repair-management-solutions

PTS Aviation Leases CFM56-7B26 Engine to Major UAE Aircraft/Engine Lessor Under Long-Term 5-Year Agreement

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MIRAMAR, Fla. – August 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.  

This lease agreement represents PTS Aviation’s fourth publicly announced transaction since StandardAero signed a definitive agreement to purchase the company December 2021, a deal which marked StandardAero’s tenth acquisition since March 2015.  Founded in 1995, PTS has over 150 years of combined aviation management experience and significant expertise buying, leasing and selling engines, modules and high quality used serviceable material (USM).

Commentating on the transaction, David Blackburn, Senior Vice President of Asset Leasing & Trading for PTS Aviation, LLC said:  “The amazing team here at PTS Aviation provided a creative and unique engine leasing solution tailored to a UAE-based lessor and an end-user operator which will be offering cost-effective Boeing 737NG ACMI services to support various airlines throughout Europe.  PTS Aviation will continue to work tirelessly and diligently to effectively support the on-going recovery in air travel worldwide.  We look forward to offering our customers additional cost-effective solutions by leveraging our engine leasing and USM capabilities in support of the comprehensive and expanding CFM56-7B maintenance repair and overhaul services offered by StandardAero.”

PTS Aviation, LLC, headquartered in Miramar, FL, is a worldwide supplier of high quality used serviceable material for the CFM56-3B/C, -5A/B, and-7B powerplant systems.  StandardAero is an OEM authorized independent MRO provider and GE Designated Fulfillment Center for the CFM56-7B from its 162,000 square foot facility in Winnipeg, MB, Canada.  As announced in April, StandardAero is now further expanding its CFM56-7B capabilities, with a hospital shop capability to be established in Dallas-Fort Worth (DFW) by the year’s end, and with engine test capability in DFW to follow in the first half of 2023.  

repair-management-solutions

PTS Aviation, LLC Purchases & Fully Disassembles Two CFM56-7B24 Engines

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PTS has purchased and disassembled two CFM56-7B engines, once again supporting customers worldwide with high quality, fully traced used serviceable material (USM) advancing the expanding CFM56-7B MRO marketplace.

Each engine contains fully-traced and highly sought-after blade/vane airfoils and assemblies, hot section components, life-limited components, cases and frames, and external LRU/BFE/QEC components.

Please reach out to PTS for additional information and to learn more about the availability of our components.

repair-management-solutions

PTS Aviation acquires two CFM56-7B24/26 turbofans

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PTS Aviation, a StandardAero company, has completed the purchase of two CFM56-7B24/26 engines in full LRU/BFE/QEC configuration from a major North American lessor. These engines contain high-demand internal and external components, including attractive life-limited parts (LLPs) and will be used either as rebuild candidates, module donors or full disassembly candidates to support PTS Aviation’s customer base worldwide.

This major purchase represents PTS Aviation’s second publicly announced transaction since StandardAero signed a definitive agreement to purchase the company in February of this year, a deal which marked StandardAero’s tenth acquisition since March 2015. Founded in 1995, PTS has over 150 years of combined aviation management experience and significant expertise buying, leasing and selling engines, modules and used serviceable material (USM).

repair-management-solutions

PTS Aviation Leases CFM56-5 to Major North American Part 121 Carrier under Long-Term Agreement

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MIRAMAR, Fla. – February 8, 2022 – PTS Aviation, LLC, a StandardAero company, has signed a comprehensive 3-year General Terms and Aircraft Engine Lease Agreement (GTA/ELA) with a major North American Part 121 carrier, effective immediately.  The initial ELA establishes the lease of one serviceable CFM56-5A1F engine for a 36-month term during a crucial period of projected air traffic recovery and growth.  

This lease agreement represents PTS Aviation’s first publicly announced transaction since StandardAero signed a definitive agreement to purchase the company last month, a deal which marked StandardAero’s tenth acquisition since March 2015.  Founded in 1995, PTS has more than 150 years of combined aviation management experience and significant expertise buying, leasing and selling engines, modules and used serviceable material (USM).

Commentating on the transaction, David Blackburn, Senior Vice President – Asset Leasing & Trading for PTS Aviation, said:  “The team here at PTS Aviation continues to offer creative engine leasing solutions tailored to specific airlines and A320/B737 operators worldwide, as we work to support the efficient and effective recovery in air travel.  We look forward to offering our customers additional solutions by leveraging our USM capabilities in support of the comprehensive CFM56-7B maintenance repair and overhaul services offered by StandardAero.”

PTS Aviation, headquartered in Miramar, FL, is a worldwide supplier of used serviceable material for the CFM56-3, -5 and -7B.  StandardAero is an OEM authorized independent MRO provider and GE Designated Fulfillment Center for the CFM56-7B from its 162,000 square foot facility in Winnipeg, MB, Canada.

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StandardAero is one of the world’s largest independent providers of services including engine and airframe maintenance, repair and overhaul, engine component repair, engineering services, interior completions and paint applications. StandardAero serves a diverse array of customers in business and general aviation, airline, military, helicopter, components and energy markets. StandardAero is owned by global investment firm Carlyle. For more information about StandardAero, go to www.standardaero.com.

repair-management-solutions

StandardAero Signs Definitive Agreement to Purchase PTS Aviation, a Worldwide Supplier of Serviceable Aircraft Engines, Engine Components and Engine Inventory

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Scottsdale, Ariz. – January 6, 2022 — StandardAero has signed a definitive agreement to purchase boutique asset management company PTS Aviation, a worldwide supplier of serviceable aircraft engines, engine components and engine inventory.  Founded in 1995, PTS has more than 150 years of combined aviation management experience and significant expertise buying, leasing and selling engines, modules and used serviceable material (USM). PTS is headquartered in Miramar, FL.  PTS is a private company and terms of the transaction were not disclosed.   

The deal marks StandardAero’s tenth acquisition since March 2015.  Most recently, the company acquired Signature Aviation’s Engine Repair and Overhaul (ERO) business, an engine maintenance, repair and overhaul (MRO) provider that includes well-established brands such as Dallas Airmotive, H+S Aviation and International Governor Services.  

“We are excited to put the PTS Aviation team’s asset management and trading know-how to work for StandardAero,” said Lewis Prebble, President of StandardAero’s Airlines & Fleets division.  “The knowledge and experience they bring to our portfolio will immediately support our preparation to serve global operators, initially focused on the CFM56, and will accelerate our growth plans for the future.”

StandardAero is an OEM authorized independent MRO provider and a GE Designated Fulfillment Center for CFM56-7B engines.  The company has been providing CFM56-7B heavy maintenance and overhaul services for airlines worldwide from its 162,000 square foot facility located in Winnipeg, Manitoba, Canada since 2008.  The acquisition of PTS Aviation will expand StandardAero’s CFM56 engine portfolio of services and allow it to accelerate its capabilities to buy, sell and embody USM into the CFM56-7B and its wider portfolio of engine platforms, thereby enhancing the company’s ability to provide customers with highly customizable MRO solutions.

Like StandardAero, PTS Aviation’s culture and operating model maintains ISO standards and is focused on continuous improvement, quality and systems compliance.  “PTS is a great fit for StandardAero, and we will quickly integrate their strategic capabilities into our commercial aviation division to strengthen our capabilities, services and competitive offerings,” concluded Prebble. 

With the addition of PTS Aviation, StandardAero now employs nearly 7,000 aviation professionals in over 50 locations across six continents.

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StandardAero is one of the world’s largest independent providers of services including engine and airframe maintenance, repair and overhaul, engine component repair, engineering services, interior completions and paint applications.  StandardAero serves a diverse array of customers in business and general aviation, airline, military, helicopter, components and energy markets. StandardAero is owned by global investment firm Carlyle. For more information about StandardAero, go to www.standardaero.com. 

repair-management-solutions

PTS Aviation Offering One Serviceable CFM56-5B4/P Engine – Available for Lease or Sale Now

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PTS Aviation, Inc, is offering a serviceable CFM56-5B4/P engine fresh from shop visit with a workmanship warranty, available now.  Engine will be available for either lease, lease-to-purchase, or outright sale. This a serviceable CFMI “OEM Certified TruEngine”, (1) CFM56-5B3/5B4/5B6 /P available with 8816 cycles remaining to its first limiter in the fan section.  This engine has produced very strong calibrated test cell parameters, and has been tested to 5B3, 5B4, and 5B6 thrust ratings as well.