Posted on: 19 June 2011 by Ross McSweeny
GE Capital Aviation Services (GECAS) has announced a firm order for 60 A320neo family aircraft for which it has selected CFM’s new LEAP engine.
The deal was signed today by Norman Liu, president and CEO of GECAS and John Leahy, Airbus chief operating office–customers. This new order brings the total number of A320 family aircraft ordered by GECAS to 390.
“The A320neo family will bring fuel savings to customers while offering the same levels of in-service reliability they expect,” remarked Liu, whilst noting that the company has “a solid track record of placing A320s with customers around the globe”.
“GECAS’s order is further demonstration of the undisputable success of the A320neo family,” declared Leahy. “This new order underlines its attractiveness in particular to leasing companies, who are expanding their portfolios with the aircraft. The low operating costs and proven high dispatch reliability offered by the A320 family make it a strong asset for the GECAS portfolio.”
For CFM, the engine order is valued at $1.4 billion at list price. “We are very pleased to once again be partnering with GECAS,” said CFM’s president and CEO, Jean-Paul Ebanga. “We have an incredibly strong relationship with them and look forward to working with them in the future.”