Singapore Airshow, Singapore and Hong Kong, 20 Feb 2024） - China Aircraft Leasing Group Holdings Limited ("CALC" or the "Company", together with its subsidiaries, the "Group"; SEHK stock code: 01848), a full value chain aircraft solutions provider for the global aviation industry, is pleased to announce that the Group has signed the agreement for the purchase of 40 LEAP-1A engines with CFM International (“CFM”) during the Singapore Airshow 2024, reinforcing the Group’s dedication to its fleet efficiency and sustainability.

CALC currently maintains a quality portfolio of 93 CFM56-5B/7B engines powered fuel-efficient aircraft leased to 20 operators and 38 LEAP-powered aircraft leased to 10 operators. This new order, along with the upcoming aircraft to be delivered in 2024, will bring CALC’s accumulated order for LEAP-1A powered A320neo & A321neo up to 66 aircraft.

“We are proud to continue our journey with CALC, one of the industry leading companies in the aircraft leasing market, “said Gaël Méheust, President and CEO of CFM International. “Their continued trust in our product is a great responsibility that drives us to consistently provide CFM world-class support to LEAP customers, in order for them to maximize the availability rate of their fleet.”

“We have long-standing relationship with CFM who has been a key partner of our sustainable growth over the past decade,” said Mike Poon, Executive Director and Chief Executive Officer of CALC.“Joining hands again, CALC will continue to invest in the in-demand latest technology aircraft and fulfill our commitments to driving a sustainable aviation through our one-stop green fleet solutions.”

According to CFM, the Leap engine family provides 15 to 20 percent better fuel consumption and lower CO2 emissions. Since its entry into service in 2016, the LEAP engine has enabled customers to save more than 35 million tons of CO2*. 

*Compared to same flights powered by CFM56 engines.