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FTAI Aviation Signs Multi-Year Engine Exchange Agreement with Finnair

FTAI Aviation and Finnair Forge Multi-Year Engine Exchange Partnership
New York and Helsinki, October 13, 2025 – FTAI Aviation Ltd. (NASDAQ: FTAI) has formalized a multi-year Perpetual Power Agreement with Finnair Plc, encompassing 36 CFM56-5B engines. This strategic collaboration replaces traditional engine shop visits with an engine exchange model, designed to enhance Finnair’s fleet flexibility, operational reliability, and maintenance cost predictability.
Advancing Fleet Maintenance Through Engine Exchange
FTAI’s Perpetual Power Program offers a tailored approach to engine fleet management by minimizing the need for costly and time-consuming shop visits. By guaranteeing engine availability and utilizing FTAI’s in-house maintenance capabilities, the program supports Finnair’s objectives of improving operational efficiency and controlling maintenance expenditures. David Moreno, Chief Operating Officer at FTAI Aviation, highlighted the program’s benefits, stating, “Perpetual Power is about cost savings and flexibility. Instead of being dependent on long, expensive overhauls, airlines can rely on FTAI for immediate engine exchange solutions that save money and keep their fleets operating at optimal utilization.”
Christine Rovelli, Chief Revenue Officer at Finnair, underscored the strategic importance of the agreement, noting, “This agreement with FTAI strengthens our ability to adapt as our fleet evolves. By securing access to a flexible engine program, we can better manage maintenance costs, improve reliability, and continue to deliver a reliable product to our customers.”
Industry Context and Challenges Ahead
The partnership reflects a broader industry trend toward flexible and sustainable maintenance solutions. FTAI’s engine exchange model aligns with airlines’ increasing focus on optimizing fleet management while reducing environmental impact. This agreement may also influence competitive dynamics, encouraging other market players to enhance their engine exchange offerings or maintenance services.
Nonetheless, the collaboration faces challenges, including the integration of new engine models, ensuring timely engine availability, and the implementation of comprehensive maintenance and training programs. Successfully navigating these complexities will be essential for both companies to fully capitalize on the advantages of the Perpetual Power Program.
Investor response to the deal has been positive, with heightened interest in FTAI Aviation reflecting the strategic value of the partnership. As airlines and lessors seek innovative solutions to manage operational costs and meet sustainability goals, such agreements are poised to shape the future landscape of aircraft propulsion services.
Company Profiles
FTAI Aviation Ltd. is a leading provider of aftermarket power solutions for CFM56 and V2500 engines, which power many of the world’s most widely used commercial aircraft. Its Maintenance, Repair and Exchange (MRE) product delivers cost savings and operational flexibility through the lease, sale, and exchange of refurbished serviceable engines and modules. Additionally, FTAI manages and co-invests in on-lease narrowbody aircraft alongside institutional investors via its Strategic Capital Initiative.
Finnair Plc is a network airline specializing in passenger and cargo connections between Asia, North America, and Europe. It is the only airline offering year-round direct flights to Lapland and has been recognized as the Best Airline in Northern Europe by Skytrax for 15 consecutive years. Finnair is a member of the oneworld alliance, with shares publicly traded on Nasdaq Helsinki.

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