China’s ICBC places $450 Million CFM engine order
Posted 01/10/2011
ICBC Financial Leasing Co., a subsidiary of Industrial and Commercial Bank of China, has signed a memorandum of understanding with CFM International for CFM56-5B engines to power its new fleet of 22 Airbus A320 family aircraft.
The firm order, which includes three spare engines, is worth more than $450 million at US list price, according to CFMI. The Chinese leasing company is scheduled to take delivery of these aircraft in 2012.
ICBC Leasing signed a purchase agreement with Airbus in June for 42 A320s (ATW June 29).
Originally published 1 Oct 2011 at: http://feeds.atwonline.com/~r/AtwDailyNews/~3/6BFPsLKIcoc/china-s-icbc-places-450-million-cfm-engine-order-0930
Comments not enabled
