Engine Lease Finance Corporation (elfc), headquartered in Shannon, Ireland, has announced the execution of a purchase agreement with CFM International for the acquisition of 50 LEAP spare engines. The deal, confirmed on August 7, 2025, includes a combination of LEAP-1A and LEAP-1B models and represents the largest single transaction in the company’s history.
This strategic acquisition builds on a longstanding relationship between elfc and CFM, which began in 1992. elfc already manages a substantial fleet of more than 200 CFM56 and LEAP engines, and this latest move is set to bolster its portfolio further. The new LEAP engines are recognised for their advanced technology and environmental efficiency, offering a 15% improvement in fuel consumption compared to their CFM56 predecessors.
The decision reflects elfc’s broader commitment to supporting more sustainable aviation practices. By investing in newer, more efficient engines, the company aims to assist its customers in lowering emissions and operational costs. It also reinforces elfc’s position as a forward-looking leader in the spare engine leasing market, with a focus on providing modern, high-performance solutions.
Richard Hough, elfc’s President & CEO, highlighted the importance of the agreement, describing it as “a milestone for elfc” and underlining the company’s aim to “provide competitive spare engine support to customers worldwide”. He also emphasised the significance of the transaction in strengthening elfc’s capability to meet global demand with the latest engine technology.
Gaël Méheust, President and CEO of CFM International, added that the deal enhances fleet planning flexibility for LEAP engine operators, offering increased asset availability.
