LE BOURGET, France — 20 June 2017 — Aviation Capital Group LLC (ACG) today announced an order with CFM International for LEAP-1B engines to power 20 of the new Boeing 737 MAX 10 model Boeing launched on Monday. CFM values the order at U.S. $580 million at list price.
“We are pleased to be a launch customer for the new LEAP-1B-powered 737 MAX 10 variant,” said Khanh T. Tran, CEO of ACG. “We know from experience the level of fuel efficiency, quality, and reliability CFM-powered aircraft bring to our customers.”
About CFM International
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 CFM has received orders and commitments for a total of more than 12,500 LEAP engines across all three models through May 2017. For more information, visit us at www.cfmaeroengines.com or follow us on Twitter @CFM_engines.
About Aviation Capital Group
Aviation Capital Group is one of the world’s premier full service aircraft asset managers with approximately 426 owned, managed and committed aircraft, which are leased to approximately 100 airlines in approximately 45 countries. ACG was founded in 1989 and is an indirect wholly owned subsidiary of Pacific Life Insurance Company.