Posted on: 20 June 2011 by Ross McSweeny
International Lease Finance Corporation (ILFC) and CFM International have announced that the leasing company has selected CFM’s LEAP engine to power 40 new Airbus A320neos which are scheduled to begin delivery in 2016.
The firm engine order is valued at $950 million at list price. ILFC also has options for 20 additional aircraft.
“Selecting the LEAP engine to power our new A320neos is right in line with our objectives of providing the industry’s most technologically advanced products to our customers,” said ILFC chief executive Henri Coupron. “We manage a huge CFM56-powered portfolio today and we are looking forward to bringing LEAP into that mix.”
“CFM and ILFC have a very successful 25-year relationship,” said Jean-Paul Ebanga, president and CEO of CFM International. “As we take that relationship to the next level, we are excited to bring all of the benefits of LEAP technology, including better fuel burn and an improved environmental footprint with CFM’s industry-leading reliability and low maintenance costs, to ILFC and its customers.”