Engine Lease Finance and Bamboo Airways close spare LEAP SLB


Engine Lease Finance Corporation and Bamboo Airways announce completion of their first LEAP-1A spare engine Sale and Leaseback transaction together.

Following this new delivery from CFM,  Olaf Knuth (ELF VP Sales & Marketing) commented “we are delighted to close this transaction with Bamboo Airways and proud to welcome another new customer”.

ELF are pleased to be able to continue to support airlines and OEMs with new equipment deliveries.

Nguyen Minh Khoa, Bamboo Airways’ Director of Leasing and Procurement said: “This first spare engine delivery is essential to the operation of our growing A320Neo family fleet. We would like to thank ELF and CFM for their great work, despite the pandemic “.

About Engine Lease Finance

Engine Lease Finance (ELF) is the world’s largest independent spare engine leasing company, specialising in the provision of flexible, short to long-term spare engine leasing for the airline industry.

ELF offers a comprehensive range of individually tailored leasing-based solutions including:

  • AOG Spare Engine Support
  • Medium & Long Term Operating Leases
  • Short Term Engine SV Cover
  • Spare Engine Purchase & Lease Back
  • Engine Acquisitions & Dispositions
  • Engine & Portfolio Management Services

Please visit www.elfc.com to learn more.

About Bamboo Airways

Bamboo Airways – member of FLC Group – was officially established in 2017 in Vietnam with a head office in Hanoi. The airline aims at becoming a 5-Star airline with the strong combination of FLC’s resort ecosystem. The airline currently operates a mixed fleet of Airbus A320, Boeing 787 and Embraer EJets.

Bamboo Airways is operating more than 50 domestic and international routes, maintaining the highest on time performance rate in the aviation industry of Vietnam in both 2019 and 2020. Bamboo Airways is voted to be The Airline with the Best Service in Vietnam, The Leading Regional Airline in Asia.

Please visit www.bambooairways.com to learn more.

For further information contact Justin Phelan VP Marketing at justin.phelan@elfc.com