PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Safran Group

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Avolon to Order CFM-powered 737 MAX, Next-Generation Aircraft - Combined order valued at $585 million U.S - CFM56.com
Avolon to Order CFM-powered 737 MAX, Next-Generation Aircraft

 

NewswireToday - /newswire/ - Farnborough, United Kingdom, 2012/07/11 - Combined order valued at $585 million U.S - CFM56.com. PAR: SAF | SAFRAN

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Aviation/Aerospace Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Dublin, Ireland based aircraft leasing company Avolon today announced that it plans to order LEAP-1B engines to power 15 Boeing 737 MAX aircraft, along with CFM56-7BE engines to power 10 Next-Generation 737s. The total engine value is approximately $585 million U.S. at list price. Avolon has been a CFM customer since its launch in 2010 and already owns a fleet of 56 CFM-powered aircraft.

“This expansion of our relationship with CFM builds on many years of successful partnership. Not only does CFM build world-class engines, they also listen to and understand their customers and always respond in a timely, professional and creative way. They are a pleasure to deal with and we look forward to growing the relationship further,” said John Higgins, president and chief Commercial Officer of Avolon.

“We are excited to expand our relationship with this dynamic and successful leasing company,” said Jean-Paul Ebanga, president and CEO of CFM International. “Avolon’s focus is on modern, fuel-efficient airplanes and we are happy to be part of the team that provides them.”

“The CFM56-7BE and LEAP-1B are going to provide the kind of operating economics that Avolon and its customers are looking for,” said Gael Meheust, vice president of Sales for CFM International. “The company has shown impressive growth in a very short time. They have a very clear strategy that they are executing flawlessly and we see very good things ahead for them, and CFM will be with them every step of the way.”

The LEAP-1B, which is the result of an exhaustive six-year collaboration effort with Boeing, is the exclusive powerplant for the new 737 variant, with the engine uniquely optimized for the airplane. The 737 MAX continues a 30-year relationship between CFM and Boeing; CFM engines have been the sole powerplant for all 737 aircraft sold since 1981.

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.

As a result, operators of the 737 MAX will achieve 13 percent lower fuel burn compared to today’s best CFM56-powered 737; an equivalent reduction in carbon emissions; a 50 percent reduction in NOx emissions versus current ICAO CAEP/6 requirements; a 75 percent reduction in the aircraft noise footprint; all while maintaining the benefits of CFM’s legendary reliability and low maintenance costs.

LEAP engines are a product of CFM International a 50/50 joint company between Snecma (Safran group) and GE.

About Avolon
Avolon is a leading global aircraft lessor, providing aircraft leasing and lease management services to airlines and aircraft investors worldwide. Avolon has raised US$4.6 billion in capital since launch, demonstrating the investment appeal and compelling long term growth prospects of the business and the strength of the management team assembled. Avolon’s primary asset focus is on young, fuel-efficient, single-aisle aircraft such as the high-demand Airbus A320 family and Boeing 737NG family. The company also invests selectively in best-in-class twin-aisle aircraft such as the Airbus A330 family and Boeing 777 family. Avolon’s portfolio comprises a balance of new aircraft ordered directly from Boeing and Airbus, together with young aircraft acquired through sale and leaseback transactions. The result is a risk-balanced portfolio of quality assets and a fully-rounded product offering for customers.

For more information, contact:
Jamie Jewell
T: 513.552.2790 / M: 513.885.2282 - E: jamie.jewell[.]ge.com.

Rick Kennedy
T: 513.243.3372 / M: 513.607.0609 - E: rick.l.kennedy[.]ge.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Aviation/Aerospace Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Safran Group

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Aviation/Aerospace articles,
CATCH Visitors via Your Competitors Announcements!


Avolon to Order CFM-powered 737 MAX, Next-Generation Aircraft

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

CFM56 | GE
Publisher Contact: Antoinette Menard - Snecma.fr 
+33(0)1 69 87 09 28 / +33(0)6 74 78 10 65 antoinette.menard[.]snecma.fr
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Safran Group securities in any jurisdiction including any other companies listed or named in this release.

Aviation/Aerospace via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Safran Group / Company Profile


Read Aviation/Aerospace Most Recent Related Newswires:

Embraer and American Airlines Sign a Contract for Four Additional E175s
Embraer Enters Innovation Partnership with Uber Elevate Network
Safran Celebrates Delivery to Airbus of 100th Propulsion System for A320neo
Rolls-Royce and Safran Celebrate the Opening of New Aerospace Plant in Poland
Leonardo - AW169 Helicopter Selected by the Argentine National Gendarmerie
Embraer Selects Panasonic for IFE Solutions for the E-Jets E2
Savis, Bradar and Rockwell Collins Announce A Defense Solutions Cooperation Agreement At LAAD
EPI Signs Support Contract for TP400 Engines Powering Malaysia’s A400M Military Aircraft
Embraer Flies Fourth E190-E2 Prototype and Advances in the Certification Campaign
Successful Syndication of A €4bn Acquisition Bridge Facility for Safran
Brazil’s Azul Becomes the E195-E2 Launch Operator
Boeing 737 MAX 8 with CFM LEAP-1B Engines Receives FAA Certification
Leonardo Strengthens Strategic Partnership with Shanghai Zenisun in the Chinese Civil Helicopter Market
Leonardo's Air Traffic Control Innovations Are on Show At the 2017 World Air Traffic Management (ATM) Congress in Madrid
Bell Helicopter and Safran Celebrate First Delivery of the Bell 505 Jet Ranger X

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)