Aug 14, 2017: Air Lease Corporation, a leading aircraft leasing company based in Los Angeles, California, has placed an order for additional CFM International LEAP-1B engine to power 12 new Boeing 737 MAX aircraft, including five 737 MAX 7 and seven MAX 9 aircraft. The engine order is valued at $348 million U.S. at list price and deliveries are scheduled to begin in 2022.
"The LEAP-1B-powered Boeing 737 MAX aircraft is a key element in our portfolio," said Steven F. Udvar-Házy, executive chairman, Air Lease Corporation. "These advanced technology engines are delivering 15 percent better fuel efficiency and world-class reliability, both of which are paramount to the operational stability and success of our airline customers."
Air Lease Corporation (ALC) focuses in purchasing new commercial aircraft and leasing them to its airline customers globally through bespoke leasing and financing solutions.
"The LEAP-1B is performing exceptionally well in airline services," said Gaël Méheust, president and CEO of CFM International. "Reliability and operating economics are more important for airlines than ever. This continued vote of confidence from ALC signifies that they recognize the value that the LEAP-1B is delivering on both of those metrics."
The LEAP engine family has had an excellent entry into commercial service with 18 customers presently operating more than 85 aircraft on four continents. In general, the fleet has logged more than 100,000 cycles and 200,000 hours while maintaining CFM's industry-leading reliability and the highest consumption rate in this thrust class. The engine is delivering a 15 percent enhancement in fuel efficiency, with an equivalent reduction in CO2 emissions; and lower noise and NOx emissions.