Aircraft lessor Phoenix Aviation Capital and investment firm AIP Capital have agreed to acquire a portfolio of 10 CFM LEAP-1B engines on July 12, 2024.
The engines are scheduled to be delivered sometime in the third or fourth of this year.
""This order reflects a milestone in both AIP Capital's and Phoenix's growth strategy,"" said AIP managing partner Mathew Adamo. ""We are excited to further expand our relationship with CFM and recognize the reliability, fuel efficiency, and performance of the LEAP engine family.""
Phoenix is managed by AIP Capital.
CFM - a 50/50 joint company between GE Aerospace and Safran Aircraft Engines - CEO and president Gael Meheust added: ""This agreement bolsters our shared mission to reduce aviation's environmental impact and to lower operational costs for airlines through advanced technology and exceptional service and support.""
Phoenix also has an orderbook 30 737 MAX 8 aircraft.
Phoenix Aviation Capital and AIP Capital agree to acquire 10 CFM LEAP-1B engines
