# AFI KLM E&M and AerCap to form LEAP engine leasing joint venture

Air France Industries KLM Engineering & Maintenance and AerCap signed an agreement to establish a 50/50 joint venture for LEAP engine leasing, initially acquiring about 40 new CFM LEAP-1A and LEAP-1B spare engines. Deliveries are scheduled through 2032, with first engines available by early 2027, subject to regulatory approvals.

- Type: Partnership
- Announced: 2024-06-10
- Status: announced
- Products: LEAP engine leasing
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [AerCap](https://endata.com/companies/20782.md) (partner)
- [Air France Industries KLM Engineering & Maintenance](https://endata.com/companies/51449.md) (partner)

## Sources

- [afiklmem.com](https://www.afiklmem.com/en/press-release/air-france-industries-klm-engineering-maintenance-and-aercap-to-establish-leap-engine-joint-venture), 2024-06-10: "The signing of this agreement to establish a joint venture with AerCap marks a significant strategic step in addressing the evolving needs of the LEAP engine market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.