Akasa Air buys 300 CFM engines at list prices of $5 billion: Report

Akasa Air, India’s youngest low-fare carrier, has purchased over 300 engines from CFM International to power the 150 aircraft it purchased from American plane manufacturer Boeing earlier this month, according to a report by The Economic Times (ET).

The contract for Leap-1B engines, spares, and services is estimated to be worth $5 billion at list prices. Airlines typically negotiate volume discounts for planes and engines, it said.

Akasa’s 189-seater Boeing 737-8 Max planes are powered exclusively by CFM Leap engines. The airline currently operates 22 aircraft.