StandardAero Inc. (NYSE:SARO) is one of the best new stocks to buy now. On June 16, StandardAero announced its selection by SalamAir, which is Oman’s low-cost carrier. StandardAero will provide maintenance, repair, and overhaul/MRO support for the CFM International LEAP-1A turbofan engines that power SalamAir’s fleet of Airbus A320neo family narrowbody aircraft.
StandardAero provides support for the next-gen CFM International LEAP-1A and LEAP-1B engine families from its 810,000 sq. ft. facility in San Antonio, Texas. The company is a CFM LEAP Premier MRO provider, having signed the first non-airline CFM Branded Service Agreement/CBSA in the Americas for the LEAP-1A and LEAP-1B in March 2023.
An Airbus single-aisle aircraft overfly a major city, showcasing the airline services of the company.
The partnership expands StandardAero’s growing list of operators relying on its MRO services across North America, Latin America, Europe, the Middle East, South Asia, and the Asia-Pacific region. Additionally, StandardAero is industrializing 300+ new engine component repairs for the LEAP family through its CRS team’s network of locations and its Repair Development Center of Excellence. SalamAir currently operates a fleet of 13 Airbus A320/321 aircraft and conducts over 80 daily flights.
StandardAero Inc. (NYSE:SARO) provides aerospace engine aftermarket services for fixed and rotary wing aircraft internationally in two segments: Engine Services and Component Repair Services.
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Disclosure: None. This article is originally published at Insider Monkey.
