ALAFCO Expands LEAP-1A Fleet

June 19, 2019

LE BOURGET, France – 19 June 2019 – Aviation Lease and Finance Company (ALAFCO), the Kuwait-based international aircraft leasing company, today announced that it has selected CFM International’s advanced LEAP-1A engines to power 30 firm, 20 option new Airbus A320neo aircraft.

ALAFCO, a Kuwait based aircraft leasing company which is listed on the Kuwait Stock Exchange was formed in 1992, is a long-time CFM customer. Today’s order expands its total LEAP fleet to than 120 engines.

“Introducing the LEAP-1A-powered A320neo into our portfolio has been very successful collaboration between ALAFCO and CFM and is an important part of our long-term strategy. LEAP engines continue to deliver and meet the expectations of ALAFCO’s customers. With high levels of efficiencies and reliability, we envisage these engines will continue to add value and furthermore play an integral role in ALAFCO’s continued growth.”

Ahmed Albzbin, ALAFCO Chairman

“We certainly appreciated the continued confidence ALAFCO has shown in us with this new order,” said Gaël Méheust, president and CEO of CFM International. “We are pleased that the benefits we have built into the LEAP engine are having a very positive impact on ALAFCO’s customers and we pledge to continue to provide the level support they have come to expect from CFM.”

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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

Contact

Jamie Jewell,

+1 513 885 2282,

jamie.jewell@ge.com

Charles Soret,

+33 6.31.60.96.79,

charles.soret@safrangroup.com

Nick Hurm,

+1 513 484 4450,

nick.hurm@ge.com