Republic Airways Finalizes LEAP-1A Engine Order, Signs Long-Term Service Agreement

By Matthew Kennedy
Benzinga Staff Writer
November 16, 2011 3:32 PM

Symbols: RJET

Republic Airways (NASDAQ: RJET) Holdings has finalized its $2 billion order for CFM International's advanced LEAP-1A engines to power the 80 A320neo aircraft recently ordered from Airbus. The Company also has signed a Rate per Flight Hour agreement with CFM to support all 160 LEAP-1A engines for NEO aircraft. The NEO aircraft will be flown by Republic's Frontier Airlines subsidiary.

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Republic Airways Finalizes LEAP-1A Engine Order, Signs Long-Term Service Agreement

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