BOC Aviation today became a new CFM56-5B customer with an announcement that it has selected the engine to power seven firm, 10 option Airbus A320 family aircraft. The firm engine order is valued at approximately $95 million over the life of the product.
CFM56-5B engines are produced by CFM International, a 50/50 joint company between Snecma (Safran Group) and General Electric Company. CFM is the world's leading supplier of commercial aircraft engines with more than 17, 000 engines in service with more than 485 operators.
"The CFM56 powered A320 family is popular with airlines from every sector of the business and all geographic regions," said Robert Martin, BOC Aviation Chief Executive Officer. "We are pleased that BOC Aviation will now be able to enter the market for this successful airframe and engine combination."
BOC Aviation, previously known as Singapore Aircraft Leasing Enterprise (SALE), is the leading Asia-based aircraft leasing company. Today the company has a fleet of 75 modern aircraft flying with 29 airlines worldwide. The company has a total of 63 aircraft on firm order for delivery from Airbus and Boeing for delivery through to 2012, including 20 A320 family aircraft. BOC Aviation is owned 100% by Bank of China.
The CFM56-5B is the engine of choice for the Airbus A320 family and is popular with major airlines, low-cost carriers, and leasing companies alike. More than 2,700 CFM56-5B engines have been delivered to date, and the fleet is growing at a rate of about 32 engines per month. Primary factors behind the engine's broad-based market acceptance include this industry's best reliability, durability, low cost of ownership, and world-class customer and product support. The CFM56-5B is the only engine that can power every model of the A320 family, from the small A318 up to the A321, with the same bill of materials. For more information on CFM International, visit us at www.cfmaeroengines.com.