AWAS signs $320 million agreement for CFM56-5B engines

  • Expands CFM portfolio to more than 160 engines

 

FARNBOROUGH — 12 July 2016 — AWAS today announced that is has chosen CFM International's CFM56-5B engine to power 10 new Airbus A320ceo (current engine option).  The aircraft are part of a 15-aircraft order the company announced with Airbus on June 23 and the engine order is valued at $320 million U.S. at list price.

Dublin-based AWAS became a direct order CFM56-5B customer in 2008 with an order to power 45 firm and up to 55 option A320 family aircraft.  Today, the company has more than 150 CFM-powered aircraft under management.

"We have been very pleased with the CFM56-5B engines in our portfolio," said David Siegel, chief executive officer of AWAS.  "Our customers really appreciate the operating economics and reliability of the engine."

"We are obviously very pleased that AWAS has elected to expand its CFM fleet," said Jean-Paul Ebanga, president and CEO of CFM International.  "They have established themselves as one of the world's leading leasing companies and we are honored by their faith in our products."

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About AWAS

AWAS is one of the world's leading aircraft leasing companies. Our team of industry professionals serves every major and developing commercial aviation market around the globe from our Dublin headquarters and offices in New York, Miami, and Singapore. The AWAS fleet features a full range of the most popular aircraft types which includes both narrow-bodied and wide-body aircraft.

About CFM International

CFM56 engines are a product of CFM International, a 50/50 joint company between GE and Safran Aircraft Engines.  CFM is the world's leading supplier of commercial aircraft engines. The CFM56-5B engine powers every model of the Airbus A320ceo family and has been chosen to power nearly 60 percent of all A320 aircraft in service or on order.  For more information, visit us at www.cfmaeroengines.com or follow us on Twitter @CFM_engines.

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Jamie Jewell

+1 513.552.2790

513.885.2282

jamie.jewell@ge.com

 

Rick Kennedy

+1 513.243.3372

513.607.0609

rick.l.kennedy@ge.com

 

Giulia Lecarrié

+33.1.69.87.09.29

+33.6.42.40.17.19

giulia.lecarrie@safrangroup.com