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AerCap and Air France Industries KLM Engineering & Maintenance to Establish LEAP Engine Joint Venture

$AERPress releaseJul 20, 2026, 6:00 AM ETRead the release

AerCap and Air France Industries KLM Engineering & Maintenance agreed to form a 50/50 joint venture dedicated to leasing LEAP spare engines globally. The JV is slated to purchase approximately 40 new CFM LEAP-1A and LEAP-1B engines, with deliveries scheduled through 2032 and the first units available in early 2027.

Key figures

Joint venture split
50/50
Spare engines count
40

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