elfc executes purchase agreement with CFM for the acquisition of 50 CFM LEAP spare engines
Shannon, Ireland, 7th August 2025 – Engine Lease Finance Corporation (elfc), one of the world’s leading independent spare engine leasing companies, is pleased to announce that it has placed an order with CFM International for the acquisition of 50 CFM LEAP engines.
This transaction, involving a mixture of LEAP-1A and LEAP-1B spare engines, marks a significant milestone in the longstanding relationship between elfc and CFM, which dates back to 1992. With 200+ CFM56 and LEAP engines already in its portfolio, this acquisition further strengthens the collaboration between elfc and CFM.
With these engines being 15% more fuel-efficient than prior generation CFM56 engines, this transaction demonstrates elfc’s commitment to continuously transitioning its portfolio towards greater fuel efficiency and resulting lower emissions. This underscores elfc’s dedication to innovation in the aviation industry.
elfc’s President & CEO Richard Hough commented on the acquisition, stating, “This order is a milestone for elfc, and we are thrilled to build on our longstanding partnership with CFM in supporting its customer base. This order represents the largest transaction elfc has executed to date, it reflects our commitment to investing in the latest and most fuel-efficient technology engines and will enable elfc to provide competitive spare engine support to customers worldwide”.
Gaël Méheust, President and CEO of CFM International has commented that “With this agreement, elfc can provide LEAP operators even more options for fleet planning with higher asset availability”.
The acquisition of these LEAP engines will significantly enhance elfc’s capabilities in providing top-tier spare engine leasing solutions to its global customers.