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FTAI Aviation Announces Multi-Year Materials Agreement with CFM International to Further Support CFM56 Engines
Globenewswire· 2026-01-22 13:30
Core Viewpoint - FTAI Aviation Ltd. has signed a multi-year agreement with CFM International to provide component and repair support for CFM56 engines, enhancing the maintenance and repair ecosystem for the largest commercial aircraft engine population globally [1][2]. Group 1: Agreement Details - The agreement aims to extend the life of CFM56 engines through optimized repair and maintenance offerings, supporting the global demand for current generation narrowbody aircraft [2]. - FTAI will secure OEM replacement part supply, thrust performance upgrades, and component repair, enhancing its ability to provide cost-effective engine maintenance solutions [2]. Group 2: Company Mission and Leadership Statements - FTAI's mission is to be the most efficient provider of aftermarket CFM56 engine solutions, allowing airlines to focus on operations while reducing costs and improving fleet reliability [3]. - The CEO emphasized that the agreement strengthens FTAI's capability to support the long-term maintenance needs of the global fleet, which is expected to remain robust over the next decade [3]. - The COO expressed excitement about the collaboration with CFM, highlighting that the agreement lays the foundation for a stronger CFM56 aftermarket by providing access to new parts and repair solutions [3]. Group 3: Company Overview - FTAI combines advanced turbine technology and asset ownership to serve essential markets globally [4].