StandardAero, Inc. (NYSE:SARO) is among the 10 Best Aerospace Stocks to Buy Now. The company recently announced the expansion of its CFM International CFM56-7B services portfolio to include exchange engine solutions. The new offering introduces an added service option for Boeing 737NG customers.
An aeronautics engineer inspecting a model aircraft engine in a factory setting.
Under the program, StandardAero, Inc. will provide a serviceable CFM56-7B turbofan engine in exchange for an unserviceable powerplant. The approach offers a responsive solution for various customers, including airlines and other asset owners. The company has a proven track record of providing exchange solutions on other engine platforms and is now applying this expertise to the CFM56-7B program.
StandardAero, Inc. recently completed a similar exchange with India’s Stellar Aviation Solutions Pvt. Ltd, delivering a serviceable, warrantied CFM56-7B26/3 engine for a time-expired unit in exchange. The deal was completed in six weeks, enabling the Indian aviation firm to assist with returning a Boeing aircraft to service for urgent cargo operations.
Guillaume Limouzy, Airline Sales Director for StandardAero, Inc.’s Airlines & Fleet business unit, stated the following on the portfolio expansion:
“StandardAero is delighted to expand its portfolio of CFM56-7B service offerings to our customers worldwide through the addition of exchange engine solutions. Working closely with our in-house asset management specialists, and our CFM56-7B MRO facilities in Dallas and Winnipeg, we are able to provide customers such as Stellar Aviation with responsive engine solutions which meet StandardAero’s rigorous quality standards.”
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