ALC expands CFM LEAP-1A fleet with $725 million order

Air Lease Corporation (ALC) has selected CFM International’s advanced LEAP-1A engine to power 25 additional Airbus A320neo family aircraft.  CFM values the order at $725 million U.S. at list price.  The engines are for option aircraft previously announced and are scheduled for delivery between 2019 and 2022. “We have been very impressed by what we have seen the LEAP-1A engine do in airline service,” said Steven F. Udvar-Házy, Air Lease Corporation Executive Chairman. “The fuel efficiency, high asset utilization, and world-class support are going to make it a big asset in our portfolio.”