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Oman's Low-Cost Carrier SalamAir Selects StandardAero for CFM International LEAP-1A Engine Maintenance, Repair & Overhaul Support

1. StandardAero wins MRO contract with SalamAir for LEAP-1A engines. 2. This contract could enhance StandardAero's revenue and market position.

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Why Bullish?

The contract signifies an expansion in StandardAero's operational scope, improving revenue. Previous contracts of similar nature often led to price increases for aerospace service providers.

How important is it?

The news highlights StandardAero's growth potential through strategic partnerships, which is likely to influence stock valuations positively.

Why Short Term?

Immediate revenue boost expected from the new contract, enhancing financial performance in the next quarters.

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SCOTTSDALE, Ariz.--(BUSINESS WIRE)--StandardAero, a leading independent pure-play provider of aerospace engine aftermarket services, is proud to announce its selection by SalamAir, Oman's low-cost carrier, to provide maintenance, repair & overhaul (MRO) support for the CFM International LEAP-1A turbofan engines powering its fleet of Airbus A320neo family narrowbody aircraft. StandardAero provides support for the next-generation CFM International LEAP-1A and LEAP-1B engine family from its 81.

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