CFM SAYS LATAM SELECTS CFM56-5B ENGINES FOR A320CEO AIRCRAFT

(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.) 
LATAM Selects CFM56-5B Engines for A320ceo Family 
·   Potentially valued at more than $1 billion U.S. 
·   Includes long-term service agreement 
 LE BOURGET, France -- 18 June 2013 -- LATAM Airlines Group
today  signed a memorandum of understanding with CFM
International to purchase CFM56-5B engines to power 25 firm
A321ceo and five  firm A320ceo aircraft, in additional to
options for 20 additional Airbus A321ceo (current engine option)
aircraft. 
Once finalized, the agreement will be valued at approximately
$1.1 billion U.S. at list price, including spare engines and a
long term maintenance agreement.  Under the terms of the rate
per flight hour service agreement, CFM will guarantee engine
maintenance costs on a dollar per engine flight hour basis. 
“The reliability and efficiency of these engines is unmatched.
This enables us to maintain and enhance our short haul cost
leadership and to provide our customers with the best travel
experience. The CFM56-5B very quickly became an important part
of our fleet for our long term plans” said Roberto Alvo, chief
corporate officer, LATAM Airline Group. 
LAN has been a CFM customer since 2000 and TAM since 2005.  In
2010, LAN placed the single largest engine order in the
company’s history when it chose the CFM56-5B engine to power 70
new Airbus A319/A320/A321 aircraft.  TAM has ordered 50 CFM56-5B-powered A320 family aircraft.  To date, they have taken
delivery of a combined total of 76 aircraft. 
“We are of course very pleased by LATAM’s continued confidence
in our products,” said Jean-Paul Ebanga, president and CEO of
CFM.  “Two years ago, they were the first to operate our new
CFM56-5B PIP engine we are pleased to saw that they had had a
seamless introduction into their fleet.” 
“LATAM is one of the top airline groups in the world and we
consider it an honor and a privilege to be a part of this
industry-leading team,” said Kevin McAllister, vice president of
sales for CFM parent company GE Aviation.  “We’ve worked hard to
establish a solid partnership with the group and we look for to
strengthening the relationship even further.” 
CFM 56-5B engines are a product of CFM International, a 50/50
joint company between Snecma (Safran) and GE. CFM, the world’s
leading supplier of commercial aircraft engines, has delivered
25,000 engines to date. The CFM56-5B engine powers every model
of the Airbus A320 family and has been chosen to power nearly 60
percent of all A320 aircraft in service or on order. 
About LATAM Airline Group 
LATAM Airlines Group is the new name given to LAN Airlines as a
result of the association with TAM .The association creates one
of the largest airline groups in the world in terms of network
connections, providing passenger transport services to about 150
destinations in 22 countries and cargo services to about 169
destinations in 27 countries, with a fleet of 318 aircraft. In
total LATAM Airlines Group has more than 51,000 employees. For
more information, visit www.latamairlinesgroup.net. 
# # # 
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>#
 
 
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