Kuwait-based lessor Aviation Lease and Finance Co. (ALAFCO) has placed a firm order with CFM International for LEAP-1A engines, valued at $840 million at list prices. The order, announced Wednesday at the Singapore Airshow, is for engines to power Airbus A320neos that are scheduled for delivery 2019-2021 (ATW Daily News, Feb. 15). ALAFO was formed in 1992 and is a longtime CFM customer. The majority of its portfolio—44 narrowbodies—is powered by CFM56s.

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