en.Wedoany.com Reported - AIP Capital and Bridgepoint have signed a purchase agreement to acquire a portfolio of 11 LEAP-1B engines from CFM International.
This acquisition expands the joint venture between AIP and Bridgepoint, which aims to build a diversified portfolio of commercial aircraft engines exceeding $1 billion, covering both next-generation and in-service aircraft engines. The new engines are scheduled for delivery between 2027 and 2029 and will subsequently be leased to airlines, MRO organizations, and other operators to support operational needs.
The agreement demonstrates the continuously strengthening partnership among AIP, Bridgepoint, and CFM. This collaboration began in 2024 when AIP and Bridgepoint jointly purchased their first batch of LEAP-1B engines from CFM.
Mathew Adamo, Managing Partner at AIP, stated that this order represents another milestone in the company's cooperation with CFM and its strategy, while expressing pleasure in continuing to expand the successful partnership with CFM and recognizing the reliability, fuel efficiency, and performance of the LEAP engine series.
Rohit Dhote, Partner and Co-Head of Credit Opportunities at Bridgepoint, expressed delight in collaborating with AIP and CFM to acquire these engines, noting that CFM continues to stand out with these popular advanced engines.
Gaël Méheust, President and CEO of CFM International, expressed pride in further expanding the partnership with AIP Capital and Bridgepoint. The agreement reinforces the shared mission of reducing the aviation industry's environmental impact while delivering industry-leading reliability, exceptional service, and support.
CFM International is a 50/50 joint venture between GE Aerospace and Safran Aircraft Engines.
AIP Capital is a global alternative investment management firm focused on opportunities in asset-based finance, including aviation and equipment financing. AIP and its affiliates manage approximately $7.1 billion in assets on behalf of a diversified global investor base. The AIP team consists of approximately 70 experienced professionals based in offices in Stamford, New York City, Dublin, Singapore, Seoul, and Tokyo.
Bridgepoint Group is one of the world's leading mid-market investors, focusing on private equity, infrastructure, credit, secondaries, and private wealth, with $98 billion in assets under management. The group's credit business, Bridgepoint Credit, has invested over €22 billion in more than 350 companies since 2008.
