CFM launches unique maintenance product for lessors

CFM International (CFM) has launched a unique new product offering for leasing companies called Portable Maintenance for Lessors (PML), signing a Memorandum of Understanding (MOU) with SMBC Aviation Capital to launch. The two companies plan to finalize the terms of the contract by year-end. The product will be the first of its kind in the industry and will enable leasing companies to control maintenance costs throughout the life of an aircraft, regardless of the operator to which it is leased. Under the terms of the agreement, CFM would provide engine maintenance, repair and overhaul services for leased fleets. The PML is designed to be transferrable between lessees, which will enable them to more accurately predict maintenance costs.