CALC places $430 million order for CFM56-5B engines
- Nearly doubles CFM-powered asset base
FARNBOROUGH — 13 July 2016 — Hong Kong-based China Aircraft Leasing Company (CALC) has announced its selection of CFM International CFM56-5B engines to power 20 firm and up to five options of new Airbus A320ceo (current engine option) family aircraft. The firm engine order is valued at $430 million U.S. at list price and deliveries are scheduled between 2017 and 2018. The engines are for part of an aircraft order was announced in 2014.
CALC became a CFM customer in 2013 with an order for CFM56-5B engines to power 25 Airbus A320ceo aircraft.
"Our partnership with CFM has been very good," said Winnie Liu, Deputy CEO and Chief Commercial Officer of CALC. "The CFM56 engines in our portfolio have performed very well for us. Our customers enjoy a broad range of benefits from the CFM56-5B engine, including its reliability and cost efficiency. We are pleased with the level of service we receive from the CFM team."
"We have built a great working relationship with CALC and a relatively short amount of time," said Jean-Paul Ebanga, president and CEO of CFM International. "They are the largest independent leasing company in Asia and focus on providing modern, fuel-efficient aircraft to their customers and we are proud to be part of this team."
About China Aircraft Leasing Group Holdings Limited
China Aircraft Leasing Group Holdings Limited (CALC – 1848.HK) is the largest independent aircraft operating lessor in China, in terms of new aircraft import under lease each year. In addition to aircraft operating lease, financial lease and sales and leaseback, CALC provides customers with aircraft full-life solutions, covering fleet planning consultation, structured financing, fleet replacement package deal, third party aircraft resale as well as aircraft disassemble.
About CFM International
CFM56 engines are a product of CFM International, a 50/50 joint company between GE and Safran Aircraft Engines and 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.