Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) and aviation lessor, AerCap, have entered into exclusive negotiations to form a LEAP engine leasing joint venture to support AFI KLM E&M LEAP Premier MRO customers worldwide.

The announcement, made at the Paris Air Show 2025, builds on the firms’ existing cooperation around lease engines.

AFI KLM E&M and AerCap plan to jointly own and manage a pool of LEAP-1A and LEAP-1B engines to ensure seamless operations of Airbus A320neo and Boeing 737 MAX fleets during quick-turn or performance restoration shop visits within the AFI KLM E&M MRO network.

The formation of this joint venture will benefit LEAP engine operators worldwide by offering the combined experience of a global airline-MRO that operates and maintains ‘new gen’ aircraft and engines with that of a world-class aircraft and engine lessor.

Anne Brachet, executive vice president of AFI KLM E&M, said: “This partnership represents a new chapter in our strategic relationship with AerCap. In a LEAP spare market where access to spares will be key for operators, by pooling our respective strengths in engine leasing and MRO services, we are enhancing our ability to support LEAP engine operators with greater flexibility and operational continuity.

“This new joint venture reflects our shared commitment to delivering innovative, customer-focused solutions that meet the evolving needs of the global aviation industry.”

Tom Slattery, executive vice president at AerCap Engines, said: “We have been very pleased with the high level of service and support provided by Air France Industries KLM Engineering & Maintenance over the years. This new venture not only underscores the strength of our strategic partnership but also reflects the mutual trust and commitment between our two companies and further demonstrates our confidence in AFI KLM E&M’s capabilities and our shared commitment to operational excellence.”

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