Air China Places $345 Million CFM56-5B Engine Order

Chinese flag carrier Air China has selected the CFM56-5B engine to power its new fleet of 24 Airbus A321s. The engine order is valued at approximately $345 million at list price and the airline will take delivery between 2008 and 2012. Air China Limited has been a CFM customer since 1986 and operates more than 100 CFM56-powered aircraft. In addition to the engine order, Air China will sign a 15-year maintenance agreement covering engine overhaul and repair of its new engines. For the existing fleet, Air China will sign a 15-year material agreement that will provide the airline with a full range of new, used, and repaired material offerings tailored to the specific requirements of each individual overhaul. Also, Air China and CFM have agreed to establish an maintenance repair, and overhaul (MRO) joint venture. More