China Development Bank Financial Leasing Co., Ltd. (CDB Leasing) has selected CFM LEAP-1A engines to power 100% of its first batch of next-generation single-aisle aircraft orders. The firm engine order is valued at $1.26bn at list price and deliveries are scheduled between 2018 and 2021. CDB Leasing thus becomes the first lessor to order all LEAP engine models — LEAP-1A for the A320neo, LEAP-1B for the Boeing 737 MAX and LEAP-1C for China’s COMAC C919.
The LEAP-1A engine entered commercial service on 2nd August 2016. A total of 10 aircraft have been delivered and the in-service fleet has logged nearly 3,000 flights to date.
The engine is reported to be delivering the promised 15% improvement in fuel efficiency, along with an equivalent reduction in CO2 emissions; a 50% margin to new emissions regulations; and a dramatically lower noise signature.
Founded in 1984, CDB Leasing was one of the first leasing companies in the PRC and one of the first CBRC-regulated leasing companies and the first IPO financial leasing company in China. The company owns and manages more than 400 aircraft and ranks as one of the world's Top 10 aviation leasing companies.