Engine Lease Finance Corporation Aquires 50 CFM LEAP Spare Engines from CFM

Engine Lease Finance Corporation (elfc) announced that it 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 milestone in the relationship between elfc and CFM, which dates back to 1992. With 200+ CFM56 and LEAP engines already in its portfolio, this acquisition strengthens the collaboration between elfc and CFM.

With these engines being 15% more fuel-efficient than prior generation CFM56 engines, this transaction demonstrates elfc’s commitment to transitioning its portfolio towards greater fuel efficiency and resulting lower emissions.

elfc’s President & CEO Richard Hough commented on the acquisition, stating, “This order is a milestone for elfc, and we are thrilled to build on our longstanding partnership with CFM in supporting its customer base.  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”.

President and CEO of CFM International Gaël Méheust commented, “With this agreement, elfc can provide LEAP operators even more options for fleet planning with higher asset availability”.