GE Capital Aviation Services (GECAS) today select the CFM56-5B engine to power the 60 new Airbus A320 family aircraft announced earlier to day. The firm engine order is valued at $840 million U.S. at list price and the aircraft are scheduled to begin delivery in 2012.
The high reliability, long on-wing life, and low maintenance costs of the CFM56-5 make it extremely popular with major airlines, low-cost carriers, and leasing companies worldwide. All of the new GECAS CFM56-5B engines are of the Tech Insertion configuration. Through June 2010, nearly 3,900 CFM56 Tech Insertions engines had been delivered and the fleet has logged more than 17 million flight hours and 9.2 million flight cycles. CFM56 Tech Insertion became the production configuration for all CFM56-7B and CFM56-5B engines and entered service on the Boeing 737 and Airbus A320 aircraft families in 2007.
Primary factors behind the engine's broad-based market acceptance include this industry's best reliability, durability, and low cost of ownership brought about by the engine's simple, rugged architecture.
GECAS, the U.S. and Irish commercial aircraft financing and leasing business of GE, has a fleet of over 1,800 owned and managed aircraft with approximately 245 airlines in over 75 countries. GECAS offers a wide range of aircraft types and financing options, including operating leases and secured debt financing, and also provides productivity solutions including spare engine leasing, spare parts financing and management. GECAS, a unit of GE Capital, has offices in 23 cities around the world.
GE is a diversified global infrastructure, finance and media company that is built to meet essential world needs. From energy, water, transportation and health to access to money and information, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at http://www.ge.com. GE is Imagination at Work .
CFM International is a 50/50 joint company between Snecma (Safran group) and GE.