StandardAero announced that it completed its first CFM International LEAP‑1A Performance Restoration Shop Visit (PRSV) on an engine owned by aviation leasing giant AerCap. The PRSV was carried out at StandardAero’s 810,000‑square‑foot facility in San Antonio, Texas, after the engine underwent pass‑off testing and correlation of the first LEAP test cell in November 2024. The shop visit itself was completed in the second half of 2024, and the announcement on February 5 2026 confirms the milestone’s significance for the company’s LEAP service portfolio.
The PRSV represents a strategic shift from quick‑turn shop visits (QTSVs) to a full performance restoration offering that delivers higher margins and longer‑term maintenance contracts. By moving into this higher‑value service, StandardAero can lock in more profitable workscopes, reduce dependency on OEM capacity constraints, and create a stronger independent MRO moat. The company’s LEAP program already serves more than 20 customers worldwide, and the successful PRSV demonstrates that its infrastructure and technical expertise are ready to meet the growing demand as the LEAP fleet ages.
StandardAero’s LEAP program has already industrialized over 450 component repairs and completed the correlation of the first LEAP test cell for both LEAP‑1A and LEAP‑1B engines in November 2024. The partnership with AerCap—whose fleet includes more than 350 LEAP‑powered aircraft—underscores the trust placed in StandardAero’s capabilities. The company’s investment in the San Antonio facility, including the test cell and repair capabilities, positions it to capture a larger share of the expanding LEAP MRO market, which is projected to triple by the end of the decade.
Strategically, the PRSV milestone supports StandardAero’s goal of generating $1 billion in annual LEAP revenue by 2029‑2030. The higher‑margin PRSV service is expected to accelerate revenue growth, improve operating leverage, and strengthen cash flow as the company expands its LEAP footprint. The move also signals to OEMs and operators that StandardAero can provide comprehensive, cost‑effective maintenance solutions, thereby enhancing its competitive position in a market where capacity constraints are tightening.
Rebecca Lane, Senior Vice President – Global Sales, said the first PRSV “reinforces our commitment to the global LEAP community and demonstrates our ability to deliver high‑margin, high‑quality service.” She added that the partnership with AerCap “validates the reliability of our repair processes and the confidence operators place in our independent MRO capabilities.”
The broader context shows that the LEAP engine family powers the Airbus A320neo and Boeing 737 MAX families, and the fleet is expected to grow significantly over the next decade. StandardAero’s focus on LEAP maintenance, combined with its expanding repair catalog and test cell capabilities, positions the company to capture a meaningful share of this high‑growth market, reinforcing its long‑term growth trajectory.
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