StandardAero signs LEAP services pact with global lessor Avolon
StandardAero entered a multi-year LeaseTEAM agreement with global lessor Avolon to provide CFM LEAP-1A and LEAP-1B engine services. The non-exclusive deal offers Avolon's customers priority induction bookings and not-to-exceed pricing to minimize downtime. StandardAero will deliver these services from its San Antonio facility, where it has completed multiple performance restoration shop visits.
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StandardAero has signed a LeaseTEAM agreement with global leasing company Avolon to provide a broad range of CFM International LEAP-1A and LEAP-1B engine services. The multi-year agreement, on a non-exclusive basis, will provide Avolon’s customers with access to maintenance, repair, and overhaul (MRO) services designed to support its fleet of approximately 150 delivered Airbus A320neo and 54 Boeing 737 MAX aircraft. This partnership acts as a backstop to Avolon’s maintenance requirements, enhancing flexibility for its airline customer base across North America, Latin America, Europe, the Middle East, Africa, South Asia, and the Asia-Pacific region.
Scope of Services
Under the agreement, Avolon can extend elements of the framework to its airline customers, leveraging its scale and purchasing power. Key benefits include priority induction bookings to reserve engine maintenance slots in advance and not-to-exceed pricing on defined LEAP maintenance events. These measures aim to minimize aircraft downtime and maintenance costs for operators.
StandardAero delivers these services from its 810,000 sq. ft. facility in San Antonio, TX, where it operates as a CFM LEAP Premier MRO provider. The company has been providing LEAP quick-turn shop visit (QTSV) services since March 2024 and completed correlation of its first test cell for the LEAP in November 2024. As of July 2026, StandardAero has completed multiple LEAP-1A and LEAP-1B performance restoration shop visit (PRSV) workscopes.
Key Service Offerings
| Service Type | Description |
|---|---|
| Performance Restoration Shop Visits (PRSVs) | Comprehensive engine restoration services |
| Quick-Turn Shop Visits (QTSVs) | Rapid maintenance turnaround services |
| Component Repairs | Repair and maintenance of engine components |
| Priority Induction Bookings | Reserved maintenance slots to reduce downtime |
| Not-to-Exceed Pricing | Cost certainty on defined maintenance events |
Strategic Expansion
Lewis Prebble, President, Commercial Engine Services at StandardAero, highlighted the significance of the agreement in meeting the engine support needs of Avolon’s A320neo and 737 MAX family operators. Will Pitcher, Head of Powerplant Strategy & Asset Solutions at Avolon, emphasized that the agreement serves as an additional option for customers planning future LEAP maintenance needs.
In addition to MRO capabilities, StandardAero is industrializing new engine component repairs for the LEAP family through its Component Repair Services (CRS) team. To date, the CRS team has industrialized more than 475 component repairs for the LEAP-1A and LEAP-1B. StandardAero continues to ramp up its capacity and grow its team of LEAP technicians through its in-house Aviation Mechanic Training Program in San Antonio.
How will this partnership influence StandardAero's capacity expansion plans given the projected influx of LEAP engine maintenance demand?
Could the success of this non-exclusive model prompt StandardAero to pursue similar LeaseTEAM agreements with other major global lessors?
What impact will the availability of not-to-exceed pricing have on Avolon's ability to secure competitive lease rates for its A320neo and 737 MAX aircraft?
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