Peach Aviation Places $294 Million LEAP-1A Engine Order

June 17, 2019

First LEAP engine operator in Japan

LE BOURGET — 17 June 2019 — Peach Aviation Ltd. (Peach) and CFM International today signed an agreement for the purchase of 20 LEAP-1A engines to power the airline’s new fleet of Airbus A320neo family aircraft. The agreement is valued at $294 million U.S. at list price; the aircraft were ordered in 2016.

Peach has been a CFM customer since the airline launched commercial service with CFM56-5B-powered Airbus A320ceo aircraft in 2012. Today, the airline operates a fleet of 26 CFM-powered aircraft.

"We are very happy to expand our great relationship with CFM International. We believe that the LEAP-powered A320neo aircraft will strengthen our position in the competitive Japanese aviation market. The daily utilization, fuel efficiency, and environmental benefits this engine brings will make it an important asset for our sustainable growth."

Shinichi Inoue, CEO of Peach Aviation.

"We are very excited to launch this next chapter with Peach,” said Gaël Méheust, president and CEO of CFM International. "We very much look forward to helping them introduce the LEAP engine into their fleet.

The LEAP engine entered commercial service in 2016 and is providing its more than 100 operators worldwide with a 15% percent improvement in fuel efficiency, with an equivalent reduction in CO2 emissions; and lower noise and NOx emissions. To date, the fleet in service has logged nearly 5 million engine flight hours.

About Peach (www.flypeach.com)
Peach Aviation began services based out of Kansai Airport in March 2012. Currently, in addition to Kansai Airport, Peach has hubs at New Chitose Airport, Sendai Airport, and Naha Airport with 25 aircraft that service 17 domestic routes and 16 international routes. It operates approximately 100 flights per day and is used by over 13,000 passengers daily. Peach will complete its integration with Narita-based airline Vanilla Air by the end of the 2019 fiscal year, aiming to become Asia’s leading LCC.

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ABOUT CFM INTERNATIONAL

The LEAP engine is a product of CFM International, a 50/50 joint company between GE and Safran Aircraft Engines. This engine has experienced the fastest order ramp up in commercial aviation history and CFM has received orders and commitments for a total of more than 18,750 LEAP engines, including spares, across all three models through September 2019. Web at www.cfmaeroengines.com www.cfmaeroengines.com or follow us on Twitter @CFM_engines

Contact

Jamie Jewell,

+1 513.885.2282,

jamie.jewell@ge.com

Charles Soret,

+33 6.31.60.96.79,

charles.soret@safrangroup.com

Perry Bradley,

+1 513 375 2597,

perry.bradley@ge.com