Air Lease Corporation (www.airleasecorp.com) has finalised its order for additional CFM International LEAP-1B engines to power 12 new Boeing 737 MAX aircraft (five 737 MAX 7 and seven MAX 9 aircraft). The order is valued at $348 million at list price, and deliveries are scheduled to begin in 2022.

John Plueger, CEO and president of Air Lease Corporation, said: “The LEAP-1B-powered Boeing 737 MAX aircraft is a key element in our port-folio. These advanced-technology engines are delivering 15% better fuel efficiency and world-class reliability, both of which are paramount to the operational stability and success of our airline customers. The LEAP engine family has had an exceptional entry into commercial service, with 18 customers currently operating more than 85 aircraft on four continents. Overall, the ‘fleet’ has logged more than 100,000 cycles and 200,000 hours.”