Standard Chartered Bank Selects CFM56-7B Engine to Power 10 Boeing 737-800s


Released on Monday, July 11, 2016
Boeing 737-800
CFM56-7
CEO - Chief Executive Officer
FARNBOROUGH - 11 July 2016 - Standard Chartered Bank today announced that it has ordered CFM International's CFM56-7B engine to power 10 Boeing Next-Generation 737-800 aircraft announced earlier today. The order is valued at $224 million U.S. at list price.

"The CFM-powered aircraft in our portfolio have always been solid performers for us," said Kieran Corr, Head of Aviation Finance at Standard Chartered. "The operating economics we see from the Next-Generation 737-800s with the CFM56 engines makes them an efficient asset which will help us meet demand in our core markets in Asia, Africa, and the Middle East."

Standard Chartered's current portfolio includes 49 Airbus aircraft powered by CFM56 engines, including Airbus A320 and Boeing 737 family models.

"We understand the commitment Standard Chartered has made to investing in the most modern and fuel efficient aircraft in the market and we are proud to be there to support them," said Jean-Paul Ebanga, president and CEO of CFM International.

All of these new 737-800s will be powered by the CFM56-7BE engine, which became the production configuration introduced in mid-2011. CFM used advanced computer codes and three-dimensional design techniques to improve airfoils in the high- and low-pressure turbines for better engine performance. In addition, the company improved engine durability and reduced parts count to achieve lower maintenance costs. When combined with airplane improvements, the engine provides two percent better fuel efficiency and up to four percent lower maintenance costs.

Source: STANDARD CHARTERED PLACES $224 MILLION U.S. ORDER FOR CFM56-7B ENGINES

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