FTAI Aviation reported a surge in engine module activity during the first quarter of 2026, with its Miami and Montreal facilities processing approximately 270 CFM56 engine modules, a figure that nearly doubled compared to the same period in the prior year, according to reporting by Aviation Week MRO.
The company's Aerospace Products segment processed more than 200 modules per quarter across its two main facilities. The increase reflects sustained demand from commercial airlines seeking maintenance solutions for CFM56-powered Airbus A320 family and Boeing 737 aircraft.
FTAI also completed a $612 million asset-backed securities transaction, known as MRE 2026-1, backed by a portfolio of 48 narrowbody commercial aircraft with an average age of 15.6 years. The transaction illustrates how independent maintenance and parts providers are using aircraft asset portfolios alongside traditional shop visit revenue to access capital markets.
The CFM56 remains one of the most widely used narrowbody aircraft engines in service globally. Demand for replacement modules and repair services has remained elevated as airlines defer new aircraft orders while aging fleets remain in operation. Independent MRO providers with access to used serviceable material and repair capabilities have benefited from supply chain constraints affecting original equipment manufacturers.
Source: Aviation Week -- https://aviationweek.com/mro/aircraft-propulsion/mro-memo-maintenance-finance-align-ftai