LE BOURGET – 17 June 2015 — CFM International today announced that Dublin, Ireland based aircraft leasing company Avolon selected CFM International's LEAP-1A engine to power 20 new Airbus A320neo aircraft. The engine order is valued at $590 million U.S. at list price.
Avolon has been a CFM customer since its launch in 2010 and has a committed fleet of 161 CFM-powered aircraft.
“Avolon is focused on providing our customers with the most modern and fuel efficient aircraft available. We have been working with CFM International for the last five years and we are confident in their ability to build world-class engines. Our latest partnership with the CFM team further strengthens our long standing relationship and we look forward to working with them in the future," said John Higgins, president and chief commercial officer of Avolon,
“Avolon’s focus is on modern, fuel-efficient airplanes and we are happy to be part of the team that provides them. We believe that the LEAP-1A will be an invaluable part of the Avolon portfolio,” said Jean-Paul Ebanga, president and CEO of CFM International
Headquartered in Ireland, with offices in the United States, Dubai, Singapore and China, Avolon provides aircraft leasing and lease management services. Avolon has an owned, managed and committed fleet of 251 aircraft serving 51 customers in 29 countries as of March 31, 2015. Avolon is listed on the New York Stock Exchange, under the ticker symbol AVOL www.avolon.aero
About CFM International
LEAP engines are products of CFM International, a 50/50 joint company between Snecma (Safran) and GE. The LEAP engine is experience the fastest order ramp up in aviation history with more than 8,900 orders and commitments booked to date. For more information, visit us at www.cfmaeroengines.com or follow us on Twitter @CFM_engines.