KUALA LUMPUR, Jan 9 -- Willis Lease Finance Corporation has placed an order with CFM International for up to 60 LEAP engines with a value of nearly US$900 million at list prices. (US$1 = RM4.09)
This includes both firm and option orders for LEAP-1A and LEAP-1B engines, which the Company will use to support its customers operating Airbus A320neo and Boeing 737 MAX aircraft.
According to a statement, these newly-ordered engines will begin delivering this year and add to the eight LEAP engines the Company currently owns.
“As we have said before, our customers continue to express their preference to borrow spare engines when they’re needed, rather than owning a large number of engines that will generally be under-utilised,” said chairman and chief executive officer, Charles F. Willis.
“This preference has supported utilisation of the LEAP engines we already own, and we believe our ConstantAccess programme, among others, will continue to drive efficiency, and thus value, for our customers.
“We are excited to show confidence in the market, support the LEAP programme and invest in jobs, both domestically and abroad, by placing the largest order in the Company’s nearly 40-year history.”
-- BERNAMA
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