CALC signs CFM engine orders valued at $550 million

Agreement covers LEAP-1A and CFM56-5B engines

July 19, 2018

Hong Kong-based China Aircraft Leasing Company (CALC – 1848.HK) today announced that it has selected CFM International's advanced LEAP-1A engine to power 17 firm and up to 50 option new Airbus A320neo family aircraft.

In addition, the leasing company finalized an order for CFM56-5B engines to power three firm, nine option Airbus A320ceo aircraft. These two agreements are valued at $550 million U.S. at list price.

"CALC is the largest independent leasing company in Asia and we are proud to be working with them," said Gaël Méheust, President and CEO of CFM International. "The LEAP-1A is performing exceptionally well and our airline customers really appreciate the benefits this engine brings to their operations. As a company that focuses on providing modern, fuel efficient and reliable aircraft to its customers, we believe CALC will find the LEAP-1A to be an invaluable part of its portfolio over the long term."

The LEAP engine family has had an exceptional entry into commercial service with more than 60 customers currently operating more than 375 aircraft on five continents. Overall, the fleet has logged more than 1.5 million engine flight hours while maintaining CFM's industry-leading reliability and the highest utilization rate in its thrust class. The engine is delivering a 15 percent improvement in fuel efficiency, with an equivalent reduction in CO2 emissions; and lower noise and NOx emissions.