FTAI - AAR Fortress Transportation in CFM56 engine material pact for the aviation aftermarket

AAR (AIR) and Fortress Transportation and Infrastructure Investors (FTAI) have agreed to create Serviceable Engine Products, a seven-year CFM56 used serviceable material ((USM)) partnership.The partnership will build USM inventory for the global aviation aftermarket and FTAI's own consumption at The Module Factory, a commercial maintenance center focused on modular repair and refurbishment of CFM56-7B and CFM56-5B engines.AIR will manage the teardown, repair, marketing and sales of spare parts from FTAI's CFM56 engine pool totaling over 200 engines.In October, Fortress Transportation and Lockheed Martin inked an agreement to establish The Module Factory.

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AAR, Fortress Transportation in CFM56 engine material pact for the aviation aftermarket