CFMI Receives $3.5 Billion In Engine Orders To Date In 1996
September 2, 1996
CFM International continues to take a substantial share of orders for 100+ passenger aircraft, having received engine orders valued at more than $3.5 billion through July. These engines represent 62 percent of the orders in that time frame. Since 1987, CFM56 engines have been ordered to power about 40 percent of all aircraft in this market.
CFM International (CFMI) is a 50/50 joint company of Snecma (Safran Group) of France and General Electric of the United States.
Some of the larger orders received in 1996 include:
- GATX: CFM56-5 and -7 engines to power 11 Airbus A320/A321 and 10 Boeing 737-800 aircraft, respectively. These orders were valued at more than $200 million.
- Northwest Airlines: CFM56-5A engines to power 20 new Airbus A320s at a value to CFMI of $230 million. This order brought Northwest's fleet to 70 A320s.
- International Lease Finance Corporation: brought its CFM56-powered fleet to nearly 350 aircraft with an order for CFM56-5 engines to power five Airbus A320s and eight A340 aircraft at a vlaue of more than $250 million.
- GE Capital Aviation Services (GECAS): more than $2 billion in orders for CFM56 engines to power nearly 300 firm and option Airbus Industrie A319/A320/A321, Airbus A340, and new Boeing 737s jetliners.
The CFM56-5 has been chosen to power nearly 85 percent of the Airbus A319/A320/A321 aircraft ordered this year. Overall, the -5 is the engine of choice for two thirds of the 966 aircraft ordered since the program was launched.
The CFM56-7 is the exclusive powerplant for the new Boeing 737-600/-700/-800 series. Since that program was launched in 1993, it has become the fastest-selling aircraft in aviation history. To date, CFMI has received orders for CFM56-7 engines to power 370 firm aircraft.
More than 11,000 CFM56 engines have been ordered or committed to date at a value of more than $40 billion.