AerCap and Air France Industries KLM Engineering & Maintenance have signed an agreement to create a 50/50 joint venture centered on LEAP engines. The companies disclosed the plan in an announcement made in Farnborough, UK.
The proposed partnership gives both sides equal ownership in the new venture. While the trimmed release did not include full operational details, the agreement signals a shared push into the LEAP engine segment through a dedicated structure.
For AerCap, the deal adds another strategic partnership in commercial aviation, while AFI KLM E&M expands its role through a jointly owned engine-focused business. The move highlights continued activity around engine-related services and support as aviation companies look for new ways to work together.
The announcement marks an early step in setting up the venture, with the two groups outlining their intention to build the business together. More information on timing, scope and rollout was not available in the shortened statement.
