Willis Lease Finance Corporation (WLFC) today reaffirmed its commitment to exercise options for 30 CFM International LEAP spare engines, which the company announced earlier this year. The options were part of WLFC’s 2019 agreement for up to 60 CFM LEAP engines – the largest order in the company’s history.
Today’s agreement along with a 2017 order makes WLFC the largest independent lessor of LEAP spare engines, with a total of 70, excluding engines acquired through financings. The order includes LEAP-1A engines for Airbus A320neo family aircraft and LEAP-1B engines for the Boeing 737 MAX family.
“We are honored by Willis Lease Finance Corporation’s continued trust in LEAP engines and their commitment to provide comprehensive solutions for our airline customers,” said Gaël Méheust, president and CEO of CFM International. “We remain committed to delivering the very best CFM has to offer in terms of efficiency, reliability and world-class customer support.”
Pratt & Whitney, Rolls Royce, GE Aviation, Safran
Download free sample pages“Willis Lease is proud to expand our LEAP spare engine portfolio,” said Austin Willis, CEO of Willis Lease Finance Corporation. “This order underscores our confidence in the LEAP engine’s performance and reliability, as well as our commitment to supporting the next generation of fuel-efficient aircraft.”
WLFC has a portfolio of more than 350 owned or managed engines, including both CFM LEAP and CFM56 products for the Boeing 737 and Airbus A320 families.
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.
