ST Engineering Wins 15-Year Leap 1B Engine MRO Deal With Akasa Air

SINGAPORE—ST Engineering has finalized a long-term agreement as a licensed CFM Leap services provider, signing a 15-year deal with India’s Akasa Air covering the airline’s current and future Leap-1B powered Boeing 737 MAX aircraft.

The Singapore-based MRO provider signed a Leap co-branded service agreement (CBSA) in 2023, becoming the fifth company—and first in the Asia-Pacific region—with a CBSA. Eleven other shops have less extensive Leap services licenses.

Having already achieved testing capabilities for the Leap-1A and Leap-1B engines in Singapore, ST Engineering is in the process of expanding its capabilities to include Leap Performance Restoration Shop Visit (PRSV).

PRSV consists of restoration of the core major engine module, bringing back the engine exhaust gas temperature margin close to a new production engine. An engine typically goes through three to four PRSV cycles in its lifecycle.

Since its inception in 2021, Akasa Air is one of India’s fastest growing airlines. The Aviation Week Network Fleet Discovery database shows Akasa currently operates 24 737-8s, including one high density 737-8-200 variant. On backlog are 202 737-8-200s and 99 737-10s.