GECAS Places $1.4 Billion Order for LEAP-X Engines to Power 60 A320neo Jetliners

Released on Monday, June 20, 2011
Airbus A320neo
CO2 - Carbon Dioxide
GECAS - General Electric Commercial Aviation Services
LE BOURGET, France - 20 June 2011 - GE Capital Aviation Services (GECAS) today announced that it has selected CFM International's advanced LEAP engine to power 60 new Airbus A320neo aircraft scheduled to begin delivery in 2016. The engine order is valued at $1.4 billion U.S. at list price.

"We are very pleased to once again be partnering with GECAS," said Jean-Paul Ebanga. "We have an incredibly strong relationship with them and look forward to working with them in the future."

LEAP engines incorporate revolutionary technologies never before seen in the single-aisle aircraft segment. The new engine combines advanced aerodynamic design techniques, lighter, more durable materials, and leading-edge environmental technologies, making it a major breakthrough in engine technology. The 15 percent better engine fuel efficiency*, at current fuel prices, translates to as much as $1.6 million in fuel cost savings alone for customers per airplane, per year. LEAP technology will also achieve double-digit improvements in CO2 emissions and noise levels, all while providing the industry's best reliability and lowest maintenance costs.

Source: GECAS Places $1.4 Billion LEAP Engine Order

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