- Largest ever LEAP-1A order from a lessor
- Agreement includes options for 150 additional engines
FARNBOROUGH, England, July 23,
2024 /PRNewswire/ -- Avolon, a leading global
aviation finance company, today announced an order for 150 LEAP-1A
engines to power 75 new Airbus A320neo family aircraft. The
agreement also includes purchase rights for 150 additional LEAP-1A
engines.
"These engines will power our orderbook of A320neo family
aircraft and put us in an excellent position to service our
customers narrowbody requirements out to 2030 and beyond," said
Andy Cronin, CEO of Avolon. "Engine
innovation has been one of the key tools to lower emissions and
support the industry's decarbonization journey. We are delighted to
continue our strong partnership with CFM International, and excited
about leveraging their engines to support the transition of our
fleet to more fuel-efficient technology."
Avolon, which has been a CFM customer since its launch in 2010,
has a portfolio of 323 CFM-powered aircraft, including CFM56 and
LEAP, as well as 180 aircraft powered by LEAP engines on
order.
"Avolon and CFM have built a fantastic partnership and we are
honored by the continued trust this order shows," said Gaël
Méheust, president and CEO of CFM International. "We are proud of
the part we have played in Avolon's growth and success. Our promise
now is to continue providing the world-class products and support
on which they and their customers rely every day."
The CFM LEAP engine family delivers 15 to 20 percent lower fuel
consumption and CO2 emissions, as well as a significant
improvement in noise, compared to previous generation engines. With
more than 3,300 LEAP-powered aircraft in service, the engine has
allowed CFM customers to avoid 35 million tons of CO2
emissions.* The engine has been the most successful new product
introduction in CFM's 50-year history, with the fastest ramp-up of
engine flight hours ever in the industry – surpassing 50 million
hours in just eight years.
*Compared to same flights powered by CFM56
engine.
About CFM International
A 50/50 joint venture between
GE Aerospace and Safran Aircraft Engines, CFM International has
redefined international cooperation and helped change the course of
commercial aviation since its founding in 1974. Today, CFM is the
world's leading supplier of commercial aircraft engines with a
product line that sets the industry standard for efficiency,
reliability, durability, and optimized cost of ownership. CFM
produces the LEAP family of engines and supports LEAP and CFM56
fleets for operators worldwide. www.cfmaeroengines.com
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SOURCE CFM International