- Patriot Dynamics has agreed to purchase six CFM Leap spare engines
- The order comprises three Leap-1A and three Leap-1B engines
- Patriot Dynamics is based in Fort Lauderdale, Florida
- MTU will provide long-term MRO for the engines from Fort Worth, Texas
- Patriot Dynamics describes itself as a commercial aviation asset trading and leasing firm
Patriot Dynamics has agreed to purchase six CFM Leap spare engines, comprising three Leap-1A and three Leap-1B engines. The Fort Lauderdale, Florida-based company described the deal as an important step in its strategy to expand its spare engine portfolio. Patriot Dynamics describes itself as a commercial aviation asset trading and leasing firm specialising in aircraft auxiliary power units, landing gear and engines.
MTU revealed that Patriot had agreed a long-term MRO contract covering Leap engines, which will be serviced from MTU’s facility in Fort Worth, Texas. MTU said Patriot is also exploring further leasing and asset-management arrangements for Leap engines through MTU Maintenance Lease Services.
Patriot Dynamics’ partner David Rojas described the deal as an important step. Michael Sheldon, a principal at Patriot Dynamics, said the partnership with MTU is an important step as the company builds its Leap engine platform. Sheldon’s profile lists him as owner of Miami-based Global Aeroleasing.
David Rojas shared “This is an important step in our strategy to expand our spare engine portfolio while successfully scaling and diversifying our fund structure.”
