Engine Lease Finance Corporation (elfc) and CFM International have finalized an agreement for the purchase of 50 CFM LEAP spare engines. The deal includes both LEAP-1A engines for Airbus A320neo family aircraft and LEAP-1B engines for Boeing 737 MAX aircraft.
“CFM engines have been an integral part of our portfolio for over three decades,” said Richard Hough, President and CEO of Engine Lease Finance Corporation. “This deal will help us continue to support our customers with the efficiency, reliability, and high utilization that they’ve come to expect from CFM engines.”
The agreement strengthens a long-standing relationship between CFM and elfc, which started in 1992 with CFM56-3 engines. The lessor grew its portfolio with CFM56-5A in 1995, followed by CFM56-5B, CFM56-5C, and CFM56-7B in 1999. In 2019, the company selected CFM LEAP-1A engines for the first time. Today, elfc’s portfolio includes 200 CFM spare engines, comprised of 85 CFM LEAP engines and 115 CFM56 engines.
Pratt & Whitney, Rolls Royce, GE Aviation, Safran
Download free sample pages“With this agreement, elfc can provide LEAP operators even more options for fleet planning with higher asset availability,” said Gaël Méheust, president and CEO of CFM International.”
With more than 4,000 aircraft delivered to date, CFM LEAP engines have experienced the fastest ramp in commercial aviation history. Advanced technologies like composite fan blades and ceramic matrix composites deliver an engine that’s 15% more fuel efficient, with 15% lower carbon emissions than prior-generation CFM56 engines. Backed by advanced health monitoring systems and an open MRO ecosystem, CFM LEAP engines offer mature reliability and enable high asset utilization for narrowbody aircraft.
