Engine Lease Finance Corporation (elfc) has placed an order with CFM International for the acquisition of 50 CFM LEAP engines.
This transaction, involving a mixture of LEAP-1A and LEAP-1B spare engines, marks a significant milestone in the relationship between elfc and CFM, which dates back to 1992.
With over 200 CFM56 and LEAP engines already in its portfolio, this acquisition further strengthens ties between the two companies
“This order represents the largest transaction elfc has executed to date, it reflects our commitment to investing in the latest and most fuel-efficient technology engines and will enable elfc to provide competitive spare engine support to customers worldwide,” commented elfc’s president & CEO Richard Hough.
With these engines offering a 15% improvement in fuel efficiency over the previous-generation CFM56, elfc said this transaction underscores a commitment to advancing the transition of its portfolio toward more fuel-efficient technology and reduced emissions.