Order Valued at $140 million
See press release for further details
SMBC Aviation Capital orders additional CFM LEAP-1A engines
Order valued at US $140 million at list prices
Company now has 35 aircraft on order with LEAP-1A engines
Dublin, Ireland, 19 May 2016: SMBC Aviation Capital, one of the world's largest aircraft leasing companies, announces that it has ordered 10 CFM International LEAP-1A engines to power five of its Airbus A320neo aircraft. The engine order is valued at US $140 million at list prices and is a follow-on to SMBC Aviation Capital's initial order for 60 LEAP-1A engines that the company announced at the Paris Air Show in June 2015. The aircraft are part of an order for 110 A320neos that SMBC Aviation Capital announced in 2014.
A long-time CFM customer, Dublin-based SMBC Aviation Capital currently has a fleet of more than 350 aircraft powered by CFM56 and LEAP engines in service or on order.
Commenting on the order, Peter Barrett, CEO of SMBC Aviation Capital, said: "We are very pleased with the performance of the LEAP-1A engine during its ground and flight test programme. This engine will deliver the reliability our customers have come to expect from CFM and we look forward to introducing it into our portfolio."
Jean-Paul Ebanga, president and CEO of CFM International, said: "SMBC Aviation Capital has a large portfolio of CFM-powered aircraft today and we are pleased by the continued confidence the company shows in our products. We are proud of the positive impact our engines have had on the long-term profitability of their airline customers and look forward to growing this important relationship well into the future."
The LEAP-1A engine is on track for entry into service in mid-2016 and will provide operators with: a 15 percent improvement in fuel efficiency; an equivalent reduction in CO2 emissions; a 50 percent margin to new emissions regulations; a dramatically lower noise signature; and CFM's industry-leading reliability and low overall operating costs.
For more information, contact:
SMBC Aviation Capital
Orla Benson T: 353 1 8599067/ 353 87 8033262 firstname.lastname@example.org
Rob Greening T: 44 207 250 1446 email@example.com
Jamie Jewell T: 513.552.2790 M: 513.885.2282 firstname.lastname@example.org
Rick Kennedy T: 513.243.3372 M: 513.607.0609 email@example.com
Giulia Lecarrié T: 188.8.131.52.09.29 M: 184.108.40.206.17.19 firstname.lastname@example.org
About SMBC Aviation Capital
SMBC Aviation Capital is one of the world's largest aircraft leasing companies, with over 150 airline and investment customers in over 50 countries. As at 31 March 2016, the company owns, manages and is committed to 665 aircraft valued at c$16billion. Established in 2001, the company rebranded to SMBC Aviation Capital in 2012, following its $7.3 billion acquisition by a consortium comprising of two of Japan's biggest companies - SMFG and Sumitomo Corporation. The company has 160 people across 10 global locations. For more information, visit www.smbc.aero
About CFM International
LEAP engines are a product of CFM International, a 50/50 joint company between Snecma (Safran) and GE and the world's leading supplier of commercial aircraft engines, with more than 29,000 delivered to operators around the globe. Through March 31, the company had received orders and commitments for a total of more than 10,400 LEAP engines. For more information, visit us at www.cfmaeroengines.com or follow us on Twitter @CFM_engines