Business is going well for CFM International, with some 2,700 reactors ordered last year. The joint venture between American General Electric and French engine manufacturer Safran Aircraft Engines is still riding high on the success of its best seller, the CFM56. But it’s also now especially relying on its new LEAP engine. Sold to Airbus, Boeing and Chinese Comac, LEAP makes up almost 70% of orders recorded last year.
In order to ensure a smooth transition between these two engines, production is to adapt accordingly - with the CFM56 gradually decreasing and the LEAP accelerating. Their stated goal is to see over 2,000 LEAP engines coming off the production lines per year from 2020. While the CFM56 remains the world’s best-selling aircraft engine today, it will finally bow out in about 30 years’ time.
The news comes in sharp contrast to that from Rolls Royce. The British engine manufacturer last year recorded the biggest loss in its history - at £4.6bn (over 5 billion euros). A loss partly explained by a fall in value of the pound sterling and settlement of a heavy fine after a bribery case.