FARNBOROUGH July 18, 2006 Aviation Capital Group (ACG) today announced that it has ordered 14 CFM56-7B-powered Boeing Next-Generation 737-800s. The engine order is valued at approximately $170 million at list price. ACG is a wholly owned subsidiary of Pacific LifeCorp.
CFM International (CFM) is the 50/50 joint company between Snecma (Safran Group) and General Electric Company and one of the most successful aircraft engine suppliers in history. The company has delivered 4,000 CFM56-7B engine to Boeing Commercial Airplanes, paving the way for delivery of the 2,000th Next-Generation 737 aircraft to launch customer Southwest Airlines.
The CFM56-7B-powered Boeing 737-600/-700/-800/-900 fleet has achieved a remarkable 50 million engine flight hours in just eight years of revenue service with 160 operators worldwide -- the fastest accumulation of flight hours in commercial aviation history.
The CFM56-7B brings the industry's most advanced technology to 737, giving customers dramatically lower operating costs while maintaining industry-leading performance, reliability, and operability. The aircraft's 99.96 percent dispatch reliability rate translates to less than one departure per 2,000 flights being delayed 15 minutes or more or canceled.
Overall, the CFM56-powered fleet has logged more than 325 million flight hours in service powering more than 6,380 commercial and military aircraft worldwide as the most reliable engines in the air.