Allegiant places $270 million order for CFM56-5B engines
WEST CHESTER, Ohio — 29 July 2016 — Las Vegas-based Allegiant has announced its selection of CFM International CFM56-5B engines to power 12 new Airbus A320ceo (current engine option) aircraft. The engine order is valued at $270 million U.S. at list price, including spare engines. The aircraft order was announced earlier today, with the aircraft expected to enter service between 2017 and 2018.
Allegiant has operated CFM-powered aircraft since 2013 and currently has a fleet of 31 CFM56-5B-powered A319/A320 aircraft in service. This order brings the airline's total CFM-powered fleet to 77 Airbus aircraft, either in service or on order.
"We have been extremely happy with the CFM56-5B engines in our fleet," said Maury Gallagher, Allegiant chairman and CEO. "The economics have been key to our ability to grow while maintaining our cost structure."
"We are honored that Allegiant has made the CFM56-5B such an integral part of its growth plans," said Jean-Paul Ebanga, president and CEO of CFM International. "In just a short time working with Allegiant, we've already built a solid relationship and are looking forward to a great future together."
Las Vegas-based Allegiant (NASDAQ: ALGT) is focused on linking travelers in small cities to world-class leisure destinations. The airline offers industry-low fares on an all-jet fleet while also offering other travel-related products such as hotel rooms, rental cars and attraction tickets. All can be purchased only through the company website, Allegiant.com. Beginning with one aircraft and one route in 1999, the company has grown to over 80 aircraft and more than 300 routes across the country with base airfares less than half the cost of the average domestic roundtrip ticket. For downloadable press kit, including photos, visit:http://gofly.us/YFuyb.
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.
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.