PTS Aviation Leases CFM56-7B26 Engine to Major UAE Aircraft/Engine Lessor Under Long-Term 5-Year Agreement
10, 2022 – PTS Aviation, LLC, a StandardAero company, has signed a comprehensive 5-year aircraft engine lease agreement (ELA) with a major aircraft and engine lessor based in the United Arab Emirates, which is effective immediately. The initial ELA establishes the lease-to-purchase of one serviceable OEM-maintained, high-cycle remaining CFM56-7B26 engine for a 60-month term, during a crucial period of projected air traffic recovery and growth in Europe.