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AIP Capital and Bridgepoint Order Eleven CFM LEAP-1B Engines to Expand Portfolio

AIP Capital and Bridgepoint Expand Portfolio with Eleven CFM LEAP-1B Engine Order
AIP Capital and Bridgepoint have formalized an agreement to acquire eleven CFM LEAP-1B spare engines from CFM International, significantly enhancing their joint venture’s commercial aircraft engine portfolio, which now exceeds a valuation of $1 billion. Scheduled for delivery between 2027 and 2029, these engines will be leased to airlines, maintenance, repair and overhaul (MRO) providers, and other aviation operators. This leasing model enables operators to access additional engine capacity without the financial burden of outright ownership, thereby supporting fleet availability during routine maintenance or unforeseen repairs.
Strengthening a Strategic Partnership Amid Industry Challenges
This latest order builds upon the partnership initiated in 2024, when AIP Capital and Bridgepoint jointly acquired an initial batch of LEAP-1B engines from CFM International. By expanding their holdings in next-generation aviation assets, the firms aim to diversify across engine types, customer bases, and lease durations. This strategic positioning is intended to meet a broad spectrum of airline and maintenance requirements, reinforcing the joint venture’s role in the evolving aviation market.
The order arrives at a time when the aviation industry continues to grapple with supply chain disruptions stemming from the COVID-19 pandemic. These ongoing challenges have the potential to affect delivery schedules and operational planning. Market responses to the acquisition have been mixed; while some investors regard the deal as a calculated expansion, others express concern over heightened competition among engine manufacturers. In reaction, competitors may intensify efforts to enhance their engine offerings or secure additional orders to maintain market share.
CFM International’s Technological Edge and Industry Impact
CFM International, a 50-50 joint venture between GE Aerospace and Safran Aircraft Engines, recently achieved certification for durability kits designed for LEAP-1B engines. This advancement is expected to provide a competitive edge by improving engine reliability and maintenance efficiency. The LEAP engine family is widely recognized for its blend of reliability, performance, and fuel efficiency—qualities that are increasingly critical as the aviation sector intensifies efforts to reduce its environmental footprint.
AIP Capital’s investment aligns with its focus on asset-based finance, particularly in aviation and equipment financing. The firm and its affiliates currently manage approximately $7.1 billion in assets on behalf of a global investor base. Bridgepoint, operating through a diverse investment platform that includes private equity, infrastructure, credit, secondaries, and private wealth, manages around $98 billion in assets across Europe, North America, and Asia. Since 2008, Bridgepoint Credit has invested more than €22 billion across over 350 companies. This engine partnership offers both firms enhanced exposure to aviation assets supported by sustained long-term demand for commercial fleet operations and maintenance.
Perspectives from Industry Leaders
Mathew Adamo, Managing Partner at AIP Capital, emphasized the significance of the order, stating, “This order reflects another milestone in both our partnership and strategy with CFM. We are excited to continue expanding upon our successful relationship with CFM and recognize the reliability, fuel efficiency, and performance of the LEAP engine family.”
Rohit Dhote, Partner and Co-Head of Credit Opportunities at Bridgepoint, added, “We are excited to acquire these engines in partnership with AIP and CFM. CFM has continued to distinguish itself with these in-demand, state-of-the-art engines.”
Gaël Méheust, President and CEO of CFM International, remarked, “We are proud to further expand our relationship with AIP Capital and Bridgepoint. This agreement bolsters our shared mission to reduce aviation’s environmental impact while providing industry-leading reliability and exceptional service and support.”

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