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StandardAero Signs 15-Year CFM LEAP Support Agreement with Major Middle East Airline; Engine Inductions Already Underway

1. StandardAero signed a 15-year agreement for LEAP engine services. 2. The San Antonio facility will enhance its LEAP maintenance capabilities. 3. More than 260 LEAP component repairs have been industrialized. 4. StandardAero aims for growth in its LEAP customer base. 5. CFM International leads the market for narrowbody aircraft engines.

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FAQ

Why Bullish?

The long-term agreement signals growth potential, similar to past partnerships boosting SARO.

How important is it?

The agreement directly enhances StandardAero's market position and revenue forecasts significantly.

Why Long Term?

The contract extends over 15 years, indicating sustained revenue growth opportunities.

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CFMGESAFR
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--StandardAero, a leading independent provider of engine maintenance, repair and overhaul (MRO) services, has signed a definitive 15-year agreement with a major Middle East airline to provide aftermarket services for the CFM International LEAP turbofan engine. Under the new agreement, StandardAero’s LEAP MRO facility in San Antonio, TX, will provide engine and engine component repair and overhaul, including LEAP performance restoration shop visits (PRSV) and continued time engine maintenance (CTEM) services in support of the airline’s fleet of new-generation narrowbody aircraft. StandardAero supports the LEAP-1A (Airbus A320neo) and LEAP-1B (Boeing 737 MAX) as a CFM LEAP Premier MRO provider, having signed the first non-airline CFM Branded Service Agreement (CBSA) in the Americas for the LEAP-1A and LEAP-1B in March 2023. The 810,000 sq. ft. San Antonio facility initially began accepting light workscope LEAP shop visits in March 2024 and inducted its first PRSV workscope in the second half of 2024, after completing test cell correlation for both engine variants. StandardAero now provides LEAP-1A and LEAP-1B services to a range of airline operators and asset managers across North America, Latin America, Europe, the Middle East, South Asia and Asia Pacific. These services – which include engine repair and overhaul, component repair, workscoping/forecasting, engine testing, program management, lease engine support and module swaps – are offered in a seamless fashion under StandardAero’s Total Engine Asset Management (TEAM™) services portfolio. Commenting on the announcement for StandardAero, Will Pitcher, Senior Vice President of Sales, Marketing and Customers, said: “This latest LEAP engine support agreement highlights the maturity of StandardAero’s San Antonio Premier MRO facility, our team there having performed exceptionally in industrializing a full scope of LEAP capabilities ahead of schedule since joining the LEAP MRO ecosystem in March 2023. We look forward to continuing to grow our LEAP customer base throughout 2025, as more and more A320neo and 737 MAX operators turn to StandardAero for reliable engine support.” In addition to establishing MRO capability for the LEAP-1A and LEAP-1B at its San Antonio facility, StandardAero also continues to industrialize new engine component repairs for the LEAP family through its Component Repair Services (CRS) segment’s network of locations, and its Repair Development Center of Excellence. To date, StandardAero’s CRS team has industrialized more than 260 component repairs for the LEAP-1A and LEAP-1B. StandardAero also continues to grow its team of LEAP technicians through its in-house Aviation Mechanic Training Program, located at its San Antonio site’s Training Academy. CFM International, the 50/50 joint company between GE Aerospace and Safran Aircraft Engines founded in 1974, has redefined international cooperation and helped change the course of commercial aviation. Today, CFM is the world's leading supplier of commercial aircraft engines with a product line that sets the industry standard for efficiency, reliability, durability, and optimized cost of ownership for narrowbody aircraft. The company produces the LEAP family of engines, and supports both LEAP and CFM56 fleets for more than 600 operators worldwide. StandardAero is a leading independent pure-play provider of aerospace engine aftermarket services for fixed- and rotary-wing aircraft, serving the commercial, military and business aviation end markets. StandardAero provides a comprehensive suite of critical, value-added aftermarket solutions, including engine maintenance, repair and overhaul, engine component repair, on-wing and field service support, asset management and engineering solutions. StandardAero is an NYSE listed company under the ticker symbol SARO. For more information about StandardAero, go to www.standardaero.com.

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