China's CDB Leasing places $1.26B CFM LEAP-1A engine order

Zhuhai, China – China Development Bank Financial Leasing Co. Ltd. (CDB Leasing) has selected CFM LEAP-1A engines to power 100% of its first batch of next-generation single-aisle aircraft orders. The firm engine order is valued at $1.26 billion U.S. at list price and deliveries are scheduled between 2018 and 2021.

“What we have seen of the engine’s performance in commercial service so far has given us great confidence that it is the right engine for our new single-aisle aircraft and will provide the operating economics our customers expect, that will substantially reduce emissions which is consistent with CDB Leasing’s Green Growth core value,” said the president of CBD Leasing.

“We are so pleased by CBD Leasing’s trust in our products and service,” said Jean-Paul Ebanga, president and CEO of CFM International. 

The LEAP-1A engine entered commercial service on Aug. 2, 2016. A total of 10 aircraft have been delivered to date and the in-service fleet has logged nearly 3,000 flights to date. The engine is delivering the promised 15% improvement in fuel efficiency, along with an equivalent reduction in CO2 emissions; a 50% margin to new emissions regulations; a dramatically lower noise signature; and CFM’s industry-leading reliability and low overall operating costs.

CDB Leasing owns and manages more than 400 aircraft and ranks as one of the world’s Top 10 aviation leasing companies.

LEAP-1A engines are a product of CFM International, a 50/50 joint company between GE and Safran Aircraft Engines. To date, the company has garnered orders and commitments for more than 11,500 LEAP engines.

Source: CFM International