18 Jun 2019
Avolon Orders 140 CFM LEAP-1A Engines To Power 70 A320neo Family Aircraft
Announced at the 2019 Paris Air Show, LEAP engine order valued at US$2 billion at list prices
Dublin & Paris | 18 June, 2019:
Avolon Holdings Limited (“Avolon”), the international aircraft leasing company, announces an order for 140 LEAP-1A engines from CFM International to power 70 Airbus A320neo family aircraft in its order book. The order is valued at US$2 billion at list prices.
Avolon has been a customer of CFM International since its launch in 2010 and today owns a fleet of over 290 CFM-powered aircraft.
Avolon has placed orders for a total of 240 Airbus A320neo family aircraft 42 of which are delivered. Following this announcement CFM LEAP-1A engines will power 105 of these aircraft.
This order represents Avolon’s largest ever engine order to date, and one of CFM’s biggest ever engine transactions with a lessor for the LEAP engine.
Dómhnal Slattery, CEO Avolon, commented: “We are delighted to continue our longstanding relationship with CFM. Our commitment to the LEAP engine reflects our confidence in CFM’s track-record of designing and building world-class engines. Our partnership supports Avolon’s strategy to provide our airline customers with the most modern, fuel-efficient aircraft available.”
Gaël Méheust, CEO CFM International, commented: “We are happy to be part of the Avolon team and certainly appreciate their continued confidence in our people and our products. The LEAP-1A has proven to be an invaluable part of the Avolon portfolio and we look forward to working with them well into the future.”
For Further Information Please Contact
Head of Communications and Branding
+353 1 556 4429
Ross O' Connor
Head of Investor Relations
+353 1 231 5818
+353 1 765 0886