CFM, Macquarie Finance Close $588 M U.S. LEAP-1A Engine Order

Leasing Company has Both CFM56-5B and CFM56-7B Engines in Portfolio

CFM International has finalized an order with Macquarie Airfinance Group Limited, a wholly owned subsidiary of Macquarie Group Limited, for LEAP

"We are pleased to expand our great relationship with Macquarie to now include our advanced LEAP engine. We believe their airline customers will begin to reap the benefits of our advanced technology immediately." Gaël Méheust, president and CEO of CFM International

The LEAP-1A engine is providing operators with a 15 percent improvement in fuel consumption and CO2 emissions, along with dramatic reductions in engine noise and exhaust gaseous emissions. All this technology is focused on providing better utilization, including CFM's legendary reliability out of the box; greater asset availability; enhanced time on wing margins to help keep maintenance costs low; and minimized maintenance actions, all supported by sophisticated analytics that enable CFM to provide tailored, predictive maintenance over the life of the product.

Source: Safran S.A. (Paris: SAF.PA)
Date: Jun 18, 2019