PARIS: ILFC finalises Leap engine deal

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CFM International has signed a definitive agreement with International Lease Finance (ILFC) to supply engines to power 40 of the 100 Airbus A320neo aircraft ordered by the lessor earlier this year.

The order, which is valued at $950 million, is for a total of 80 Leap engines with delivery scheduled to begin in 2016.

"Selecting the Leap engine to power our new A320neos is right in line with our objective of providing the industry's most technologically advanced products to our customers," said ILFC chief executive Henri Courpron.

Yesterday ILFC also signed a definitive agreement with Pratt & Whitney for its PW1100G engines to power the other 60 of the lessor's Neos.