Steve Stryakos

Steve Stryakos asked about the significant growth in aeroderivatives within the Component Repair Services (CRS) segment, seeking details on 2025 revenue generation and expected evolution into 2026 and beyond. He also inquired about the likelihood of StandardAero signing long-term agreements directly with airlines, similar to Ryanair's deal with CFM, as an outyear opportunity.

Answer

Alex Trapp (Chief Strategy Officer) noted an uptick in activity for aeroderivative platforms like LM2500 and LM6000, with plans to expand their repair catalog and invest in the market, but did not provide specific revenue numbers. Regarding long-term airline agreements, Alex Trapp explained that Ryanair's current agreement is with the OEM until the end of the decade, and any independent MRO setup by Ryanair would be a multi-year industrialization process.

Steve Stryakos asked about the significant growth in aeroderivatives within the Component Repair Services (CRS) segment, seeking details on revenue generated in 2025 and expected evolution. He also inquired about the likelihood of signing long-term agreements directly with airlines, similar to Ryanair's deal with CFM, as an outyear opportunity.

Answer

Alex Trapp, Chief Strategy Officer, stated that specific revenue numbers for aeroderivatives are not disclosed but confirmed an uptick in activity for platforms like LM2500 and LM6000, with ongoing efforts to expand the repair catalog. Regarding long-term airline agreements, he explained that Ryanair's current agreement is with the OEM, and any move to an independent MRO shop would be a multi-year dynamic.