MIRAMAR, Fla. – November 29, 2022 – PTS Aviation, LLC, a StandardAero company, has completed the sale of one CFM56-7B engine with lease attached to Aerovista FZC, an aviation asset manager based in Dubai, United Arab Emirates.
This sale represents PTS Aviation’s fifth publicly announced transaction since StandardAero signed a definitive agreement to purchase the company in December 2021, a deal which marked StandardAero’s tenth acquisition since March 2015. Founded in 1995, PTS Aviation 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, Yuriy Tokarev, Vice-President of Asset Management at Aerovista, said: “We are delighted to announce the completion of our deal with PTS Aviation, it was a pleasure to work with them on this transaction from start to finish. We look forward to working with the team at PTS Aviation on future upcoming transactions as we continue to build out our engine portfolio.”
Commenting on the announcement for PTS Aviation, David Blackburn, Senior Vice President – Asset Leasing & Trading said: “The PTS Aviation team has once again provided a creative and unique solution, generating a ‘lease-to-purchase option’ tailored specifically to support Aerovista, one of our major engine customers overseas. With several CFM56-7B acquisitions recently competed, PTS Aviation will continue to offer our customers innovative and cost-effective solutions by leveraging our engine leasing, USM and MRO capabilities in support of the growing range of CFM56-7B maintenance repair and overhaul services offered by StandardAero, soon to include hospital shop and test cell capabilities in Dallas-Fort Worth.”
PTS Aviation, LLC, headquartered in Miramar, FL, is a worldwide supplier of high-quality serviceable engines and used serviceable material, exclusively targeting the CFM56-3B/C, -5A/B, and-7B engine market. StandardAero is an OEM-authorized independent MRO provider and a CFM International partner supporting 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.