Asia/Pacific

Hanwha Aviation brings four CFM56 engines to market available for lease

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Hanwha Aviation brings four CFM56 engines to market available for lease
Hanwha Aviation has brought four CFM56 engine assets to the market that are available for lease from July 2024. The assets include one CFM56-5B4/P, one CFM56-7B24, and two CFM56-7B26. Speaking to Airline Economics, Hanwha Aviation CEO Jeff Lewis said on July 2, that it had seven engines in its portfolio, four of which are now on lease and three it has ""started marketing this week for lease."" Lewis added: ""We have a pipeline of an additional four engines under agreement for closing in July."" The initial announcement was made via a post on the company's LinkedIn page. Hanwha Aviation launched in May as South Korea's Hanwha Group's engine leasing platform with a long-term vertically integrated strategy for newer engine assets with operations in Singapore, Ireland, and the US. ""Hanwha Aviation will provide customers and industry partners with a compelling transaction platform for trading, leasing, and asset management of aero-engines and aircraft,"" said Jeff Lewis, CEO of Hanwha Aviation. On the post, an apparent SpiceJet powerplant team leader commented that it needed a ""few"" CFM56-7b engines on lease.