StandardAero has signed a general terms agreement (GTA) with global aircraft lessor AviLease. The agreement enables StandardAero to provide AviLease with MRO services for the CFM International LEAP-1A, LEAP-1B and CFM International CFM56-7B engines in support of its global leasing activities.
Headquartered in Saudi Arabia and backed by the long-term capital of its visionary shareholder, the Public Investment Fund (PIF), AviLease aims to become a top-ten global aircraft leasing company. Acting as a dynamic capital allocator, AviLease owns and manages a portfolio of 200 predominantly new-technology, fuel-efficient aircraft on long-term lease to 53 airline customers. With a seasoned global team of 95 professionals across five offices, AviLease serves as a national champion in aircraft leasing and plays a key role in Saudi Arabia’s Vision 2030 and National Aviation Strategy.
Commenting on the agreement for StandardAero, Olivier Ruffet, Vice President Sales – EMEA, said: “StandardAero is delighted to establish a relationship with AviLease through this new agreement, which will enable our teams of LEAP and CFM56 engine MRO experts to provide responsive support to AviLease and its airline customers. We look forward to delivering high-quality engine services as AviLease continues its dynamic growth journey in the years ahead.”
StandardAero provides support for the next-generation CFM International LEAP-1A and LEAP-1B engine family from its 810,000 ft² facility in San Antonio, Texas. In March 2023, the company signed the first non-airline CFM-branded service agreement (CBSA) in the Americas covering both the LEAP-1A and LEAP-1B.
