GECAS places $1.77 billion CFM LEAP-1A engine order

June 15, 2015

• Takes total LEAP-1A fleet to 240 engines

LE BOURGET — 15 June 2015 — GE Capital Aviation Services (IGECAS) today announced that it has selected CFM International’s LEAP-1A engine to power 60 new Airbus A320neo aircraft. The firm engine order is valued at $1.77 billion U.S. at list price. The airplane order was announced by Airbus earlier today.

“We are pleased to continue our long, successful partnership with GECAS,” said Jean-Paul Ebanga, president and CEO of CFM International.

The LEAP-1A engine promises to be the most advanced, reliable, fuel-efficient powerplant for the new Airbus A320neo (new engine option). The engine incorporates many industry firsts, including the 3-D woven carbon fiber composite fan blade and case; the one-of-a-kind debris rejection system; fourth-generation 3-D aerodynamics; the first commercial use of ceramic matrix composites (CMCs); the revolutionary combustor design featuring fuel nozzles grown using additive manufacturing; and light-weight Titanium Aluminide airfoils. The lower weight and higher durability these components provide will result in a 15 percent improvement in fuel efficiency, with an equivalent reduction in CO2 emissions; a 50 percent margin to new emissions regulations; a dramatically lower noise signature; CFM’s industry-leading reliability and low overall operating costs.

About GE Capital Aviation Services (GECAS)
GE Capital Aviation Services (GECAS) is a world leader in aviation leasing and financing. With over 45 years of experience, GECAS offers a wide range of aircraft types including narrow-bodies, wide-bodies, regional jets/props, freighters and helicopters, plus multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, airframe parts management and airport/airline consulting. GECAS owns or services a fleet of over 2,200 aircraft (1,900 fixed wing/300 rotary wing) in operation or on order, plus provides loans collateralized on an additional 400 aircraft. GECAS serves over 270 customers in over 75 countries from a network of 24 offices. www.gecas.com

About CFM International
LEAP engines are a product of CFM International, a 50/50 joint company between Snecma (Safran) and GE. CFM is the world’s leading supplier of commercial aircraft engines, with more than 28,000 CFM56 engines delivered to 550 operators around the globe. The company has received orders and commitments for a total of more than 8,900 LEAP engines through the end of May 2015. For more information, visit us at www.cfmaeroengines.com or follow us on Twitter @CFM_engines

Jamie Jewell



Mobile:
+1 513.885.2282

jamie.jewell@ge.com

Charles Soret



Mobile:
+33 (0)6.31.60.96.79

charles.soret@safrangroup.com

Perry Bradley



Mobile:
+1 513 375 2597

perry.bradley@ge.com

Talal Ahmed Almahmood


+973 173 3819


talal.almahmood@gulfair.com