CFM quiet on expected market share for A320neo engines

Phoenix
Source:
This story is sourced from Pro
See more Pro news »

CFM International president and CEO Jean-Paul Ebanga is staying mum about the amount of market share the engine maker expects to capture on the Airbus A320neo, saying "maybe one of us will get a bigger market share but we need to have a balance of the two".

Airbus is offering CFM's Leap-X and Pratt & Whitney's PW1100G as options for its new A320neo, which is expected to enter into service 2016.

Ebanga says CFM is doing "pretty good business" with the Leap-X. The firm is in talks with International Lease Finance (ILFC) to provide engines for part of the US lessor's tentative 100-aircraft order for A320neo and A321neo aircraft. ILFC has already selected the Pratt & Whitney PW1100G geared turbofan for at least 60 of the aircraft.

Asked by ATI if CFM is confident it will reach agreement with ILFC to provide the Leap-X for the balance of the 40 aircraft, Ebanga says: "The first engine has been selected and congratulations to Pratt to do this, but we are just at the beginning and I don't want to emphasize too much on this deal even on the last 40 [aircraft] engines."

He adds: "We are going to fight of course on any possible deal but we are going to do it with the appropriate discipline because we are in it for the long haul."