Spring Airlines expands CFM56-5B fleet with $40m engine order

China’s Spring Airlines signed an agreement with CFM International for CFM56-5B engines to power two new Airbus A320 aircraft. The engine order is valued at US$40m at list price and the airline is scheduled to take delivery of the first aircraft in January 2014 and the second aircraft in July 2014. Shanghai-based Spring Airlines, established by Spring Travel in 2005, is China’s first low cost airlines. Its entire fleet consists of 33 CFM56-5B-powered Airbus A320 fleet.