Latest news with #LEAP1A
Yahoo
5 days ago
- Business
- Yahoo
StandardAero Selected by SalamAir for LEAP-1A Engine MRO Support
StandardAero Inc. (NYSE:SARO) is one of the best new stocks to buy now. On June 16, StandardAero announced its selection by SalamAir, which is Oman's low-cost carrier. StandardAero will provide maintenance, repair, and overhaul/MRO support for the CFM International LEAP-1A turbofan engines that power SalamAir's fleet of Airbus A320neo family narrowbody aircraft. StandardAero provides support for the next-gen CFM International LEAP-1A and LEAP-1B engine families from its 810,000 sq. ft. facility in San Antonio, Texas. The company is a CFM LEAP Premier MRO provider, having signed the first non-airline CFM Branded Service Agreement/CBSA in the Americas for the LEAP-1A and LEAP-1B in March 2023. An Airbus single-aisle aircraft overfly a major city, showcasing the airline services of the company. The partnership expands StandardAero's growing list of operators relying on its MRO services across North America, Latin America, Europe, the Middle East, South Asia, and the Asia-Pacific region. Additionally, StandardAero is industrializing 300+ new engine component repairs for the LEAP family through its CRS team's network of locations and its Repair Development Center of Excellence. SalamAir currently operates a fleet of 13 Airbus A320/321 aircraft and conducts over 80 daily flights. StandardAero Inc. (NYSE:SARO) provides aerospace engine aftermarket services for fixed and rotary wing aircraft internationally in two segments: Engine Services and Component Repair Services. While we acknowledge the potential of SARO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
19-06-2025
- Business
- Zawya
Gulf Air renews CFM engine support deal for A320neo fleet
In a sign of a long-standing and trusted collaboration, Bahrain's national carrier Gulf Air and CFM International, a Franco-American aircraft engine manufacturer, have extended the airline's long-term CFM LEAP-1A Services for A320neo family aircraft. Signed during the Paris Airshow 2025 which runs until June 22, this strategic extension, along with the purchase of additional spare engines, forms a strong and reliable foundation for comprehensive engine support, enhancing fleet reliability and operational continuity. Being the kingdom's flagcarrier, Gulf Air said it operates one of the region's most modern and efficient fleets, which includes 29 LEAP-1A-powered A320neo family aircraft. And this continued collaboration with CFM is key to operational excellence; and a renewed affirmation of CFM's support and technical expertise, it stated. On the strategic partnership, Gulf Air Group CEO Dr Jeffrey Goh said: "We are delighted to strengthen our partnership with CFM, who have been a key partner of our growth since our first CFM engine operations in the 1990s." "This agreement will enable us to secure MRO capacity for our fleet and maintain our growth," he stated. "It's an honour to further expand our relationship with Gulf Air, a long-standing member of the CFM family," said Gaël Meheust, President and CEO of CFM International. "This agreement commits us to provide Gulf Air with the best CFM standards in terms of support, reliability, and utilization for its LEAP fleet," he added. Gulf Air has been operating since 1950, making it one of the earliest airlines established in the Middle East. The airline operates scheduled flights from its hub at Bahrain International Airport to various destinations across Europe, the Middle East, Africa, Asia, and the Far East. Gulf Air is recognized as a "Five-Star Major Airline" by APEX, based on verified traveler reviews, and has been awarded this prestigious status for the year 2025. The airline was also named "World's Most Improved Airline" in 2022 by Skytrax.
Zawya
18-06-2025
- Business
- Zawya
Gulf Air and CFM strengthen LEAP-1A Engine Support for A320neo Fleet
Muharraq, Bahrain: In a sign of a long-standing and trusted collaboration, Gulf Air and CFM International have extended the airline's long-term CFM LEAP-1A Services for A320neo family aircraft. Signed during Paris Airshow 2025, held from 16 to 22 June 2025, this strategic extension, along with the purchase of additional spare engines, forms a strong and reliable foundation for comprehensive engine support, enhancing fleet reliability and operational continuity. Being the Kingdom of Bahrain's national carrier, Gulf Air operates one of the region's most modern and efficient fleets, which includes 29 LEAP-1A-powered A320neo family aircraft, continued collaboration with CFM is key to operational excellence; and a renewed affirmation of CFM's support and technical expertise. 'We are delighted to strengthen our partnership with CFM, who have been a key partner of our growth since our first CFM engine operations in the 1990s', said Dr. Jeffrey Goh, Chief Executive Officer of Gulf Air Group. 'This agreement will enable us to secure MRO capacity for our fleet and maintain our growth.' 'It's an honor to further expand our relationship with Gulf Air, a long-standing member of the CFM family', said Gaël Meheust, President and CEO of CFM International. 'This agreement commits us to provide Gulf Air with the best CFM standards in terms of support, reliability, and utilization for its LEAP fleet.' Gulf Air: A Tradition of Excellence Gulf Air, the national carrier of the Kingdom of Bahrain, has been operating since 1950, making it one of the earliest airlines established in the Middle East. The airline operates scheduled flights from its hub at Bahrain International Airport to various destinations across Europe, the Middle East, Africa, Asia, and the Far East. Gulf Air is recognized as a "Five-Star Major Airline" by APEX, based on verified traveler reviews, and has been awarded this prestigious status for the year 2025. The airline was also named "World's Most Improved Airline" in 2022 by Skytrax.
Yahoo
16-06-2025
- Business
- Yahoo
Oman's Low-Cost Carrier SalamAir Selects StandardAero for CFM International LEAP-1A Engine Maintenance, Repair & Overhaul Support
SCOTTSDALE, Ariz., June 16, 2025--(BUSINESS WIRE)--StandardAero, a leading independent pure-play provider of aerospace engine aftermarket services, is proud to announce its selection by SalamAir, Oman's low-cost carrier, to provide maintenance, repair & overhaul (MRO) support for the CFM International LEAP-1A turbofan engines powering its fleet of Airbus A320neo family narrowbody aircraft. StandardAero provides support for the next-generation CFM International LEAP-1A and LEAP-1B engine family from its 810,000 sq. ft. facility in San Antonio, TX, as a CFM LEAP Premier MRO provider, having signed the first non-airline CFM Branded Service Agreement (CBSA) in the Americas for the LEAP-1A and LEAP-1B in March 2023. Commenting on the announcement for SalamAir, Adrian Hamilton-Manns, SalamAir CEO said: "At SalamAir, safety, operational reliability and cost-efficiency remain at the core of our strategy as we continue to expand and modernize our fleet. Partnering with StandardAero for LEAP-1A engine MRO support marks a significant step in ensuring the long-term performance and availability of our aircraft. We are confident in StandardAero's proven capabilities and technical expertise, and we look forward to a strong partnership that supports our growth and commitment to delivering dependable and affordable travel for our passengers across the region." "StandardAero is delighted to add SalamAir to the ever-growing list of operators around the world who have selected us to support their LEAP-1A and LEAP-1B engine support requirements," said Olivier Ruffet, Vice President Sales EMEA & Lessors for StandardAero's Airlines & Fleet business unit. "SalamAir joins LEAP-1A and LEAP-1B operators and asset managers from across North America, Latin America, Europe, the Middle East, South Asia and the Asia-Pacific region who now rely on StandardAero for engine MRO. Our two companies share a common set of values, and we look forward to providing SalamAir with exceptional support based on our corporate commitment to continuous improvement, thus becoming the airline's most trusted MRO partner." In addition to establishing MRO capability for the LEAP-1A and LEAP-1B at its San Antonio facility, StandardAero is also industrializing new engine component repairs for the LEAP family through its CRS team's network of locations, and its Repair Development Center of Excellence. To date, StandardAero's CRS team has industrialized more than 300 component repairs for the LEAP-1A and LEAP-1B. StandardAero also continues to grow its team of LEAP technicians through its in-house Aviation Mechanic Training Program, located at its San Antonio site's Training Academy. SalamAir currently operates a fleet of 13 Airbus A320/321 aircraft, with over 80 daily flights. In 2025, the airline will expand its fleet with two new aircraft scheduled for delivery in July 2025. SalamAir announced a 10-aircraft order in February 2025, aiming to grow its fleet to 25 aircraft by 2028. 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 View source version on Contacts Media Contact: Alex Youngs1.902.888.4764 – Office, 1.902.315.4764 – Investor Relations Contact Investors@ Rama (480) 377-3142 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-06-2025
- Business
- Yahoo
Oman's Low-Cost Carrier SalamAir Selects StandardAero for CFM International LEAP-1A Engine Maintenance, Repair & Overhaul Support
SCOTTSDALE, Ariz., June 16, 2025--(BUSINESS WIRE)--StandardAero, a leading independent pure-play provider of aerospace engine aftermarket services, is proud to announce its selection by SalamAir, Oman's low-cost carrier, to provide maintenance, repair & overhaul (MRO) support for the CFM International LEAP-1A turbofan engines powering its fleet of Airbus A320neo family narrowbody aircraft. StandardAero provides support for the next-generation CFM International LEAP-1A and LEAP-1B engine family from its 810,000 sq. ft. facility in San Antonio, TX, as a CFM LEAP Premier MRO provider, having signed the first non-airline CFM Branded Service Agreement (CBSA) in the Americas for the LEAP-1A and LEAP-1B in March 2023. Commenting on the announcement for SalamAir, Adrian Hamilton-Manns, SalamAir CEO said: "At SalamAir, safety, operational reliability and cost-efficiency remain at the core of our strategy as we continue to expand and modernize our fleet. Partnering with StandardAero for LEAP-1A engine MRO support marks a significant step in ensuring the long-term performance and availability of our aircraft. We are confident in StandardAero's proven capabilities and technical expertise, and we look forward to a strong partnership that supports our growth and commitment to delivering dependable and affordable travel for our passengers across the region." "StandardAero is delighted to add SalamAir to the ever-growing list of operators around the world who have selected us to support their LEAP-1A and LEAP-1B engine support requirements," said Olivier Ruffet, Vice President Sales EMEA & Lessors for StandardAero's Airlines & Fleet business unit. "SalamAir joins LEAP-1A and LEAP-1B operators and asset managers from across North America, Latin America, Europe, the Middle East, South Asia and the Asia-Pacific region who now rely on StandardAero for engine MRO. Our two companies share a common set of values, and we look forward to providing SalamAir with exceptional support based on our corporate commitment to continuous improvement, thus becoming the airline's most trusted MRO partner." In addition to establishing MRO capability for the LEAP-1A and LEAP-1B at its San Antonio facility, StandardAero is also industrializing new engine component repairs for the LEAP family through its CRS team's network of locations, and its Repair Development Center of Excellence. To date, StandardAero's CRS team has industrialized more than 300 component repairs for the LEAP-1A and LEAP-1B. StandardAero also continues to grow its team of LEAP technicians through its in-house Aviation Mechanic Training Program, located at its San Antonio site's Training Academy. SalamAir currently operates a fleet of 13 Airbus A320/321 aircraft, with over 80 daily flights. In 2025, the airline will expand its fleet with two new aircraft scheduled for delivery in July 2025. SalamAir announced a 10-aircraft order in February 2025, aiming to grow its fleet to 25 aircraft by 2028. 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 View source version on Contacts Media Contact: Alex Youngs1.902.888.4764 – Office, 1.902.315.4764 – Investor Relations Contact Investors@ Rama (480) 377-3142 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
