StandardAero signs LEAP engine services LeaseTEAM agreement with aircraft lessor Avolon
SARO•StandardAero and Avolon sign multi-year LeaseTEAM agreement
StandardAero signed a multi-year, non-exclusive LeaseTEAM agreement with aircraft lessor Avolon covering CFM LEAP-1A and LEAP-1B engine maintenance services.
The framework gives Avolon access to maintenance capacity as a backstop for lease underwriting, extending selected terms to airline customers.
It includes priority induction slots, not-to-exceed pricing for defined LEAP events, and access to spare engine capacity.
Avolon's fleet includes about 150 delivered A320neo aircraft and 54 737 MAX aircraft powered by LEAP engines.
