Patriot Dynamics Purchases Six CFM LEAP Spare Engines
What happened
Patriot Dynamics agreed to purchase six CFM LEAP spare engines, consisting of three Leap-1A and three Leap-1B engines. This purchase followed a prior announcement that Patriot Dynamics had secured a long-term Maintenance, Repair, and Overhaul (MRO) contract for Leap engines, which will be serviced at MTU’s facility in Fort Worth, Texas. Patriot Dynamics stated the deal is part of its strategy to expand its spare engine portfolio and diversify its fund structure.
From aviationweek.com
Why it matters
As an asset trading and leasing firm, Patriot Dynamics’ acquisition of these engines signals a strategic expansion of its core business. The deal represents a direct revenue commitment for CFM International and increases the expected service volume at MTU’s facility.
From aviationweek.com
Who's involved
- PatriotCommercial aviation asset trading and leasing firm purchasing the engines
- CFM InternationalAircraft engine manufacturer supplying the LEAP engines
- David RojasPartner at Patriot Dynamics involved in the engine purchase
- Michael SheldonPrincipal at Patriot Dynamics involved in the engine platform partnership
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- CFM InternationalSpeculative
CFM International might see a direct increase in revenue from the confirmed sale of six LEAP engines.