SMBC Aero Engine Lease Completes the First Delivery of One LEAP-1B Engine to StandardAero

SMBC Aero Engine Lease B.V. (“SAEL”) is pleased to announce the successful delivery of one CFM International LEAP-1B engine on long– term lease to StandardAero (NYSE: SARO) in May 2025. This delivery marks the first transaction between the two companies and represents a significant step toward building a broader collaborative relationship.

StandardAero is a globally recognized provider of MRO services, and this transaction reflects SAEL’s commitment to supporting its partners with flexible solutions tailored to their operational needs.

“We see this delivery as the beginning of a strong and trust-based partnership with StandardAero,” said Roger Welaratne, MD & CEO of SAEL. “We look forward to expanding our collaboration over the years to come.”

Commenting on the announcement for StandardAero, Will Pitcher, Senior Vice President – Sales, Marketing and Customers said: “StandardAero is delighted to partner with global engine lessor SAEL to facilitate the availability of LEAP lease engines, thereby helping customers maximize operational availability during maintenance events.”

As a global engine lessor, SAEL remains committed to delivering customer centric solutions through close partnerships with our customers and service providers around the world.