SINGAPORE 2016: Lion Group subsidiary chooses LEAP-1A engines for 174 A320neos

Transportation Partners, the leasing arm of Lion Group, has signed an order with CFM International for 348 LEAP-1A engines to power 174 firm Airbus A320neo aircraft, the order for which was announced in March 2013.

"This is a great extension of the partnership we have built with CFM over the past 15 years,” commented John Duffy, chief operating officer of Transportation Partners. “In addition to the world-class operating economics and reliability that the LEAP engine will bring to our fleet, LEAP’s strong footprint in Asia and the impressive strides it has made in North America and Europe augments well with our strategic growth objectives.”

CFM is providing project management and expert advice starting from design, construction and commissioning for Lion Group’s new engine maintenance and test cell facility, Batam Aero Technic (BAT) in Batam, Indonesia. When completed, the facility will have maintenance and overhaul capability for the CFM56 and LEAP engines in the airline’s fleet. CFM will also provide leadership and management training to the employees and affiliated companies.

“We are delighted to take this next step with Transportation Partners and further expand an already great relationship,” remarked Jean-Paul Ebanga, president and CEO of CFM International. “We are excited to bring the benefits of the LEAP-1A engine to their portfolio and believe it will prove to be a great asset for them. Thousands of hours of testing have confirmed that the engine is meeting its performance specifications and that it will deliver the reliability, durability, and low maintenance costs they have come to rely on from CFM products.”

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