AerCap Holdings N.V. and Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) announced they have entered into exclusive negotiations to form a LEAP engine leasing joint venture. This partnership aims to support AFI KLM E&M's LEAP Premier MRO customers worldwide.
The proposed joint venture intends to jointly own and manage a fleet of CFMI LEAP-1A and LEAP-1B engines. This will enable uninterrupted operations for Airbus A320neo and Boeing 737 MAX fleets while their engines undergo maintenance or performance restoration.
This strategic collaboration leverages the combined expertise of AerCap in engine leasing and asset management with AFI KLM E&M's MRO services. The initiative is expected to provide greater flexibility and operational continuity for LEAP engine operators, addressing a key demand in the market.
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