CFM wins order to power Airbus A320neos for ALAFCO

PARIS | Wed Feb 15, 2012 6:29am EST

PARIS Feb 15 (Reuters) - CFM International, an aircraft engine venture between General Electric and France's Safran, won a contract to supply engines for 35 Airbus A320neo planes on order from Kuwait-based leasing group Aviation Lease and Finance Company (ALAFCO).

The deal for the LEAP-1A engines is worth about $840 million at list prices, and the aircraft are due to be delivered between 2019 and 2021, Safran said in a statement on Wednesday.

European planemaker Airbus announced on Tuesday that the aircraft lessor had ordered an additional 35 of the revamped A320neos - more fuel-efficient re-engined versions of its A320 family - taking ALAFCO's total orders for the plane to 85.

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