MIRAMAR, Fla. – April 11, 2022 – PTS Aviation, LLC, 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 late last 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).
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 material and module solutions tailored to 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 engine models. 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.
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.