GECAS places $1.77 billion CFM LEAP-1A engine order
LE BOURGET - 15 June 2015 - GE Capital Aviation Services (IGECAS) today announced that it has selected CFM International's LEAP-1A engine to power 60 new Airbus A320neo aircraft. The firm engine order is valued at $1.77 billion U.S. at list price. The airplane order was announced by Airbus earlier today.
"We are pleased to continue our long, successful partnership with GECAS," said Jean-Paul Ebanga, president and CEO of CFM International.
The LEAP-1A engine promises to be the most advanced, reliable, fuel-efficient powerplant for the new Airbus A320neo (new engine option). The engine incorporates many industry firsts, including the 3-D woven carbon fiber composite fan blade and case; the one-of-a-kind debris rejection system; fourth-generation 3-D aerodynamics; the first commercial use of ceramic matrix composites (CMCs); the revolutionary combustor design featuring fuel nozzles grown using additive manufacturing; and light-weight Titanium Aluminide airfoils. The lower weight and higher durability these components provide will result in a 15 percent improvement in fuel efficiency, with an equivalent reduction in CO2 emissions; a 50 percent margin to new emissions regulations; a dramatically lower noise signature; CFM's industry-leading reliability and low overall operating costs.
About GE Capital Aviation Services (GECAS)
GE Capital Aviation Services (GECAS) is a world leader in aviation leasing and financing. With over 45 years of experience, GECAS offers a wide range of aircraft types including narrow-bodies, wide-bodies, regional jets/props, freighters and helicopters, plus multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, airframe parts management and airport/airline consulting. GECAS owns or services a fleet of over 2,200 aircraft (1,900 fixed wing/300 rotary wing) in operation or on order, plus provides loans collateralized on an additional 400 aircraft. GECAS serves over 270 customers in over 75 countries from a network of 24 offices.
About CFM International
The CFM56 and LEAP engines are products of CFM International, a 50/50 joint company between Snecma (Safran) and GE. CFM is the world's leading supplier of commercial aircraft engines, with more than 27,200 delivered as of December 31, 2014 to more than 530 operators around the globe. The company CFM officially launched the LEAP engine, which is its first all-new centerline engine in nearly 40 years, in 2008.
The LEAP engine promises to bring double-digit improvements in fuel efficiency, emissions and noise, while the legendary reliability and low cost of ownership of its predecessor, the ubiquitous maintaining CFM56 engine family. The LEAP-1A is an engine as an option on the A320neo family; and the LEAP-1C engine is the sole Western powerplant for the COMAC C919; and the LEAP-1B is the sole powerplant for Boeing's new 737 MAX. For more information, visit us at www.cfmaeroengines.com or follow us on Twitter @CFM_engines.
For more information, contact:
Jamie JewellCFM InternationalT:513.552.2790 / M:513.885.2282
Rick KennedyT:513.243.3372/M: 513.607.0609
Giulia LecarriéT:188.8.131.52.09.29 / M:184.108.40.206.17.19
GE Capital Aviation Services
Dan WhitneyT:203-585-2268 / M:203-300-8707