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

PTS Aviation, LLC, a StandardAero company, signs a comprehensive three-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.

The 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 of Asset Leasing & Trading for PTS Aviation, says, “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.

For more information, visit www.standardaero.com.

About D.O.M. Magazine

D.O.M. magazine is the premier magazine for aviation maintenance management professionals. Its management-focused editorial provides information maintenance managers need and want including business best practices, professional development, regulatory, quality management, legal issues and more. The digital version of D.O.M. magazine is available for free on all devices (iOS, Android, and Amazon Kindle).

Privacy Policy  |  Cookie Policy  |  GDPR Policy

More Info

Joe Escobar (jescobar@dommagazine.com)
Editorial Director
920-747-0195

Greg Napert (gnapert@dommagazine.com)
Publisher, Sales & Marketing
608-436-3376

Bob Graf (bgraf@dommagazine.com)
Director of Business, Sales & Marketing
608-774-4901