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CALC places order for CFM LEAP-1A engines
Business
- Agreement includes 40 LEAP-1A engines
Singapore – China Aircraft Leasing Group Holdings Limited (CALC) today announced the selection of CFM International LEAP-1A engines to power an additional fleet of 20 Airbus A320neo and A321neo family aircraft, which are scheduled to begin delivery in 2026. The airplane order was announced in early 2020.
CALC currently maintains a quality portfolio of 93 CFM56-5B/7B engines powered fuel-efficient aircraft leased to 20 operators and 38 LEAP-powered aircraft leased to 10 operators. This new order, along with the upcoming aircraft to be delivered in 2024, will bring CALC’s accumulated order for LEAP-1A powered A320neo & A321neo up to 66 aircraft.
“We have long-standing relationship with CFM who has been a key partner of our sustainable growth over the past decade,” said Mike Poon, Executive Director and Chief Executive Officer of CALC. “Joining hands again, CALC will continue to invest in the in-demand latest technology aircraft and fulfill our commitments to driving a sustainable aviation through our one-stop green fleet solutions.”
“We are proud to continue our journey with CALC, one of the industry’s leading aircraft leasing companies,” said Gaël Méheust, president and CEO of CFM International. “Their continued trust in us is a testament not only to our products, but also to the world-class support that our customers have come to rely on in their daily operations.”
The advanced CFM LEAP engine family provides 15 to 20 percent better fuel consumption and lower CO2 emissions, as well as a significant improvement in noise compared to previous generation engines. Since its entry into service in 2016, the LEAP engine has allowed our customers to reduce CO2 emissions by more than 35 million tons *.
*Compared to same flights powered by CFM56 engines.
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About CALC
China Aircraft Leasing Group Holdings Limited (CALC) is a one-stop aircraft full value[1]chain solutions provider for global airlines. The businesses and subsidiaries of the Group are engaging in two main businesses of new aircraft leasing and aircraft aftermarket services. CALC’s scope of business includes conventional businesses such as aircraft operating leasing, purchase and leaseback, and structured financing, as well as value-added services such as fleet planning, fleet upgrade, aircraft disassembling and component sales. CALC is one of the world’s top 10 aircraft lessors in terms of the combined asset value of fleet and order book, according to ICF International.
CALC is listed on the Main Board of the Stock Exchange of Hong Kong Limited (SEHK) (Stock code: 01848.HK) as the first aircraft leasing company in Asia in July 2014. CALC is currently a MSCI China Small Cap index.
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 International produces the LEAP family of engines and supports LEAP and CFM56 fleets for operators worldwide. www.cfmaeroengines.com
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