Nordic Aviation Capital Selects LEAP-1A Engines For A321neo Family Aircraft

• Lessor’s first direct order with CFM
• Agreement helps build lessor’s narrowbody portfolio

FARNBOROUGH, England – July 23, 2024 – Nordic Aviation Capital (NAC), a global leader in aircraft leasing, today announced an order for ten LEAP-1A engines to power five Airbus A321neo family aircraft. The agreement also includes options for two additional LEAP-powered A321neo family aircraft.

“We are pleased to sign our first direct order with CFM, further strengthening our relationship with the leading engine supplier to the A320neo/A321neo family.”

Norman C.T. Liu, President and CEO of NAC, commented, “We are pleased to sign our first direct order with CFM, further strengthening our relationship with the leading engine supplier to the A320neo/A321neo family.”

“With this order, NAC has turned to CFM to help grow its single-aisle portfolio and take our relationship to the next level,” said Gaël Méheust, president and CEO of CFM International. “We have previously worked together on various purchase and leaseback agreements for CFM56- and LEAP-powered aircraft. We are honored and pleased to now welcome NAC to the list of CFM customers.”

NAC’s portfolio includes Airbus A320ceo family aircraft with CFM56-5B engines, Boeing 737NG aircraft with CFM56-7B engines, A320neo aircraft with LEAP-1A engines, and 737 MAX aircraft with LEAP-1B engines – all of which reflect the company’s recent investment in the narrowbody market.

The CFM LEAP engine family delivers 15 to 20 percent lower fuel consumption and CO2 emissions, as well as a significant improvement in noise, compared to previous generation engines. With more than 3,300 LEAP-powered aircraft in service, the engine has allowed CFM customers to avoid 35 million tons of CO2 emissions.* The engine has been the most successful new product introduction in CFM’s 50-year history, with the fastest ramp-up of engine flight hours ever in the industry – surpassing 50 million hours in just eight years.