Feb. 17, 2026Marubeni Corporation
Marubeni will launch a new initiative to provide a portfolio of next-generation spare engines(*1) for aircraft used during the engine maintenance process. As part of this initiative, ST Engineering Aerospace Ltd. (hereinafter, “STEA”), a leading global aviation OEM, MRO(*2), and asset management solutions provider based in Singapore, and Total Engine Asset Management Pte. Ltd. (hereinafter, “TEAM”), an aircraft engine leasing company (and joint venture between Marubeni and STEA), have signed a Letter of Intent (hereinafter, the “LOI”) regarding collaboration on the provision of spare engines for aircraft (hereinafter, the “Collaboration”).
BackgroundDemand for aircraft MRO is expanding globally, driven by factors such as growth in passenger demand leading to an increase in aircraft fleets, as well as extended use of older-generation aircraft due to delays in new aircraft delivery caused by supply chain disruptions.
When airlines conduct MRO on aircraft engines, they typically continue aircraft operations by installing in-house owned or leased spare engines. However, shortages in the supply of fuel-efficient next-generation aircraft engines have, in some cases, impacted maintenance schedules and airline operations. For MRO providers, securing spare engines is increasingly important in supporting the operations of their customers.
Collaboration OverviewTo date, Marubeni and STEA have promoted TEAM’s aircraft engine leasing and asset management business by leveraging Marubeni’s knowledge and network cultivated through its aircraft leasing and aftermarket businesses, together with STEA’s extensive aviation industry network and deep expertise in aircraft and engine maintenance.
Under the Collaboration, TEAM will lease a portfolio of next-generation engines to STEA. STEA will then sub-lease those engines to airlines that commission engine maintenance. This Collaboration will reduce aircraft downtime for airlines and expand STEA’s MRO service offerings.
Future OutlookIn its Mid-Term Management Strategy GC2027, Marubeni is focusing on building strategic platform businesses that combine “growth domains × high added value × scalability.” Through the Collaboration, Marubeni will help address challenges facing the aviation industry by ensuring the availability of spare engines when originally installed aircraft engines are removed for maintenance. In coordination with its aircraft aftermarket and asset trading business, Marubeni will also expand its customer base and enhance services and solutions for airlines and MRO providers, thereby contributing to the sustainable growth of the aviation industry.
(*1) Spare engines are replacement engines used to keep aircraft in service when the engines originally installed on those aircraft are temporarily unavailable due to maintenance or repair needs.(*2) MRO stands for Maintenance, Repair, and Overhaul.
TEAM Overview
STEA Overview
