PARIS AIR SHOW, International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYSE: AIG), announced today that it has extended its order for CFM International’s LEAP-1A engines to power an additional 20 Airbus A320neo Family aircraft.
This brings the total of its LEAP-powered A320neo Family aircraft to 60. The aircraft are scheduled for delivery beginning in 2016, this engine order is valued at $510 million at today's list price.
Henri Courpron ILFC's chief executive officer, said: “Expanding our order for the LEAP engines to power more of ILFC’s Airbus A320neo Family aircraft is a reflection of our company’s long-standing commitment to providing our global customers with a choice of the industry’s most technologically advanced products.
“CFM is our largest aircraft engine supplier, and we continue to look to the manufacturer’s future engine generation for advancements in new technologies that offer operational and economic efficiencies for our customers’ fleets.”
Kevin McAllister, vice president of sales for CFM parent company GE Aviation, added: “This order is a continuation of what has already been a phenomenally good relationship.
“We are excited to bring all of the benefits of LEAP technology ─ double-digit improvements in fuel burn, noise, and carbon and NOx emissions with CFM reliability ─ to ILFC and its customers.”
Jean-Paul Ebanga, president and chief executive officer of CFM International, commented: “We believe these engines will prove to be real assets for ILFC and its lessees.
“The more testing we do, the more confident we become that the LEAP family is a more than worthy successor to the CFM56 engines and will become a critical part of airline fleets around the globe.”
