ICBC Leasing, a subsidiary of Industrial and Commercial Bank of China (ICBC), has signed an agreement with CFM International to purchase the advanced LEAP-1A engine to power 40 Airbus A320neo aircraft. This engine order is valued at more than US$1.1bn at list price. The aircraft order was announced in 2012. “We first selected CFM56 engines in 2012 and the very positive feedback we have had from our customers assured us that we had made the right choice,” said Mark Jiang, global head of Aviation Finance in ICBC Leasing. “We believe that LEAP-1A engine will provide greater efficiency and performance to our customers’ fleet.”
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AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada