CFM International has partnered with Avolon, an international aircraft leasing company, to provide 80 CFM LEAP-1B engines to power Avolon’s recent order for 40 Boeing 737 MAX Family airplanes.
On Friday (July 21, 2023), CFM International announced that aircraft lessor Avolon has signed an agreement for 80 LEAP-1B engines to power their recent order for 80 Boeing 737 MAX Family jets. The airplanes are scheduled for delivery between 2027 and 2030. Avolon has been a CFM customer since the lessor launched operations in 2010, and has committed to a fleet of over 400 CFM-powered aircraft in their fleet. The advanced LEAP engine Family has amassed more than 33 million flight hours and 15 million flight cycles, making it the fastest accumulation of flight hours for any engine family in commercial aviation history. Since entering service, the LEAP-1B engine has accumulated over 10.5 million flight hours and 4.0 million cycles.
In Friday’s announcement, CFM International’s President & CEO, Gaël Méheust, said,
“We are pleased to partner with Avolon and grateful for their continued confidence in the LEAP engine. The LEAP-1B is doing incredibly well in commercial service. Every day, the LEAP product is delivering world-class fuel efficiency and utilization, fulfilling the commitment we made to customers.”
Also commenting on the engine order, Avolon’s CEO, Andy Cronin, added,
“We are delighted to continue our long-term standing relationship with CFM, This commitment reinforces Avolon’s effort to increase the proportion of new-technology, fuel-efficient aircraft in our fleet, supported by the 737 MAX’s use of the latest LEAP-1B engines.”
Compared to previous generation engines, CFM International’s LEAP engines deliver a 15-20 percent reduction in fuel consumption and CO2 emissions, as well as a significantly lower noise footprint. Since entering service in 2016, LEAP engines have allowed customers to save more than 20 tons of CO2 emissions compared to the same flights powered by previous generation engines.
Headquartered in Ireland, Avolon is a major international provider of aircraft leasing and lease management services. The company also has offices in the U.S., Dubai, Hong Kong and Singapore. Avolon is 70 percent owned by an indirect subsidiary of Bohai Leasing Co., Ltd., a public company listed on the Shenzhen Stock Exchange, and 30 percent owned by ORIX Aviation Systems, a subsidiary of ORIX Corporation.
Founded in 1974, CFM International is a 50/50 joint venture between GE Aerospace and Safran Aircraft Engines. Today, the company is the world’s leading supplier of commercial aircraft engines, which are known for their efficiency, reliability, durability, and optimized cost of ownership. CFM produced the LEAP Family of engines and supports LEAP and CFM56 fleets for worldwide operators.
Source: CFM International