11 July 2012
FARNBOROUGH, England – Aviation Capital Group (ACG) has become the latest leasing company to select CFM International’s advanced LEAP-1A engine, announcing an order for engines to power 18 Airbus A320neo aircraft. These aircraft are part of a 30-airplane buy the company announced in November 2011. The firm engine order is valued at $450 million U.S. at list price.

 “CFM56 engines have a sterling reputation amongst our customers and we have every confidence that the LEAP product line will be just as good,” said R. Stephen Hannahs, Group Managing Director and CEO, Aviation Capital Group. “We have a large CFM-powered fleet today and look forward to introducing the LEAP engine into that portfolio.”

“LEAP technology will provide double-digit improvements in fuel burn, noise, and carbon and NOx emissions and we believe these engines will prove to be real assets for ACG and its customers” said Jean-Paul Ebanga, president and CEO of CFM International.

See full at CFM International