ILFC Inks Leasing Deals for CFM Engines

Paris Air Show » 2013
ILFC president and CEO Henri Courpron, left
ILFC president and CEO Henri Courpron, left, has signed several leasing deals this week. Here, he inks a contract Pratt & Whitney president and CEO David Hess for P&W’s PurePower PW1100G-JM engines for ILFC’s growing fleet of Airbus A320neos.
June 20, 2013, 1:35 PM

International Lease Finance Corporation (ILFC) has been busy announcing a procession of airframe and engine deals here in Paris. On Tuesday, the company announced it had signed for CFM International Leap-1A engines to power a further 20 Airbus A320neo jetliners. That brought the total backlog to 60 shipsets. With the aircraft scheduled to begin deliveries in 2016, the new order is valued at $510 million.

Yesterday, ILFC CEO Henri Courpron joined Pratt & Whitney president David Hess at the United Technologies chalet for two new order announcements. The first involved further IFLC orders for Airbus A320neo single-aisle aircraft. It added shipsets for 30 additional airliners (60 engines) for a total of 180 P&W PurePower PW1100G-JM engines on order. The executives also announced a letter of intent that would have Pratt & Whitney supplying up to 200 PurePower PW1900Gs for as many as 100 Embraer E-Jets E2s.

ILFC also revealed that Aerolineas Argentinas has agreed to lease four Airbus A330-200s from ILFC. At the P&W pavilion, Courpron said, “It’s been a great week. We have confirmed orders for 150 Neos. We’re putting our money where our mouth is with Pratt & Whitney.” He added that the decision to sign the LOI with Embraer was influenced by the airframer’s decision to choose the PW1900G.

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