ICBC control of the engines LEAP-1A from CFM for a total of 1.10 billion dollars U. S.

The largest chinese company of leasing in terms of size and value of the fleet.

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• Deliveries scheduled to begin in 2018.
LE BOURGET, June 19, 2017.

ICBC Financial Leasing Co., Ltd, a subsidiary of the Industrial and Commercial Bank of China (ICBC), has signed a contract with CFM International for the purchase of engines LEAP-1A that will equip forty Airbus A320neo. The motor command is estimated to be in excess of 1.10 billion dollars U. S. in the catalog price. The aircraft order was announced in 2012.

“We have choisides CFM56 engines for the first time in 2012, and the feedback very positive from our customers have convinced us that we had made the right choice,” said Mark Jiang, who directs the pole Aviation Finance of ICBC Leasing. “We are certain that the LEAP-1A will offer our customers greater efficiency and performance at the best level for their fleets of aircraft. ”

“ICBC Leasing has been one of our first clients rental companies in China “, says Gaël Méheust, President and ceo, CFM International. “We are very honoured by the confidence they continue to testify to our range of products CFM. We look forward to be given the benefit of fuel savings, the rate of high availability, and low cost of ownership that only the engine LEAP-1A is able to offer all of their customers. ”

Since the entry-into-service in 2016 of the first A320neo aircraft equipped with LEAP-1A engines have been delivered to fourteen operators in the world, in which they offer a 15% reduction in fuel consumption and CO2 emissions. The engines LEAP also allow to reduce considerably the noise level and emissions of NOx. To this day, the in-service fleet has recorded some 77 000 cycles, and over 145,000 hours of flight time, while maintaining the legendary reliability of CFM engines.

About ICBC Leasing

Within the most important financial group in the world, ICBC Leasing is the leading leasing company in China and a world leader in recording net profits continuing to rise. The branch of aeronautical leasing is now among the first five companies of the leasing value of the fleet.

The growth of ICBC Leasing is based on strong values of corporate and significant resources, with systems of risk management and assets of the world’s leading to develop the activity. ICBC Leasing has developed various aspects of the lease and the diversity of its services makes the actor the most versatile in this field, with customized solutions to an international clientele.

About CFM International

The engines LEAP are products of CFM International, a joint company 50/50 joint venture between GE and Safran Aircraft Engines. This engine has recorded the progress of orders the fastest in the history of commercial aviation, CFM has received until may 2017 orders and intentions orders for more than 12, 500 engines, in the three versions proposed.

For more information, please visit the website or follow us on Twitter @CFM_engines.

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