AAR CORP. has extended its exclusive Serviceable Engine Products agreement with FTAI Aviation Ltd. for the CFM56 used serviceable material (USM) collaboration until 2030. Under this agreement, AAR will continue managing the teardown, repair, marketing, and sales of spare parts...
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AAR CORP. has extended its exclusive Serviceable Engine Products agreement with FTAI Aviation Ltd. for the CFM56 used serviceable material (USM) collaboration until 2030. Under this agreement, AAR will continue managing the teardown, repair, marketing, and sales of spare parts from FTAI’s CFM56 engine pool, which currently includes over 450 engines.
The partnership supplies USM inventory to the global aviation aftermarket and supports FTAI’s Module Factory, a dedicated maintenance facility for CFM56-7B and CFM56-5B engine modular repair and refurbishment. Since the original agreement was signed in 2020, AAR has expanded its Component Services operations by acquiring five additional global component repair facilities, enhancing its ability to support maintenance, repair, and overhaul services for engine components.
“AAR is proud to be the exclusive service provider for this agreement with FTAI. The demand for this industry-leading engine platform continues to grow, and our collaboration supports the needs of the global aviation aftermarket,” said John M. Holmes, AAR’s Chairman, President and CEO. “AAR is pleased to combine our strong reputation for engine USM offerings, Component Services capabilities, and global sales team with FTAI’s market position through 2030.”
Joe Adams, Chairman and Chief Executive Officer of FTAI Aviation, commented on the extended agreement, saying: “We are delighted to continue our strong relationship with AAR through 2030, delivering significant value to the CFM56 aftermarket. This extension underscores our shared commitment to provide cost-effective maintenance solutions that improve efficiency and lower costs per cycle for airlines worldwide.”
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