Saving fuel takes to the skies with Virgin Airlines' purchase of 30 Airbus A320neo commercial jets equipped with LEAP-X engines.
That revolutionary LEAP-X engine is manufactured by CFM International and makes use of composite materials and other proprietary advancements to improve the fuel efficiency of existing jet technology. The result, according to CFM, is a 15-percent reduction in fuel consumption, which roughly equates to a savings of $1.6 million per LEAP-X-equipped jet per year.
Of course, the 30 Airbus A320neos aren't free; Virgin spent $1.4-billion for them. Given their astronomical price tags, Virgin Airlines won't be raking in millions in additional cash overnight. However, since today's jets have an average lifespan of some 20 years and fuel costs seem to still be on the rise, Virgin Airlines stands a reasonable chance of breaking even on its massive investment.
[Source: Gas 2.0]