AerCap Holdings N.V. today announced an order for 200 CFM LEAP-1B engines to power 100 737 MAX aircraft. The order is valued at $2.7 billion U.S. at list price.
"Our relationship with CFM International is an important one," said Margaret Kim, vice president of AerCap. "Our customers value the reliability and low cost of ownership the CFM56 engines bring to their operations and we are excited to add the new LEAP-1B-powered Boeing 737 MAX into our portfolio."
"We honored to be associated with AerCap and very pleased that CFM plays such an important role in its continued growth and long-term success," said Jean-Paul Ebanga, president and CEO of CFM International. "We appreciate the close working relationship we share."
The LEAP-1B engine promises to be the most advanced, reliable, fuel-efficient powerplant for the new generation of single-aisle aircraft. 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.
AerCap (aercap.com) is a global leader in aircraft leasing with approximately 1,800 owned, managed or on order aircraft in its portfolio. AerCap serves over 200 customers in 90 countries with comprehensive fleet solutions and provides part-out and engine leasing services through its subsidiary, AeroTurbine. AerCap is listed on the New York Stock Exchange (AER) and has its headquarters in Amsterdam with offices in Dublin, Los Angeles, Shannon, Fort Lauderdale, Miami, Singapore, Shanghai, Abu Dhabi, Seattle and Toulouse.
About CFM International
LEAP engines are a product of CFM International (cfmaeroengines.com), a 50/50 joint company between Snecma (Safran) and GE and the world's leading supplier of commercial aircraft engines. Through May 31, 2015, the company had received orders and commitments for a total of more than 8,900 LEAP engines.
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