Pegasus signs $5.9 billion engine deal with CFM for Boeing 737-10 fleet

Investing.com -- Turkish budget carrier Pegasus has signed a supply and maintenance agreement with CFM International for LEAP-1B engines to power up to 150 Boeing 737-10 aircraft, according to an exchange filing released Thursday.

Under the terms of the deal, CFM will provide maintenance services for a period of 10 years following the delivery of each engine.

The engine deliveries are scheduled to begin in 2028, coinciding with the delivery of the Boeing 737-10 aircraft.

Pegasus expects to make payments of up to $5.9 billion to CFM, assuming maintenance services are provided for the full 10-year period for all aircraft covered by the agreement.

This engine deal follows Boeing’s order from Pegasus last year, valued at $36 billion, for 100 737 Max 10 jets with options for an additional 100 aircraft.

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