Latest news with #Boeing737NG
Business Wire
5 days ago
- Business
- Business Wire
StandardAero Expands Its CFM56-7B Services Portfolio With Exchange Engine Solutions, Helping to Maximize Aircraft Availability for Boeing 737NG Customers Worldwide
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--StandardAero (NYSE: SARO), a leading independent pure-play provider of aerospace engine aftermarket services, including engine maintenance, repair and overhaul (MRO) and engine component repair, has recently expanded its portfolio of CFM International CFM56-7B services to include exchange engine solutions. StandardAero is already an OEM-authorized CFM56-7B MRO provider, with full engine overhaul and test capabilities in two locations across North America, and this new engine exchange offering introduces an additional service option for Boeing 737NG customers worldwide. Under the exchange engine program, StandardAero provides a serviceable CFM56-7B turbofan engine with strong remaining life, taking delivery of an unserviceable powerplant in turn. This approach offers a responsive and straightforward solution for a wide variety of customers, including airlines, lessors and other asset owners. StandardAero has a long and successful track record of offering exchange solutions on other engine platforms, and the company has applied this expertise to its CFM56-7B program. StandardAero recently completed such an exchange for Stellar Aviation Solutions Pvt. Ltd., a leading Indian aviation company, which took delivery of a serviceable, warrantied CFM56-7B26/3 engine (including QEC) in exchange for a time-expired unit. This deal, which was completed in just six weeks, enabled Stellar Aviation to assist with the immediate return to service of a Boeing 737-800 aircraft which was urgently required for cargo operations. StandardAero and Stellar Aviation also agreed on a future end-of-life solution for the serviceable engine after LLP expiration, and the two parties are also working on an additional engine exchange opportunity. 'StandardAero is delighted to expand its portfolio of CFM56-7B service offerings to our customers worldwide through the addition of exchange engine solutions,' said Guillaume Limouzy, Airline Sales Director for StandardAero's Airlines & Fleet business unit. 'Working closely with our in-house asset management specialists, and our CFM56-7B MRO facilities in Dallas and Winnipeg, we are able to provide customers such as Stellar Aviation with responsive engine solutions which meet StandardAero's rigorous quality standards.' StandardAero has provided the global CFM56-7B operator community with a comprehensive range of engine services from its Winnipeg location since 2010. In addition to its existing Winnipeg capabilities, StandardAero now also provides CFM56-7B MRO support from its DFW International Airport location in Dallas, TX, USA, which is seeing strong demand from Boeing 737NG operators and asset owners. These newly introduced capabilities offer operators the confidence and convenience of a second CFM56-7B engine line, enabling StandardAero to accommodate the MRO requirements of its customers around the world while also providing the assurance of test cell capability redundancy. The company provides an extensive range of additional services for the CFM56 family, including component repair and overhaul capabilities through StandardAero's Component Repair Services (CRS) segment; engine, module and used serviceable material (USM) asset management support through PTS Aviation; and engine health monitoring (EHM) data analysis services. Based in New Delhi, India, Stellar Aviation was incorporated in 2009 with a view to providing aviation consultancy services in the field of aircraft acquisition, airline project evaluation, implementation, execution and various other maintenance and operations related activities. Stellar's expertise includes advisory services for engine overhaul, engine acquisition, avionics, engine/airframe valuations, and sale and leaseback deals. Stellar and its affiliates also run a general aviation MRO at Delhi airport servicing various types of business aircraft. For more on Stellar Aviation please see CFM International, the 50/50 joint company between GE Aerospace and Safran Aircraft Engines founded in 1974, has redefined international cooperation and helped change the course of commercial aviation. Today, CFM is the world's leading supplier of commercial aircraft engines with a product line that sets the industry standard for efficiency, reliability, durability, and optimized cost of ownership for narrowbody aircraft. The company produces the LEAP and CFM56 families of engines, and supports LEAP and CFM56 fleets for more than 600 operators worldwide. StandardAero is a leading independent pure-play provider of aerospace engine aftermarket services for fixed- and rotary-wing aircraft, serving the commercial, military and business aviation end markets. StandardAero provides a comprehensive suite of critical, value-added aftermarket solutions, including engine maintenance, repair and overhaul, engine component repair, on-wing and field service support, asset management and engineering solutions. StandardAero is an NYSE listed company under the ticker symbol SARO. For more information about StandardAero, go to
Time of India
08-07-2025
- Business
- Time of India
SpiceJet receives first two of 17 overhauled engines from StandardAero
PUNE: SpiceJet has received the first two of its overhauled engines from global MRO provider StandardAero, airline officials said recently. These include a CFM LEAP-1B engine that powers the Boeing 737 MAX, overhauled at StandardAero's Houston, USA facility, and one Q400 engine, received from StandardAero's Singapore facility. Tired of too many ads? go ad free now The airline has also successfully ungrounded another Boeing 737 NG aircraft, which returned to active service last month, reinforcing SpiceJet's commitment to restoring fleet capacity in a structured and phased manner. As part of its broader fleet revival plan, a total of 17 engines were sent for overhaul. With the receipt of the first two engines, SpiceJet expects a steady flow of additional engines in the coming months. Six CFM LEAP-1B engines were sent to StandardAero's Houston facility, while seven Q400 engines had been sent to its Singapore facility. Additionally, four engines have been sent to Carlyle Aviation to support the revival of grounded Boeing 737 NG aircraft.
Business Upturn
03-07-2025
- Business
- Business Upturn
SpiceJet receives first two overhauled engines from StandardAero
By Aman Shukla Published on July 3, 2025, 12:39 IST SpiceJet has taken a major stride in its ongoing fleet revival plan by receiving the first two overhauled engines from global MRO leader StandardAero. This includes a CFM LEAP-1B engine, which powers the Boeing 737 MAX, refurbished at StandardAero's Houston facility in the U.S., and a Q400 engine from its Singapore facility. The airline also recently brought another Boeing 737 NG aircraft back into active service after successful maintenance, signalling a steady and structured effort to restore its operational capacity. In total, SpiceJet has sent 17 engines for overhaul as part of its broader fleet restoration strategy. With the first two engines now back in service, the airline expects a consistent return of additional overhauled engines in the months ahead. Out of these, six LEAP-1B engines were sent to StandardAero's Houston unit, while seven Q400 engines were dispatched to its Singapore facility. Additionally, four engines were sent to Carlyle Aviation to support the reactivation of grounded Boeing 737 NG aircraft. This move marks a significant push by SpiceJet to enhance reliability, increase aircraft availability, and support its long-term growth plans. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
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Business Standard
03-07-2025
- Business
- Business Standard
SpiceJet shares fly 3% in trade; here's what is boosting investor interest
SpiceJet share price rose 3.2 per cent in trade, logging an intraday high at ₹40.75 per share. At 12:54 PM, Spicejet shares were trading 2.74 per cent higher at ₹40.56 per share on the BSE. In comparison, the BSE Sensex was up 0.28 per cent at 83,642.07. The company's market capitalisation stood at ₹5,199.75 crore. Its 52-week high was at ₹79.9 per share and 52-week low was at ₹38.83 per share. Why are SpiceJet shares buzzing in trade? The buying on the counter came after the company received its first two overhauled engines and ungrounded another Boeing 737 NG aircraft. These include a CFM LEAP‐1B engine that powers the Boeing 737 MAX, overhauled at StandardAero's Houston, US facility, and one Q400 engine, received from StandardAero's Singapore facility. Six CFM LEAP‐1B engines were sent to StandardAero's Houston facility, while seven Q400 engines had been sent to its Singapore facility. Additionally, four engines have been sent to Carlyle Aviation to support the revival of grounded Boeing 737 NG aircraft. The airlines also ungrounded another Boeing 737 NG aircraft, which returned to active service last month, reinforcing SpiceJet's commitment to restoring fleet capacity in a structured and phased manner. As part of its broader fleet revival plan, a total of 17 engines were sent for overhaul. With the receipt of the first two engines, SpiceJet expects a steady flow of additional engines in the coming months. In Q4, Budget carrier Spicejet's standalone profit after tax surged nearly three-fold to ₹324.87 crore as compared to a PAT of ₹119 crore in the fourth quarter of FY24, according to a regulatory filing. However, the revenue from operations for the reporting quarter declined 16 per cent year-on-year (Y-o-Y) to ₹1,446.37 crore from ₹1,719.3 crore in Q4 FY24. About SpiceJet SpiceJet is an airline that operates a fleet of Boeing 737s and Q‐400s and is one of the countryʹs largest regional players operating multiple daily flights under UDAN or the Regional Connectivity Scheme. The majority of the airlineʹs fleet offers SpiceMax, the most spacious economy‐class seating in India.
Mint
26-05-2025
- Business
- Mint
SpiceJet share price rises 4% as court rejects a damages claim
Stock Market Today: SpiceJet share price gained more than 4% during the intraday trades on Monday as the the Delhi High Court Division Bench rejected a damages claim SpiceJet on Monday, 26 May 2025 informed the Bombay Stock Exchange or the BSE that the Delhi High Court Division Bench has rejected appeal of KAL Airways and Kalanithi Maran for any Damages Claim. As per the SpiceJet release on the exchanges, the airlines operator SpiceJet said that the Division Bench of Delhi High Court in its order dated May 23, 2025 has dismissed the appeal filed by KAL Airways and Kalanithi Maran seeking damages of more than Rs.1300 crore and other claims. These assertions were already previously rejected by the Arbitral Tribunal and then the Delhi High Court, as per SpiceJet. SpiceJet added that it is important to clarify that KAL Airways and Kalanithi Maran initially sought damages of more than Rs.1300 crore during the arbitration proceedings. These claims were thoroughly examined and subsequently rejected by a panel of three retired Supreme Court judges, as per SpiceJet. Following this, KAL Airways and Kalanithi Maran appealed to the Single-Judge Bench of the Delhi High Court, seeking the same amount in damages, which was also rejected by the court. SpiceJet share price opened at ₹ 44.10 on the BSE on Monday. The SpiceJet share price at the time of opening was up compared to previous days closing price of ₹ 43.83. The SpiceJet share price thereafter moved higher to ₹ 45.78 and this meant intraday gains of 4.45% for the SpiceJet share price. SpiceJet remains in news as in May itself it had announced about anUpdate on Fleet Reactivation with the Ungrounding of Boeing 737 NG Aircraft On May 07,2025 Spice Jet had said that as of 09 May 2025, one more Boeing 737 NG aircraft (Registration Number: VT-SGV) has been successfully ungrounded and reintroduced into our operating fleet. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
