Mubasher: Alafco Aviation Lease and Finance Co has signed a contract with CFM International to receive 60 jet engines of advanced LEAP-1A engines to power 30 firm Airbus craft, in addition to 20 option new Airbus A320neo for ten aircraft.

This deal was initially agreed on back in 2011 and 2012, Alafco said in a filing to Boursa Kuwait on Sunday.

It noted that this agreement will not have a financial impact on the company’s position.

With this order, Alafco expands its total LEAP fleet to than 120 engines, according to a press release by CFM International.

According to CFM’s release, Alafco’s chairman Ahmed Albzbin commented, “LEAP engines continue to deliver and meet the expectations of Alafco’s customers. With high levels of efficiencies and reliability, we envisage these engines will continue to add value and furthermore play an integral role in Alafco’s continued growth.”

President and CEO of CFM International Gaël Méheust said, “We are pleased that the benefits we have built into the LEAP engine are having a very positive impact on Alafco’s customers and we pledge to continue to provide the level support they have come to expect from CFM.”