PAS19: CDB Aviation places US$1.3 billion LEAP-1A engine order

CDB Aviation, the wholly-owned Irish subsidiary of China Development Bank Financial Leasing Co. Limited, announced an order for CFM International’s LEAP-1A engines to power 45 Airbus A320neo aircraft.

CDB Leasing signs for CFM LEAP-1A

The engine order is valued at more than US$1.3 billion at list price.

This marks CDB Aviation’s second LEAP-1A engine order. The lessor previously selected the LEAP-1A engines in November 2016 to power 100 percent of its first batch of A320neo aircraft. The new order takes its LEAP-1A/A320neo fleet to 90 aircraft.

Peter Chang, CDB Aviation chief executive officer said the LEAP-1A engine “delivers a multitude of benefits and operating advantages” and added, “We value our partnership with CFM and this agreement will support our airline customers’ fleet operations.”

“We are pleased to expand our great relationship with CDB Aviation,” said Gaël Méheust, president and CEO of CFM International. “We are pleased that their customers are seeing the value that the LEAP engine brings to their operations.”

From left, Gaël Méheust, president and CEO of CFM International and Peter Chang, CDB Aviation Chief Executive Officer

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