Hong Kong-based China Aircraft Leasing Company (CALC) has chosen the CFM56-5B engines to power its 25 new A320 family aircraft. The firm engine order is valued at $500m and deliveries are due between 2014 and 2016. The aircraft are part of CALC’s first order for new aircraft, which was made in 2012 and comprises 36 A320 family aircraft. CALC’s previous acquisitions were made through sale and leasebacks and operating lease agreements. The lessor, which was established in 2006, plans to build its fleet to 100 aircraft by 2015.