Latest news with #CFM56-7B
Yahoo
30-07-2025
- Business
- Yahoo
StandardAero, Inc. (SARO) Expands CFM56-7B Services Portfolio With Exchange Engine Solutions
StandardAero, Inc. (NYSE:SARO) is among the 10 Best Aerospace Stocks to Buy Now. The company recently announced the expansion of its CFM International CFM56-7B services portfolio to include exchange engine solutions. The new offering introduces an added service option for Boeing 737NG customers. An aeronautics engineer inspecting a model aircraft engine in a factory setting. Under the program, StandardAero, Inc. (NYSE:SARO) will provide a serviceable CFM56-7B turbofan engine in exchange for an unserviceable powerplant. The approach offers a responsive solution for various customers, including airlines and other asset owners. The company has a proven track record of providing exchange solutions on other engine platforms and is now applying this expertise to the CFM56-7B program. StandardAero, Inc. (NYSE:SARO) recently completed a similar exchange with India's Stellar Aviation Solutions Pvt. Ltd, delivering a serviceable, warrantied CFM56-7B26/3 engine for a time-expired unit in exchange. The deal was completed in six weeks, enabling the Indian aviation firm to assist with returning a Boeing aircraft to service for urgent cargo operations. Guillaume Limouzy, Airline Sales Director for StandardAero, Inc. (NYSE:SARO)'s Airlines & Fleet business unit, stated the following on the portfolio expansion: 'StandardAero is delighted to expand its portfolio of CFM56-7B service offerings to our customers worldwide through the addition of exchange engine solutions. Working closely with our in-house asset management specialists, and our CFM56-7B MRO facilities in Dallas and Winnipeg, we are able to provide customers such as Stellar Aviation with responsive engine solutions which meet StandardAero's rigorous quality standards.' While we acknowledge the potential of SARO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Best Global Stocks to Buy Right Now and 10 Best Small Cap Defense Stocks to Buy According to Hedge Funds. Disclosure: None.
Business Wire
17-07-2025
- Business
- Business Wire
StandardAero Expands Its CFM56-7B Services Portfolio With Exchange Engine Solutions, Helping to Maximize Aircraft Availability for Boeing 737NG Customers Worldwide
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--StandardAero (NYSE: SARO), a leading independent pure-play provider of aerospace engine aftermarket services, including engine maintenance, repair and overhaul (MRO) and engine component repair, has recently expanded its portfolio of CFM International CFM56-7B services to include exchange engine solutions. StandardAero is already an OEM-authorized CFM56-7B MRO provider, with full engine overhaul and test capabilities in two locations across North America, and this new engine exchange offering introduces an additional service option for Boeing 737NG customers worldwide. Under the exchange engine program, StandardAero provides a serviceable CFM56-7B turbofan engine with strong remaining life, taking delivery of an unserviceable powerplant in turn. This approach offers a responsive and straightforward solution for a wide variety of customers, including airlines, lessors and other asset owners. StandardAero has a long and successful track record of offering exchange solutions on other engine platforms, and the company has applied this expertise to its CFM56-7B program. StandardAero recently completed such an exchange for Stellar Aviation Solutions Pvt. Ltd., a leading Indian aviation company, which took delivery of a serviceable, warrantied CFM56-7B26/3 engine (including QEC) in exchange for a time-expired unit. This deal, which was completed in just six weeks, enabled Stellar Aviation to assist with the immediate return to service of a Boeing 737-800 aircraft which was urgently required for cargo operations. StandardAero and Stellar Aviation also agreed on a future end-of-life solution for the serviceable engine after LLP expiration, and the two parties are also working on an additional engine exchange opportunity. 'StandardAero is delighted to expand its portfolio of CFM56-7B service offerings to our customers worldwide through the addition of exchange engine solutions,' said Guillaume Limouzy, Airline Sales Director for StandardAero's Airlines & Fleet business unit. 'Working closely with our in-house asset management specialists, and our CFM56-7B MRO facilities in Dallas and Winnipeg, we are able to provide customers such as Stellar Aviation with responsive engine solutions which meet StandardAero's rigorous quality standards.' StandardAero has provided the global CFM56-7B operator community with a comprehensive range of engine services from its Winnipeg location since 2010. In addition to its existing Winnipeg capabilities, StandardAero now also provides CFM56-7B MRO support from its DFW International Airport location in Dallas, TX, USA, which is seeing strong demand from Boeing 737NG operators and asset owners. These newly introduced capabilities offer operators the confidence and convenience of a second CFM56-7B engine line, enabling StandardAero to accommodate the MRO requirements of its customers around the world while also providing the assurance of test cell capability redundancy. The company provides an extensive range of additional services for the CFM56 family, including component repair and overhaul capabilities through StandardAero's Component Repair Services (CRS) segment; engine, module and used serviceable material (USM) asset management support through PTS Aviation; and engine health monitoring (EHM) data analysis services. Based in New Delhi, India, Stellar Aviation was incorporated in 2009 with a view to providing aviation consultancy services in the field of aircraft acquisition, airline project evaluation, implementation, execution and various other maintenance and operations related activities. Stellar's expertise includes advisory services for engine overhaul, engine acquisition, avionics, engine/airframe valuations, and sale and leaseback deals. Stellar and its affiliates also run a general aviation MRO at Delhi airport servicing various types of business aircraft. For more on Stellar Aviation please see CFM International, the 50/50 joint company between GE Aerospace and Safran Aircraft Engines founded in 1974, has redefined international cooperation and helped change the course of commercial aviation. Today, CFM is the world's leading supplier of commercial aircraft engines with a product line that sets the industry standard for efficiency, reliability, durability, and optimized cost of ownership for narrowbody aircraft. The company produces the LEAP and CFM56 families of engines, and supports LEAP and CFM56 fleets for more than 600 operators worldwide. StandardAero is a leading independent pure-play provider of aerospace engine aftermarket services for fixed- and rotary-wing aircraft, serving the commercial, military and business aviation end markets. StandardAero provides a comprehensive suite of critical, value-added aftermarket solutions, including engine maintenance, repair and overhaul, engine component repair, on-wing and field service support, asset management and engineering solutions. StandardAero is an NYSE listed company under the ticker symbol SARO. For more information about StandardAero, go to
Business Wire
17-06-2025
- Business
- Business Wire
Thailand's Nok Airlines Public Company Limited Selects StandardAero For CFM56-7B Engine MRO Support, Renewing Long-Term Relationship
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--StandardAero, a leading independent pure-play provider of aerospace engine aftermarket services, has recently renewed its longstanding relationship with Thai low-cost airline Nok Airlines Public Company Limited ('Nok Air') through the provision of CFM International CFM56-7B turbofan engine maintenance, repair & overhaul (MRO) workscopes in support of the airline's fleet of Boeing 737-800 narrowbody aircraft. StandardAero, a CFM International authorized CFM56-7B MRO provider, has already inducted two Nok Air CFM56-7B engines at its facility in Winnipeg, MB. Nok Air, which is famous for the bright yellow beaks on its aircraft, operates fourteen Boeing 737-800s, which are used for flights across Thailand, Southeast Asia, East Asia and South Asia. 'StandardAero is delighted to renew our partnership with Nok Air by providing the airline with reliable, cost-effective CFM56-7B support,' said Mario Romano, Airline Sales Director for StandardAero's Airlines & Fleet business unit. 'StandardAero previously provided Nok Air with Pratt & Whitney Canada PW150A engine services in support of its former fleet of Dash 8-400 turboprops for many years, and we are therefore very pleased to continue our association on the CFM56-7B platform. StandardAero's commitment to the highest levels of service quality should ensure that Nok Air is 'smiling across Asia' for many years to come!' StandardAero has provided the global CFM56-7B operator community with a comprehensive range of engine services from its Winnipeg location since 2010. In addition to its existing Winnipeg capabilities, StandardAero now also provides CFM56-7B MRO support from its DFW International Airport location in TX, USA, which is seeing strong demand from Boeing 737NG operators and asset owners. These newly introduced capabilities offer operators the confidence and convenience of a second CFM56-7B engine line, enabling StandardAero to accommodate the MRO requirements of its customers around the world while also providing the assurance of test cell capability redundancy. The company provides an extensive range of additional services for the CFM56 family, including component repair and overhaul capabilities through StandardAero's Component Repair Services (CRS) segment; engine, module and used serviceable material (USM) asset management support through PTS Aviation; and engine health monitoring (EHM) data analysis services. Nok Air is a premium budget carrier under the management of Nok Airlines Public Company Limited. Nok Air remains committed to being the best premium budget airline in Thailand and Southeast Asia, offering high-quality, convenient, and smile-filled services. With a fleet of 14 Boeing 737-800 aircraft, the airline boasts an extensive domestic network in Thailand and international coverage in India and China. CFM International, the 50/50 joint company between GE Aerospace and Safran Aircraft Engines founded in 1974, has redefined international cooperation and helped change the course of commercial aviation. Today, CFM is the world's leading supplier of commercial aircraft engines with a product line that sets the industry standard for efficiency, reliability, durability, and optimized cost of ownership for narrowbody aircraft. The company produces the LEAP and CFM56 families of engines, and supports LEAP and CFM56 fleets for more than 600 operators worldwide. StandardAero is a leading independent pure-play provider of aerospace engine aftermarket services for fixed- and rotary-wing aircraft, serving the commercial, military and business aviation end markets. StandardAero provides a comprehensive suite of critical, value-added aftermarket solutions, including engine maintenance, repair and overhaul, engine component repair, on-wing and field service support, asset management and engineering solutions. StandardAero is an NYSE listed company under the ticker symbol SARO. For more information about StandardAero, go to
Business Wire
23-04-2025
- Business
- Business Wire
Lion Air, Indonesia's Largest Privately Run Airline, Selects StandardAero for CFM56-7B Engine Maintenance, Repair & Overhaul Support
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--StandardAero, a leading independent pure-play provider of aerospace engine aftermarket services, is pleased to announced that it has been selected by leading Southeast Asian airline Lion Air to provide maintenance, repair & overhaul (MRO) support for its CFM International CFM56-7B turbofan engines. Lion Air and its subsidiaries operate over 100 Boeing 737-800 and -900 narrowbody aircraft powered by the CFM56-7B turbofan. Under the new agreement, StandardAero is supporting Lion Air with CFM56-7B performance restoration shop visits (PRSVs) from its CFM-authorized facility in Winnipeg, MB, Canada, with the first engine inducted last December. The Winnipeg location has provided a comprehensive range of engine services to the global CFM56-7B operator community since 2010, and StandardAero last year celebrated its 1,000 th CFM56-7B shop visit, highlighting the company's experience with the engine. Commenting on the announcement for Lion Air, Angga Darvinda, Head of Commercial & Powerplant Management, said: 'Lion Air is pleased to extend its long-running relationship with StandardAero through this new agreement. StandardAero has been a reliable MRO partner on our PW127M engine fleet for many years, and we are confident that they will provide a similarly high level of service in support of our CFM56-7B fleet. This collaboration marks a milestone in our long-term partnership and is expected to deliver mutual benefits for both parties,' 'The team of dedicated engine support professionals here at StandardAero is delighted to expand our existing relationship with Lion Air through this new CFM56-7B agreement,' commented Will Pitcher, Senior Vice President – Sales, Marketing & Customers for StandardAero's Airlines & Fleet business unit. 'Lion Air is one of the fastest growing airlines, in one of the industry's fastest growing regions, and StandardAero is therefore proud to TEAM™ with Lion Air to provide the airline and its subsidiaries with reliable, high quality engine services for many years to come.' In addition to its existing Winnipeg capabilities, StandardAero now also provides CFM56-7B MRO support from its DFW International Airport location in TX, USA, which is seeing strong demand from Boeing 737NG operators and asset owners. These newly introduced capabilities offer operators the confidence and convenience of a second CFM56-7B engine line, enabling StandardAero to accommodate the MRO requirements of its customers around the world while also providing the assurance of test cell capability redundancy. The company provides an extensive range of additional services for the CFM56 family, including component repair and overhaul capabilities through StandardAero's Component Repair Services (CRS) segment; engine, module and used serviceable material (USM) asset management support through PTS Aviation; and engine health monitoring (EHM) data analysis services. StandardAero also provides support for the next-generation CFM International LEAP-1A and LEAP-1B engine family from its 810,000 sq. ft. facility in San Antonio, TX, as a CFM LEAP Premier MRO provider, having signed the first non-airline CFM Branded Service Agreement (CBSA) in the Americas for the LEAP-1A and LEAP-1B in March 2023. Lion Air Group comprises of five airlines in the Southeast Asia region, catering to the market by operating as a low cost or hybrid / full fare operator in respective markets. Lion Air is one of the largest carriers in Southeast Asia with a significant presence in Indonesia. Wings Air serves as a feeder with its ATR fleet. In March 2013, Malindo was launched as a full service airline based in Kuala Lumpur. Batik Air was launched as a full service airline in May 2013, servicing domestic routes in Indonesia. In December 2013, Thai Lion launched services in Thailand as a low-cost airline. CFM International, the 50/50 joint company between GE Aerospace and Safran Aircraft Engines founded in 1974, has redefined international cooperation and helped change the course of commercial aviation. Today, CFM is the world's leading supplier of commercial aircraft engines with a product line that sets the industry standard for efficiency, reliability, durability, and optimized cost of ownership for narrowbody aircraft. The company produces the LEAP and CFM56 families of engines, and supports LEAP and CFM56 fleets for more than 600 operators worldwide. StandardAero is a leading independent pure-play provider of aerospace engine aftermarket services for fixed- and rotary-wing aircraft, serving the commercial, military and business aviation end markets. StandardAero provides a comprehensive suite of critical, value-added aftermarket solutions, including engine maintenance, repair and overhaul, engine component repair, on-wing and field service support, asset management and engineering solutions. StandardAero is an NYSE listed company under the ticker symbol SARO. For more information about StandardAero, go to
Yahoo
08-04-2025
- Business
- Yahoo
Eaton Names Air Support as First Aerospace Authorized Service Center in EMEA
ATLANTA, April 08, 2025--(BUSINESS WIRE)--Intelligent power management company Eaton signed an agreement with Air Support to provide local repair and overhaul of Eaton's engine fuel components for large commercial aircraft. Under the agreement signed today at MRO Americas, Air Support will be the first authorized service center for Eaton's aerospace business across Europe, Middle East and Africa. "Our strategic agreement with Air Support allows engine fuel pump repairs within the region, reducing turn-around-time (TAT) and freight costs for customers. It also supports the industry's sustainability initiatives around reducing emissions through the use of local support services," said Matt Norman, vice president of aftermarket and commercial services for Eaton's Aerospace Group. "Initially Air Support's repair capability will focus on the CFM56-7B engine fuel pump, but will quickly grow to include other popular engine fuel pumps. This new opportunity with Air Support highlights our dedication to providing localized, timely service and enhancing customer satisfaction." This service agreement meets Eaton's need for an authorized independent repair station to best serve customers in EMEA, enhancing repair capabilities of engine fuel products with use of official repair documentation and consistent use of OEM spare parts. Additionally, the service agreement aims to maintain an independent spares inventory to ensure competitive TAT performance and provides an approved and licensed alternative supported by Eaton. "We are honored to be appointed as an Eaton authorized service center in the EMEA region. This agreement is a major milestone for our company and strengthens our commitment to delivering high-quality service and technical expertise to customers across Europe, Middle East and Africa. We look forward to providing reliable and efficient support for Eaton products throughout the region," said Sabine Tertre, CEO of Air Support. Eaton will also continue to offer support to customers directly through its existing repair stations, ensuring the highest levels of customer satisfaction. In the aerospace industry, Eaton is a leading provider of hydraulic, fuel, oxygen, fluid and air conveyance, electrical, motion control and engine solutions, as well as aftermarket service and support, for commercial and military aircraft. Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we're helping to solve the world's most urgent power management challenges and building a more sustainable society for people today and generations to come. Founded in 1911, Eaton has continuously evolved to meet the changing and expanding needs of our stakeholders. With revenues of nearly $25 billion in 2024, the company serves customers in more than 160 countries. For more information, visit Follow us on LinkedIn. Founded in 1992, Air Support is a leading independent engine component MRO shop. Air Support is PART-145 certified by the following Civil Aviation Authorities: EASA, FAA, CAAC, and CAA. Its Quality Management System complies with ISO9001 and EN9110 requirements. Based in France and owned by Sabine TERTRE, Air Support reached a sales revenue of €61M in 2024, with a volume of 72% export sales. With more than 200 employees and more than 200 customers in 40 countries, Air Support is recognized as a trusted partner supporting major worldwide aerospace players. Air Support is focused on delivering high-quality service through controlled processing and on-time delivery (TAT of 20 days and OTD above 98%). Flexibility, responsiveness, and a service-oriented approach are the keys to meet customer satisfaction every day. For more information about Air Support visit View source version on Contacts Eaton contact: Katie Kennedy440-523-4467katiekennedy@ Air Support contact: Aurélie Lamotte+ Sign in to access your portfolio
