ICBC Financial Leasing Co., a subsidiary of Industrial and Commercial Bank of China, has signed an MOU with CFM International for CFM56-5B engines to power its new fleet of 22 Airbus A320 family aircraft. The firm order, which includes three spare engines, is worth more than $450 million at US list prices, according to CFMI. The Chinese leasing company is scheduled to take delivery of these aircraft in 2012. ICBC Leasing signed a purchase agreement with Airbus in June for 42 A320s (ATW ...

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