Lion firms up engine order

JAKARTA, 2 April 2018: Transportation Partners, the leasing arm of Lion Air Group, and CFM International finalized an order for 380 LEAP-1A engines to power Airbus A320neo/A321neo aircraft, last week.

The final engine order, which is valued at USD 5.5 billion at list price was originally announced in February 2016, while the aircraft order was announced in March 2013.

In addition to the LEAP-1A engines, Lion Air Group has also ordered 544 LEAP-1B engines to power its Boeing 737 MAX 8, MAX 9, and MAX 10 aircraft, of which 10 are current in service with Lion Air. 

Vice President Sales and Marketing GE Aviation Chaker Chahrour and President Director Lion Air Group Edward Sirait at the signing ceremony.

With a fleet of 924 LEAP engines at a total value of USD 13.4 billion at list price, Lion Group is the largest LEAP engine customer in the world.

Lion Air Group president and chief executive officer Edward Sirait said:“ Lion Air Group very pleased to partner with CFM International as part of our journey to strengthen our growth vision by adding LEAP and CFM56 engines to power our fleet.”

He added: “The new fleet of A320neo and Boeing 737 Max are critical elements for our long-term growth that will ensure Lion Air Group’s position as the leading airline in the region. We are optimistic that these engines will give us the highest efficiency and reliability to support Lion Air Group’s growth in the region.”

Lion Group, based in Jakarta, Indonesia, has been a CFM customer since 2000 and its entire single aisle narrow-body fleet in service or on order, is powered by CFM engines.

The airline group has ordered CFM56 engines to power its Airbus A320ceo and Boeing Next-Generation 737 aircraft, as well as LEAP-1A and LEAP-1B engines models for A320neo and 737 MAX aircraft, respectively.