ICBC Leasing orders CFM engines for its A320 fleet

ICBC Financial Leasing Co., a subsidiary of Industrial and Commercial Bank of China, has signed a memorandum of understanding with CFM International for CFM56-5B engines to power its new A320 aircraft it will take delivery of next year. The engines are the CFM56-5B Performance Improvement Package (PIP) configuration, which gives a 0.5% improvement in fuel burn.