• Expands CFM56-5B fleet on A320ceo
SINGAPORE — 26 January 2015 — BOC Aviation today announced at a special signing ceremony that it has selected CFM56-5B engines to power 10 new Airbus A320ceo aircraft. The order is valued at $200 million U.S. at list price. The airplane order was announced in July 2014
"This new engine order signifies our continued confidence in CFM56-powered A320 aircraft, delivering a reliable airframe and engine combination to our global customer base," said Robert Martin, managing director and chief executive officer of BOC Aviation, at a ceremony today. "It represents yet another key step in our established partnership with CFM to meet the needs of our customers."
“We are pleased to continue our great long-standing relationship with the BOC Aviation team,” said David Joyce, president and CEO GE Aviation, one of CFM's two parent companies, at today's signing ceremony. “We are very proud of the in-service record that the CFM56 engine has established in the industry; it truly is the gold standard for performance and reliability and we are honored by the continued faith that BOC Aviation and its airline customers have in our products."
The CFM56-5B is the engine of choice for the Airbus A320ceo (current engine option) family and is popular with major airlines, low-cost carriers, and leasing companies alike, having been selected to power 55 percent of all aircraft currently in service or on order. More than 6,600 CFM56-5B engines have been delivered to date to operators around the globe. 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.
CFM56 engines are a product of CFM International is a 50/50 joint company between Snecma (Safran) and GE and the world’s largest supplier of commercial aircraft engines. To date, more than 27,300 CFM56 engines have been delivered to more than 530 operators around the globe. This fleet has achieved more than 720 million flight hours as the most reliable engines in the air.
About BOC Aviation
BOC Aviation is the leading Asia-based aircraft leasing company with a portfolio of 246 owned and managed aircraft operated by 58 airlines worldwide, and another 194 aircraft on firm order, as of 30 September 2014. The Company has one of the youngest fleets in the industry with an average owned aircraft age of less than four years. The company, owned by Bank of China, is headquartered in Singapore with offices in Dublin, London, Seattle, and Tianjin.