Aviation Lease And Finance Company (ALAFCO), the Kuwait-based international aircraft leasing company, has announced that it has selected CFM International's advanced LEAP-1A engines to power 35 new Airbus A320neo aircraft scheduled for delivery between 2019 and 2021.
The firm engine order is valued at approximately $840 million U.S. at list price. “We know from the high demand of our customer base how reliable and
cost-effective the CFM56 product line has been,” said Ahmad A. Alzabin, ALAFCO chairman & CEO. “Introducing the LEAP-1A-powered A320neo into our portfolio continues a very successful collaboration between us and is an important part of our long-term growth strategy. We believe the advanced technology of this engine, coupled with the legendary CFM reliability and low overall cost of ownership, will provide our airline customers even greater fuel and operating efficiency.”
cost-effective the CFM56 product line has been,” said Ahmad A. Alzabin, ALAFCO chairman & CEO. “Introducing the LEAP-1A-powered A320neo into our portfolio continues a very successful collaboration between us and is an important part of our long-term growth strategy. We believe the advanced technology of this engine, coupled with the legendary CFM reliability and low overall cost of ownership, will provide our airline customers even greater fuel and operating efficiency.”
Arabian Aerospace : Arabian Aerospace
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