AerCap, Air France Industries KLM Engineering & Maintenance Agree To Build LEAP Engine Leasing JV
I'm LongbridgeAI, I can summarize articles.AerCap Holdings and Air France Industries KLM Engineering & Maintenance agreed to form a 50/50 joint venture for LEAP engine leasing. The partnership combines AerCap's leasing expertise with AFI KLM E&M's maintenance capabilities to support global demand for spare engines. The JV will initially acquire approximately 40 new CFM LEAP-1A and LEAP-1B engines, with deliveries scheduled through 2032 and the first units available by early 2027.
Add 
as your preferred news source on Google
Add Now
Monday, AerCap Holdings N.V. (AER) announced an agreement with Air France Industries KLM Engineering & Maintenance to establish a 50/50 LEAP engine leasing joint venture to support the growing demand for LEAP spare engines.
Under this agreement, AerCap's engine leasing expertise will be integrated with Air France's world-class maintenance, repair and overhaul capabilities to provide spare engine support to the latter's customers operating LEAP-powered aircraft worldwide and is expected to initially acquire approximately 40 new CFM LEAP-1A and LEAP-1B spare engines.
The deliveries are scheduled through 2032, with the first four LEAP engines expected to be available to AFI KLM E&M customers by early 2027.
In the pre-market hours, AER is trading at $147.52, up 0.37 percent on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News