AAR CORP has signed an extension of its exclusive Serviceable Engine Products agreement for the CFM56 used serviceable material collaboration with FTAI Aviation through 2030.

The collaboration has made USM inventory available to the global aviation aftermarket and FTAI’s consumption at the Module Factory™, a dedicated commercial maintenance center focused on modular repair and refurbishment of CFM56-7B and CFM56-5B engines. Through its worldwide network, AAR will manage the teardown, repair, marketing, and sales of spare parts from FTAI’s CFM56 engine pool totaling over 450 engines and growing.

“AAR is proud to be the exclusive service provider for this agreement with FTAI. The demand for this industry-leading engine platform continues to grow, and our collaboration supports the needs of the global aviation aftermarket,” said John M. Holmes, AAR’s Chairman, President and CEO. “AAR is pleased to combine our strong reputation for engine USM offerings, Component Services capabilities, and global sales team with FTAI’s market position through 2030.”

Joe Adams, Chairman and Chief Executive Officer of FTAI Aviation, commented on the extended agreement, saying: “We are delighted to continue our strong relationship with AAR through 2030, delivering significant value to the CFM56 aftermarket. This extension underscores our shared commitment to provide cost-effective maintenance solutions that improve efficiency and lower costs per cycle for airlines worldwide.”