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Wednesday, June 15, 2011

Virgin America To Buy $1.4 Billion In Engines

- Virgin America To Buy $1.4 Billion In Engines



Jun 15, 2011

Virgin America, the budget-airline, said Wednesday it ordered $1.4 billion in LEAP-X jet engines from CFM International. The new engines will power 30 Airbus A320neo aircrafts, which will be ready for use beginning in 2016.

LEAP-X promises better fuel economy, and Virgin has determined that the new engine will reduce its fuel bill by $1.9 million a year for each aircraft.

Virgin America has planned to triple its fleet since January, ordering 60 A320-family aircraft, including the re-engined version of the popular single-aisle jetliner

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