Minsheng Financial Leasing today announced an order for CFM International's CFM56-7B and LEAP-1B engines to power 10 Boeing Next-Generation 737 and 20 737 MAX aircraft, respectively. The order is valued at $775 million U.S. at list price.
Minsheng Financial Leasing was established in 2008 and is the largest business jet lessor in Asia and decided to enter commercial aircraft leasing in 2013. The company currently owns or manages over 30 commercial aircraft and has more than 10 international and Chinese customers.
"It is exciting to be a part of this new venture with Minsheng Financial," said Jean-Paul Ebanga, president and CEO of CFM International. "They are great business people and we certain they will agree that the CFM56 and LEAP engines in their portfolio will remain valuable assets over the long term."
Source: Safran S.A. (Paris: SAF.PA)
Date: Jun 16, 2015