- AerCap and AFI KLM E&M signed a 50/50 LEAP engine leasing joint venture agreement.
- The venture will provide spare engine support to LEAP-powered aircraft operators.
- The joint venture will acquire approximately 40 new CFM LEAP-1A and LEAP-1B engines.
- Deliveries are scheduled through 2032.
- The first four engines will be available by early 2027.
AerCap and Air France Industries KLM Engineering & Maintenance have signed an agreement to establish a 50/50 LEAP engine leasing joint venture.
The joint venture will provide spare engine support to AFI KLM E&M customers operating LEAP-powered aircraft worldwide. The joint venture follows the memorandum of understanding revealed at the Paris Air Show in 2025.
The joint venture is expected to initially acquire approximately 40 new CFM LEAP-1A and LEAP-1B spare engines. Deliveries are scheduled through 2032, with the first four LEAP engines expected to be available to AFI KLM E&M customers by early 2027. The venture is subject to necessary approvals by the relevant authorities.
Tom Slattery, Executive Vice President of AerCap Engines, stated the joint venture would combine AerCap’s engine leasing expertise with AFI KLM E&M’s maintenance, repair and overhaul capabilities. Anne Brachet, Executive Vice President of Air France-KLM E&M, stated the joint venture would bring together complementary expertise to strengthen support for LEAP operators worldwide.
Tom Slattery, Executive Vice President of AerCap Engines, shared, “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.”
Anne Brachet, Executive Vice President of Air France-KLM E&M, shared, “This joint venture will bring together complementary expertise to strengthen support for LEAP operators worldwide.”
