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Aircraft lessor Avolon puts CFMI engines on A320s

Published 04/07/2011, 04:02 AM
Updated 04/07/2011, 04:04 AM
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DUBLIN, April 7 (Reuters) - Leasing company Avolon has ordered CFM International engines for eight Airbus A320 aircraft it ordered last year.

Dublin-based Avolon chose the engines "on account of their fuel efficiency, reliability and ability to hold high residual value," a spokeswoman told Reuters on Thursday.

The engines made by CFM International, a joint venture owned by U.S. group General Electric and French company Safran, compete with a rival model from Pratt & Whitney, itself a unit of United Technologies.

Avolon bought Airbus planes in December in a deal worth over $600 million, which brought its fleet to over 60 aircraft. (Reporting by Carmel Crimmins; Writing by Conor Humphries; Editing by Dan Lalor)

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