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AerCap Establishes LEAP Engine JV With Air France Industries KLM Engineering & Maintenance

AerCap has today announced the establishment of a 50/50 leasing joint venture with Air France Industries KLM Engineering & Maintenance for CFM LEAP engines.



AerCap and Air France Industries KLM Engineering & Maintenance From CFM LEAP Engine Joint Venture - Courtesy AerCap
AerCap and Air France Industries KLM Engineering & Maintenance From CFM LEAP Engine Joint Venture - Courtesy AerCap

On Monday (July 20, 2026), from the Farnborough International Airshow, AerCap Holdings announced the signing of an agreement with Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) to establish a 50/50 LEAP engine leasing joint venture to support the growing demand for LEAP spare engines.  The joint venture follows the memorandum of understanding (MoU) announced at the 2025 Paris Air Show. 


In Monday’s announcement, AerCap Engines’ EVP – Tom Slattery, said,


“Through this joint venture, we will combine AerCap’s engine leasing expertise with AFI KLM E&M's world-class maintenance, repair and overhaul capabilities to help meet the growing demand for LEAP spare engines.  Together, we will provide reliable and flexible engine support solutions to AFI KLM E&M customers operating LEAP-powered aircraft worldwide, ensuring they have access to critical spare capacity as LEAP-powered fleets continue to expand.”


Also commenting on the establishment of the LEAP engine Joint Venture, Air France-KLM E&M’s EVP – Anne Brachet, said,


“The signing of this agreement to establish a joint venture with AerCap marks a significant strategic step in addressing the evolving needs of the LEAP engine market.  This joint venture will bring together complementary expertise to strengthen support for LEAP operators worldwide.  Combining AerCap’s expertise in engine leasing together with AFI KLM E&M’s extensive MRO knowledge and capabilities is the basis for a long-term partnership that will support our customers in securing critical access to spare engine capacity as we see demand for LEAP-powered aircraft continue to grow.”


The new joint venture will provide spare engine support to AFI KLM E&M customers operating LEAP-powered aircraft worldwide and is expected to initially acquire approximately 40 new CFM LEAP-1A and LEAP-1B spare engines.  Subject to regulatory approvals, deliveries are scheduled through 2032, with the first four LEAP engines expected to be available to AFI KLM E&M customers by early 2027.


Air France Industries KLM Engineering & Maintenance is a major multi-product MRO provider. With a workforce of over 12,800, AFI KLM E&M offers comprehensive technical support for airlines, ranging from engineering and line maintenance to engine overhaul, aero structure, and fan thrust reverser support, as well as the management, repair, and supply of aircraft components, structured around a powerful logistics network.  AFI KLM E&M supports almost 3,000 aircraft operated by 200 major international and domestic airlines. 


AerCap Holdings N.V. (NYSE: AER) is the global leader in aircraft leasing and maintains one of the most attractive order books in the industry. The company serves around 300 customers in 80 countries with comprehensive fleet solutions. AerCap is headquartered in Dublin and maintains offices in Shannon, Miami, Memphis, Singapore, Amsterdam, Shanghai, Dubai, Seattle, Toulouse, and other locations around the world.



Source(s): Airbus, AerCap / PRNewswire

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