SMBC Aviation Capital orders LEAP-1B engines for additional Boeing aircraft

SMBC Aviation Capital, the world's third largest aircraft lessors, today announced an order for CFM International's LEAP-1B engines to power 10 additional Boeing 737 MAX aircraft, a purchase also announced today. This follows an order it placed in late 2014 for 160 LEAP-1B engines. This newest order is valued at $270 million U.S. at list price.

A long-time CFM customer, Dublin-based SMBC Aviation Capital currently has a fleet of nearly 300 Boeing 737 aircraft powered by CFM56 and LEAP engines in service or on order.

"We have had great success with our CFM-powered Boeing 737 aircraft and they have provided our customers with a highly efficient and reliable solution," said Peter Barrett, CEO of SMBC Aviation Capital. "We look forward to the new LEAP-1B / 737 MAX combinations becoming an equally attractive asset to our customers."

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"SMBC Aviation Capital has a large portfolio of CFM-powered aircraft today and we are excited to continue growing together with one of the world's largest leasing companies," said Jean-Paul Ebanga, president and CEO of CFM International. "We appreciate the continued confidence this order shows in our products and the positive impact our engines have had on the long-term profitability of their airline customers."

Source: Safran S.A. (Paris: SAF.PA)
Date: Jun 16, 2015