Engine Lease Finance Corporation Finalizes CFM LEAP Spare Engine Agreement
Published on 7th August 2025
CINCINNATI, USA – August 7, 2025 – Engine Lease Finance Corporation (elfc) and CFM International have finalized an agreement for the purchase of 50 CFM LEAP spare engines. The deal includes both LEAP-1A engines for Airbus A320neo family aircraft and LEAP-1B engines for Boeing 737 MAX aircraft.
“CFM engines have been an integral part of our portfolio for over three decades,” said Richard Hough, President and CEO of Engine Lease Finance Corporation. “This deal will help us continue to support our customers with the efficiency, reliability, and high utilization that they’ve come to expect from CFM engines.”
The agreement strengthens a long-standing relationship between CFM and elfc, which started in 1992 with CFM56-3 engines. The lessor grew its portfolio with CFM56-5A in 1995, followed by CFM56-5B, CFM56-5C, and CFM56-7B in 1999. In 2019, the company selected CFM LEAP-1A engines for the first time. Today, elfc’s portfolio includes 200 CFM spare engines, comprised of 85 CFM LEAP engines and 115 CFM56 engines.
“With this agreement, elfc can provide LEAP operators even more options for fleet planning with higher asset availability,” said Gaël Méheust, president and CEO of CFM International.”
With more than 4,000 aircraft delivered to date, CFM LEAP engines have experienced the fastest ramp in commercial aviation history. Advanced technologies like composite fan blades and ceramic matrix composites deliver an engine that’s 15% more fuel efficient, with 15% lower carbon emissions than prior-generation CFM56 engines. Backed by advanced health monitoring systems and an open MRO ecosystem, CFM LEAP engines offer mature reliability and enable high asset utilization for narrowbody aircraft.
# # #
About elfc
Headquartered in Shannon, Ireland, with offices in Boston, London, and Singapore, elfc is one of the world’s leading independent engine financing and leasing companies. elfc specializes in flexible short to long-term engine support packages for the airline commercial aviation industry. Its global business revolves around supporting the world’s airlines, and elfc’s experienced team are dedicated to consistently delivering for its valued customers. elfc’s current customer base includes more than 80 airlines, operators, OEMs, and MRO organizations worldwide. Since its foundation in 1989, elfc has served more than 200 customers, and after more than 35 successive years of profits and portfolio growth, the company has achieved remarkable success.
About CFM International
A 50/50 joint venture between GE Aerospace and Safran Aircraft Engines, CFM International has redefined international cooperation and helped change the course of commercial aviation since its founding in 1974. Today, CFM is the world's leading supplier of commercial aircraft engines with a product line that sets the industry standard for efficiency, reliability, durability, and optimized cost of ownership. CFM International produces the LEAP family of engines and supports LEAP and CFM56 fleets for operators worldwide. www.cfmaeroengines.com