FTAI Aviation Ltd. (Nasdaq: FTAI) announced a multi-year Maintenance, Repair and Exchange agreement with United Airlines (Nasdaq: UAL) that extends their existing engine exchange relationship from V2500-powered aircraft to CFM56-7B engines, according to a press release dated Oct. 8, 2026.

Under the program, FTAI delivers a serviceable engine ahead of each of United's scheduled engine removals and purchases the airline's unserviceable engine in exchange. The arrangement replaces traditional shop visits, which typically require the airline to bear the associated cost and aircraft downtime. FTAI adds each acquired engine to its inventory as feedstock for its maintenance, repair and overhaul network.

The program began with an initial group of CFM56-7B engines in 2026 and is structured to grow over its term as additional engines come due for removal. FTAI and United will jointly plan deliveries against the airline's removal schedule.

"This agreement allows United to keep its aircraft flying and its maintenance costs predictable, while FTAI takes on the shop visit," said Joe Adams, Chairman and CEO of FTAI.

United Executive Vice President and CFO Mike Leskinen said the agreement represents "an important step forward" in the airline's maintenance program for its Boeing 737 NG aircraft fleet.