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ICBC Leasing and CFM Sign a LEAP-1A Engine Deal

Jun.19th

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Cooperation with CFM International expands

On June 19th, ICBC Leasing signed an agreement with CFM International to purchase the LEAP-1A engine to power Airbus A320neo aircraft. This engine order is valued at more than USD 1.1 billion at list price. Deliveries scheduled to begin in 2018.

 

Back in 2012 and 2014, ICBC Leasing selected CFM56-5B engines to power the Airbus A320 aircraft, and received positive feedback from customers. More than half of the aircraft that ICBC Leasing delivered to date are equipped with CFM engines.

 

By the end of 2016, ICBC Leasing delivered more than 300 planes and managed 550 aircraft. With aircraft assets ranked fifth in the world, ICBC Leasing services 65 airlines in 33 countries and regions.

 

The LEAP engine is a product of CFM International, a 50/50 joint company between GE and Safran Aircraft Engines. This engine has experienced the fastest order ramp-up in commercial aviation history and is widely used in Boeing 737MAX, Airbus A320neo, and Comac C919 aircraft. CFM has received orders for a total of more than 12,430 LEAP engines by the end of May 2017.