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Farnborough: CFM books USD7.3bn in new engine contracts

22-Jul-2010 8:16 AM

CFM International announced (21-Jul-2010) new orders for more than 825 CFM56 engines, and associated long-term services contracts, in the first three days of the 2010 Farnborough Air Show with a value of more than USD7.3 billion. Total 2010 CFM56 orders now stand at 1,135 engines. Details include: 

  • LAN Airlines: Selected the CFM56-5B engine to power 70 new A319/A320/A321 aircraft for delivery beginning in 2011. The airline also signed a rate per flight-hour (RPFH) agreement. The order is valued at USD2 billion at list prices; 
  • GE Capital Aviation Services (GECAS): Announced orders for CFM56-7B and CFM56-5B engines to power 40 new B737-700/-800/-900 aircraft and 60 A320-family aircraft, respectively. The Boeing aircraft are scheduled for delivery in 2013, while the A320s will begin delivery in 2012. Combined value is USD1.4 billion at list prices;
  • Air Lease Corporation: Ordered 60 CFM56-7B-powered B737 aircraft, valued at USD840 million;
  • Air Arabia: Selected the CFM56-5B engine to power its 44 A320-family aircraft order announced in 2007. This new engine selection, which will more than double the airline's CFM56-5B powered A320 fleet, is valued at more than USD620 million;
  • Air China: Selected the CFM56-5B engine to power 20 A320 aircraft, as well as signing a RPFH agreement. The agreement is valued at USD600 million and was a previously counted, but unannounced, order;
  • China Eastern Airlines: Selected the CFM56-5B engine to power 30 new A320s scheduled for delivery in Mar-2011. The carrier also signed a RPFH agreement. This announcement is valued at USD600 million and was a previously counted, but unannounced, order;
  • RBS Aviation Capital: Ordered 43 CFM56-7B-powered B737NG aircraft at a value of USD600 million. The leasing company has already started taking delivery. This was a previously counted, but unannounced, order;
  • Norwegian Air Shuttle: Ordered 15 new CFM56-7B-powered B37-800s. The engine portion of the order is valued at USD210 million;
  • Avolon: Ordered 12 CFM56-7B-powered B737-800s, with an engine value of USD165 million;
  • OKAY Airlines: Ordered 10 CFM56-7B-powered B737NGs in an order valued at USD140 million. This was a previously counted, but unannounced, order;
  • Spring Airlines: Selected CFM56-5B engines to power four new A320s in an order valued at USD56 million. The airline is scheduled to begin taking delivery mid-2012;
  • Undisclosed: CFM also signed an additional order with a as-yet-undisclosed customer for five A320 family aircraft at a value of more than USD70 million. [more]