TAP Portugal Places CFM LEAP-1A Engine Order
(Source: Safran; issued July 11, 2016)
FARNBOROUGH --- TAP Portugal and CFM International today announced the airline’s order of 83 LEAP-1A engines to power its new fleet of Airbus A320neo/A321neo aircraft. With these new engines, the Portugal's leading airline will improve its overall operating cost, as well as its operational reliability.

The aircraft order, scheduled to begin deliver in the third quarter of 2018, was announced in November 2015.

"The success of our relationship with CFM International is demonstrated by the length of our partnership," said Fernando Pinto, chief executive officer of TAP Portugal. "For more than 25 years, CFM has, provided high quality, reliable engines and good support for our fleet. We expect nothing less from the LEAP engine and look forward to introducing it into our fleet."

"TAP has been a great customer for a very long time and we couldn't be more proud of their decision to trust us with their future single-aisle fleet," said Jean-Paul Ebanga, president and CEO of CFM International. "The LEAP engine is a phenomenal product and we are confident that it will prove to be an important element in TAP's long-term growth strategy."

TAP Portugal, which celebrated its 70th anniversary in 2015, has been a CFM customer since 1990 and currently operates a fleet of 43 CFM56-5B-powered Airbus A319/A320/A321ceo aircraft and four long-range, four engine A340 aircraft powered by CFM56-5C engines.

The LEAP-1A engine powered the first flight of the Airbus A321neo in February 2016. The engine is on track for entry into service in mid-2016 on the initial A320neo and will provide operators with a 15 percent improvement in fuel efficiency, with 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 cost


TAP is Portugal's leading airline, and member of Star Alliance, the global airline alliance to offer customers worldwide reach, since 2005. In operation since 1945, TAP celebrated 70 years on March 14, 2015, and completed its privatization process in 2015, with the Atlantic Gateway Group now as new private shareholders of its share capital.

The LEAP engine is a product of CFM International, a 50/50 joint company between GE and Safran Aircraft Engines. This engine has experienced the fastest order ramp up in commercial aviation history and CFM has received orders for a total of more than 10,800 LEAP engines across all three models through June 2016.

(ends)



Standard Chartered Places $224 Million U.S Order for CFM56-7B Engines
(Source: Safran; issued July 11, 2016)
FARNBOROUGH --- Standard Chartered Bank today announced that it has ordered CFM International's CFM56-7B engine to power 10 Boeing Next-Generation 737-800 aircraft announced earlier today. The order is valued at $224 million U.S. at list price.

"The CFM-powered aircraft in our portfolio have always been solid performers for us," said Kieran Corr, Head of Aviation Finance at Standard Chartered. "The operating economics we see from the Next-Generation 737-800s with the CFM56 engines makes them an efficient asset which will help us meet demand in our core markets in Asia, Africa, and the Middle East."

Standard Chartered's current portfolio includes 49 Airbus aircraft powered by CFM56 engines, including Airbus A320 and Boeing 737 family models.

"We understand the commitment Standard Chartered has made to investing in the most modern and fuel efficient aircraft in the market and we are proud to be there to support them," said Jean-Paul Ebanga, president and CEO of CFM International.

All of these new 737-800s will be powered by the CFM56-7BE engine, which became the production configuration introduced in mid-2011. CFM used advanced computer codes and three-dimensional design techniques to improve airfoils in the high- and low-pressure turbines for better engine performance. In addition, the company improved engine durability and reduced parts count to achieve lower maintenance costs. When combined with airplane improvements, the engine provides two percent better fuel efficiency and up to four percent lower maintenance costs.


Standard Chartered’s Aviation Finance business is a leading provider of cost-efficient, lease-based and asset-based financing solutions with specialist teams in Dublin, London, Hong Kong and Singapore. Solutions include: Sale and Leasebacks; Aircraft finance leases; Islamic finance leases; Capital market solutions; Fuel and interest rate hedging products; and export credit advisory.

CFM56 engines are a product of CFM International, a 50/50 joint company between GE and Safran Aircraft Engines. CFM, the world's leading supplier of commercial aircraft engines. CFM has been the sole engine supplier for all Boeing 737 aircraft models since 1981. To date, CFM has delivered more than 17,000 engines for the 737 Classic and Next-Generation programs.

(ends)
Asiana Places $950 Million Order for LEAP-1A Engines for A321neo Aircraft
(Source: Safran; issued July 11, 2016)
FARNBOROUGH --- Asiana Airlines today announced that is has selected CFM International's LEAP-1A engine to power 25 A321neo (new engine option). The value of the order is $950 million U.S. at list price, including spare engines and a long-term support agreement. The aircraft order was announced in 2015.

To support the fleet, the airline signed a long-term Rate Per Flight Hour (RPFH) agreement under the terms of which CFM will provide maintenance support for the all of the LEAP-1A engines in Asiana's fleet on a dollar per engine flight hour basis.

Based in Seoul, Korea, Asiana Airlines has been a CFM customer since it commenced operations in 1988 with CFM56-3 powered Boeing 737 Classic aircraft.

"I believe that LEAP engine will deliver significant benefits to Asiana‘s A321neo fleet with its efficient and reliable operation. Also, our selection of the LEAP engine will be another great milestone to strengthen our important relationship with CFM International," said Mr. Soo Cheon Kim, president, Asiana Airlines.

"It is exciting to be part of such a dynamic team," said Jean-Paul Ebanga, president and CEO of CFM International. "The engine selection and management teams have done an outstanding job. It is a real privilege to see, first hand, the success Asiana Airlines continues to achieve. "

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, with 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.


Since its foundation in 1988, Asiana Airlines has fully committed itself to providing its customers with innovative, world-class services, operating 89 international passenger routes to 75 destinations in 24 countries. For cargo flights Asiana Airlines operates 26 routes to 28 cities in 12 counties.

The LEAP engine is a product of CFM International, a 50/50 joint company between GE and Safran Aircraft Engines. This engine has experienced the fastest order ramp up in commercial aviation history and CFM has received orders for a total of more than 10,800 LEAP engines across all three models through June 2016.

-ends-




prev next

Breaking News from AFP See all

Official reports See all