Announced at the 2019 Paris Air Show, LEAP engine order valued at US$2 billion at list prices

Dublin & Paris | 18 June, 2019:

Avolon Holdings Limited (“Avolon”), the international aircraft leasing company, announces an order for 140 LEAP-1A engines from CFM International to power 70 Airbus A320neo family aircraft in its order book. The order is valued at US$2 billion at list prices.

Avolon has been a customer of CFM International since its launch in 2010 and today owns a fleet of over 290 CFM-powered aircraft.

Avolon has placed orders for a total of 240 Airbus A320neo family aircraft 42 of which are delivered. Following this announcement CFM LEAP-1A engines will power 105 of these aircraft.

This order represents Avolon’s largest ever engine order to date, and one of CFM’s biggest ever engine transactions with a lessor for the LEAP engine.

Dómhnal Slattery, CEO Avolon, commented: “We are delighted to continue our longstanding relationship with CFM. Our commitment to the LEAP engine reflects our confidence in CFM’s track-record of designing and building world-class engines. Our partnership supports Avolon’s strategy to provide our airline customers with the most modern, fuel-efficient aircraft available.”

Gaël Méheust, CEO CFM International, commented: “We are happy to be part of the Avolon team and certainly appreciate their continued confidence in our people and our products. The LEAP-1A has proven to be an invaluable part of the Avolon portfolio and we look forward to working with them well into the future.”