AFI KLM E&M and AerCap enter exclusive negotiations to form a LEAP joint venture

AFI KLM E&M and AerCap Holdings N.V. (“AerCap”) have announced last week that they have entered into exclusive negotiations to form a LEAP engine leasing joint c venture to support AFI KLM E&M LEAP Premier MRO customers worldwide.

Building on their existing cooperation around lease engines, AFI KLM E&M and AerCap intend to jointly own and manage a fleet of CFMI LEAP-1A and LEAP-1B engines enabling uninterrupted Airbus A320neo and Boeing 737 MAX fleet operations, while engines are going for a quick-turn or performance restoration shop visit within the AFI KLM E&M MRO network.

The formation of this joint venture, which is subject to regulatory approval, will strengthen the parties’ strategic collaboration to leverage their combined and complementary expertise in engine leasing, asset management and MRO services providing comprehensive MRO support to customers all over the world.

“This partnership represents a new chapter in our strategic relationship with AerCap,” said Anne Brachet, EVP Air France-KLM Engineering & Maintenance.

“We have been very pleased with the high level of service and support provided by Air France Industries KLM Engineering & Maintenance over the years,” said Tom Slattery, Executive Vice President, AerCap Engines.

About AerCap AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions.