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CFM International and Engine Lease Finance Corporation Finalize CFM LEAP Spare Engine Agreement

CFM International and Engine Lease Finance Corporation have finalized an agreement for the purchase of 50 CFM LEAP spare engines, including LEAP-1A engines for Airbus A320neo Family aircraft and LEAP-1B engines for the Boeing 737 MAX Family.



CFM LEAP-1B Engine Pictured on Boeing 737 MAX Family Aircraft - Courtesy CFM International
CFM LEAP-1B Engine Pictured on Boeing 737 MAX Family Aircraft - Courtesy CFM International

On Thursday (August 7, 2025), CFM International announced the finalization of an agreement with Engine Lease Finance Corporation (elfc) for the purchase of 50 CFM LEAP spare engines.  The deal includes both LEAP-1A engines for Airbus A320neo Family aircraft and LEAP-1B engines for Boeing 737 MAX Family aircraft. The new agreement builds on a long-standing relationship between CFM and elfc, which began in 1992 with the purchase of CFM56-3 engines. The engine lessor grew their portfolio with CFM56-5A in 1995, followed by CFM56-5B, CFM56-5C, and CFM56-7B in 1999.  In 2019, the company selected CFM LEAP-1A engines for the first time.  Currently, elfc’s portfolio includes 200 CFM spare engines, including 85 CFM LEAP engines and 115 CFM56 engines.


In Thursday’s announcement, Engine Lease Finance Corporation’s President and CEO, Richard Hough, said,


“CFM engines have been an integral part of our portfolio for over three decades.  This deal will help us continue to support our customers with the efficiency, reliability, and high utilization that they’ve come to expect from CFM engines.”


Also commenting on the new engine purchase agreement, CGM International’s President and CEO, Gaël Méheust, added,


“With this agreement, elfc can provide LEAP operators even more options for fleet planning with higher asset availability.”



CFM LEAP engines have experienced the fastest ramp-up in commercial aviation history, with over 4,000 aircraft delivered to date.  LEAP engines feature advanced technologies such as composite fan blades and ceramic matrix composites that deliver an engine that is 15 percent more fuel efficient, with 15 lower carbon emissions than previous generation CFM56 engines.  With advanced health monitoring systems and an open MRO ecosystem, CFM LEAP engines offer mature reliability, enabling high asset utilization for narrowbody aircraft.


Shannon, Ireland-based Engine Lease Finance Corporation (elfc) is one of the world’s leading independent engine leasing and financing companies, specializing in flexible short to long-term engine support packages for commercial airline and aviation industry customers. elfc’s customer base includes over 80 airlines, operators, OEMs, and MRO organizations worldwide.  Since the company’s founding in 1989, elfc has served more than 200 customers, and after 35+ successive years of profits and portfolio growth, the company has achieved remarkable success.  elfc also maintains offices in Boston, London and Singapore.


 

Source: CFM International

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