AAR and Fortress Transportation and Infrastructure Investors (FTAI) have signed an exclusive seven-year CFM56 used serviceable material (USM) partnership deal.
The partnership will provide CFM56 engine material to the global aviation aftermarket, as well as FTAI’s own consumption at its dedicated commercial maintenance centre.
AAR will manage the teardown, repair, marketing and sales of spare parts from FTAI’s CFM56 engine pool, totalling more than 200 engines.
“AAR is very pleased to partner with FTAI, a leader in aircraft engine ownership, by leveraging our extensive USM capabilities to offer CFM56 serviceable engine material to the global commercial aviation aftermarket,” said AAR’s president and chief executive officer John Holmes.
“This partnership positions us well to service the growing demand for USM on a leading engine platform as customers increasingly prioritise more cost-efficient solutions.”
FTAI’s chairman and chief executive officer Joe Adams commented: “We are excited to offer an attractive USM solution to the CFM56 aftermarket with our partner AAR, the independent market leader in aviation parts.
“We believe serviceable engine products, combined with our proprietary products and partnerships, completes our unique suite of CFM56 aftermarket offerings aimed at delivering the lowest cost per cycle solution to our airline customers.”