AerCap Made Several Announcements, Including A Deal With Safran Aircraft Engines And Shannon Engine Support For The Purchase Of 150 New CFM LEAP Spare Engines Valued At Around $3B
Portfolio Pulse from Benzinga Newsdesk
AerCap announced a deal with Safran Aircraft Engines and Shannon Engine Support for the purchase of 150 new CFM LEAP spare engines, valued at around $3B. This significant investment in new engines underscores AerCap's commitment to expanding its spare engine portfolio and enhancing its offerings to clients.
May 08, 2024 | 10:10 am
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AerCap's $3B deal for 150 CFM LEAP engines with Safran Aircraft Engines and Shannon Engine Support highlights its strategic investment in expanding its spare engine portfolio.
This deal is likely to have a positive short-term impact on AerCap's stock (AER) as it demonstrates the company's commitment to growth and expansion in the aviation industry. The investment in new CFM LEAP spare engines, valued at around $3B, is a significant move that could enhance AerCap's competitive position and offerings to clients. Such strategic investments are often viewed positively by investors, potentially leading to an increase in stock price.
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