CFM SAYS QANTAS ORDER HAS A VALUE OF $2 BILLION

(The following is a reformatted version of a press release
issued by CFM International and received via e-mail. The release
was confirmed by the sender.) 
Qantas Group Finalizes LEAP-1A Order 
LE BOURGET, France -- 18 June 2013 -- The Qantas Group today
finalized its order for CFM International’s advanced LEAP-1A
engine to power 78 Airbus A320neo aircraft currently on order.
The first aircraft are scheduled for delivery in 2016 and will
support Jetstar-branded airlines, the low-fare subsidiary
created by the Qantas Group. 
The engine order, originally announced as a commitment in 2012,
has a value of $2.0 billion U.S. at list price, including spare
engines. This is included in Qantas’ existing capital
expenditure forecasts. 
CEO of the Qantas Group, Alan Joyce, said the LEAP engine had
been chosen for its performance, fuel efficiency and maintenance
program. 
“We have been monitoring the LEAP development program over the
past year and we are pleased with the progress,” said Mr Joyce.
“We are confident that CFM will meet the performance, fuel
efficiency and maintenance goals it has set for the LEAP engine,
and will help unlock the kind of economics we expect from the
A320neo.” 
“We think that Qantas Group will be very pleased with the LEAP
engine,” said Jean-Paul Ebanga, president and CEO of CFM.  “We
have another year of testing under our belts and we couldn’t be
happier with where the program is right now.   We believe that
the results from our first full engine test later this year will
validate that, like our last 21 engines, LEAP engines will
deliver on our commitments.” 
“The Qantas Group continues to set itself apart,” said Kevin
McAllister, vice president of sales for CFM parent company GE
Aviation.  “We can’t wait to get the LEAP engine into this fleet
so it can start delivering the kind of reliability and lifecycle
costs that made the CFM56 family legendary.” 
The Jetstar Group is one of Asia Pacific’s fastest growing and
largest low fares network by revenue, with airlines in
Singapore, Japan, Vietnam, Australia, New Zealand and (subject
to regulatory approval) Hong Kong. It operates up to 3,000
flights a week to almost 60 destinations, including 30 in Asia
and eight in Greater China. The Jetstar Group carried around 20
million people in fiscal year 2012. 
The foundation of the LEAP engine is heavily rooted in advanced
aerodynamics and materials technology development programs.  The
engine is designed to provide 15 percent better fuel consumption
and an equivalent reduction in CO2 emissions compared to today’s
best CFM engine, along with a 50 percent reduction in oxides of
nitrogen emissions, and up to a 75 percent reduction in the
engines noise footprint.  All this technology brings with it
CFM’s legendary reliability and low maintenance costs. 
About CFM
LEAP engines are a product of CFM International, a 50/50 joint
company between Snecma (Safran) and GE and the world’s largest
supplier of commercial aircraft engines.  To date, more than
25,000 CFM56 engines have been delivered to more than 500
operators around the globe.  This fleet has achieved more than
635 million flight hours as the most reliable engines in the
air. 
About Qantas Group
Founded in the Queensland outback in 1920, Qantas has grown to
be Australia’s largest domestic and international airline.
Registered originally as the Queensland and Northern Territory
Aerial Services Limited (QANTAS), Qantas is widely regarded as
the world’s leading long distance airline and one of the
strongest brands in Australia.    The Qantas Group’s main
business is the transportation of customers using two
complementary airline brands - Qantas and Jetstar.   The Jetstar
Group is a network of value based carriers providing all day,
every day low fares across Australia, New Zealand and the Asia
Pacific region. 
# # # 
For more information, contact: 
CFM International 
Jamie Jewell            T:  513.552.2790     M:  513.885.2282
jamie.jewell@ge.com 
Rick Kennedy            T:  513.243.3372     M:  513.607.0609
rick.l.kennedy@ge.com 
Giulia Lecarrié         T:  33.1.69.87.09.29 M: 33.6.42.40.17.19
giulia.lecarrie@snecma.fr 
(sgp) NY 
#<278855.14078.3.4.1.0.76>#
 
 
Press spacebar to pause and continue. Press esc to stop.