CFM Books $1.5 Billion in New Orders at Farnborough Air Show

July 26, 2000

- CFM International has recorded new orders for 232 engines valued at more than $1.5 billion at the Farnborough Air Show. These orders bring the companys total to 732 engines for the year , which represents nearly 60 percent of the market for 100+ passenger aircraft.

CFM International produces CFM56 engines and is a 50/50 joint company between Snecma Moteurs (Safran Group) of France and General Electric of the United States. Following is a recap of the orders announced: Finnair signed an agreement today with CFM to exercise options for CFM56-5B engines to power six Airbus A319/A320/A321 aircraft scheduled for delivery in 2002/2003. This engine order is valued at $60 million."

GE Capital Aviation Services , Inc. (GECAS) placed a $650 million order for CFM56-7 engines to power 65 Boeing Next-Generation 737s, including engines for 45 new firm aircraft, six previously announced aircraft (announced as unidentified customer), and 14 options exercised. GECAS also places a $450 million order for CFM56-5B engines to power 30 firm A318 and 12 A319/A320/A321 aircraft.

GATX/Flightlease has ordered CFM56-5B engines to power 14 firm, 10 option Airbus Industrie A320 family aircraft. The firm engine order is valued at $140 million. International Lease Finance Corporation (ILFC) today placed a $60 million order for CFM56-7 engines to power seven firm Boeing Next-Generation 737 aircraft.

Kuwait Finance House has announced it will purchase four Airbus A320 aircraft with CFM56-5B engines in an engine order valued at approximately $40 million. The company has appointed its leasing subsidiary, Aviation Leasing & Finance Company (ALAFCO), to manage its fleet and transactions.

debis AirFinance, a fast-growing aircraft leasing company based in Amsterdam, is a subsidiary of Daimler Chrysler and major German banks, confirmed the purchase of CFM56-5B engines to power 10 A320 family.

The U.S. Air Force (USAF) has released funding to purchase 36 additional CFM56-2 engines to re-engine four KC-135 tanker and five RC-135 recognizance aircraft for delivery in the 2001/2002 time frame.

Jamie Jewell

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Charles Soret

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Perry Bradley

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Talal Ahmed Almahmood

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