International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYSE: AIG), announced today that it has expanded its order for CFM International’s LEAP-1A engines to power an additional 20 Airbus A320neo Family aircraft, bringing the total of its LEAP-powered A320neo Family aircraft to 60. The aircraft are scheduled for delivery beginning in 2016. This newest engine order is valued at $510 million U.S. at list price.
“Expanding our order for the LEAP engines to power more of ILFC’s Airbus A320neo Family aircraft is a reflection of our company’s long-standing commitment to providing our global customers with a choice of the industry’s most technologically advanced products,” said ILFC Chief Executive Officer Henri Courpron. “CFM is our largest aircraft engine supplier, and we continue to look to the manufacturer’s future engine generation for advancements in new technologies that offer operational and economic efficiencies for our customers’ fleets.”
“This order is a continuation of what has already been a phenomenally good relationship,” said Kevin McAllister, vice president of sales for CFM parent company GE Aviation. “We are excited to bring all of the benefits of LEAP technology a"EUR double-digit improvements in fuel burn, noise, and carbon and NOx emissions with CFM reliability a"EUR to ILFC and its customers.”
“We believe these engines will prove to be real assets for ILFC and its lessees.” said President and Chief Executive Officer of CFM International Jean-Paul Ebanga. “The more testing we do, the more confident we become that the LEAP family is a more than worthy successor to the CFM56 engines and will become a critical part of airline fleets around the globe.”
Source: CFM International
Date: Jun 19, 2013