Can you give us an overview of the LEAP engine market?
Market growth for the LEAP engine is enormous, with a global replacement wave of the current generation by next-generation aircraft. The LEAP engine market is forecast to be 50% bigger than that of its predecessor, the CFM56 engine, which is already the most significant market today. We have never seen before such a high rate of aircraft delivery, which for example is expected to increase further to up to 70 a month for the A320neo! The challenges of decarbonizing airlines drives the need to put these engines into service: the LEAP-1A (for the A320neo) and the LEAP-1B (for the 737 MAX) offer operators enhanced performance in terms of fuel burn, CO2 emissions and noise levels. Operators also have very high expectations for LEAP engine reliability because the CFM56 engine was a very successful engine family.