SINGAPORE April 26, 2006 Singapore Aircraft Leasing Enterprise (SALE) today announced a firm order for 10 more Boeing Next-Generation 737 aircraft powered by CFM56-7B engines scheduled for delivery between early 2009 and late 2010. The firm engine order is valued at approximately $140 million at list price. The deal also includes 10 options and 10 purchase rights
CFM56-7B engines are produced by CFM International, a 50/50 joint company between Snecma (Safran Group) and General Electric Company. CFM is the world's leading supplier of commercial aircraft engines with more than 15, 500 engines in service with more than 450 operators worldwide.
Singapore-based SALE is one of the industry's leading aircraft leasing companies, with a portfolio of 79 modern aircraft in service with 34 customers worldwide. In 2005, the company placed an order for 20 CFM56-7B-powered 737s.
"We are obviously delighted by SALE's decision," said Eric Bachelet, president and CEO of CFM International. "We've built a great relationship together and believe it will only continue to get better over time."
The CFM56-7B brings the industry's most advanced technology to the 737, providing low operating costs, high performance, high reliability, low noise and emissions and excellent operability. Nearly 1,900 aircraft have been delivered to date, and the fleet has accumulated more than 48 million flight hours and 25 million flight cycles while maintaining a 99.96 percent dispatch reliability rate. This rate translates to less than one departure per 2,000 flights being delayed 15 minutes or more or canceled for engine-related issues. The CFM56-7 also has one of the lowest in-flight shutdown rates in the industry: .002 per 1,000 hours. The rate is equivalent to one engine-caused in-flight shutdown every 500,000 flight hours.