UK Farnborough Airshow – 14 July 2016 — China Aircraft Leasing Group Holdings Limited, the largest independent aircraft operating lessor in China, has announced its selection of CFM International CFM56-5B engines to power 20 firm and up to five options of new Airbus A320ceo (current engine option) family aircraft. The firm engine order is valued at US$430 million at list price and deliveries are scheduled between 2017 and 2018.

CALC became a CFM customer in 2013 with an order for CFM56-5B engines to power 25 Airbus A320ceo aircraft.

“Our partnership with CFM has been very good,” said Winnie Liu, Deputy CEO and Chief Commercial Officer of CALC. “The CFM56 engines in our portfolio have performed very well.  Our customers enjoy a board range of benefits from the CFM56-5B engine, including its reliability and cost efficiency. We are pleased with the level of service we receive from the CFM team.”

“We have built a great working relationship with CALC and a relatively short amount of time.” said Jean-Paul Ebanga, president and CEO of CFM International. “They are the largest independent leasing company in Asia and focus on providing modern, fuel-efficient aircraft to their customers and we are proud to be part of this team.”

CFM56 engines are a product of CFM International, a 50/50 joint company between GE and Safran Aircraft Engines and the world's leading supplier of commercial aircraft engines. The CFM56-5B engine powers every model of the Airbus A320ceo family and has been chosen to power nearly 60 percent of all A320 aircraft in service or on order.