flexible aftermarket support offerings. Under the terms of the agreement, CFM Services guarantees maintenance costs for the airlines LEAP-1A engines on a dollar per engine flight hour basis.

As the launch customer of LEAP-1A in Greater China, we are satisfied with the engine’s excellent operating performance since it entered into service last year. Loong Air is pleased to expand cooperation with CFM”. We believe the professional aftermarket service from CFM will facilitate our rapid growth and long-term development.

Qihong Liu, chairman of Zhejiang Loong Air.

“We are honored to expand our already solid relationship with Loong Air,” said Gaël Méheust, President and CEO of CFM International. “Loong Air has chosen CFM engines since its inception. Its current fleet in service is 100 percent powered by CFM engines. Today’s maintenance agreement will help maintain the long-term value of its engines. We appreciate the trust of our customers, and we will continue to provide quality service and support as always."

About Zhejiang Loong Airlines

Zhejiang Loong Airlines, based in Hangzhou in Eastern China, began commercial operations in 2013 with two CFM56-5B-powered Airbus A320 aircraft. It’s one of the fastest growing airlines in China with a total of 42 CFM56-5B powered A320ceo and LEAP-1A powered A320neo aircraft in-service.

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ABOUT CFM INTERNATIONAL

The LEAP engine is a product of CFM International, a 50/50 joint company between GE and Safran Aircraft Engines. This engine has experienced the fastest order ramp up in commercial aviation history and CFM has received orders and commitments for a total of more than 18,750 LEAP engines, including spares, across all three models through September 2019. Web at www.cfmaeroengines.com www.cfmaeroengines.com or follow us on Twitter @CFM_engines

Contact

Jamie Jewell,

+1 513.885.2282,

jamie.jewell@ge.com

Charles Soret,

+33 6.31.60.96.79,

charles.soret@safrangroup.com

Perry Bradley,

+1 513 375 2597,

perry.bradley@ge.com