CALC places $500m CFM56-5B engine order

Hong Kong-based China Aircraft Leasing Company (CALC) has announced its selection of CFM56-5B engines to power 25 new Airbus A320 family aircraft. The firm engine order is valued at $500m at list price and deliveries are scheduled between 2014 and 2016. The aircraft are part of CALC’s first-ever new aircraft order; the company announced an agreement with Airbus for 36 A320 family aircraft in 2012.