This latest transaction continues the partnership between the two companies, as Condor has previously leased engines from APOC. Following the lease term, the asset will return to APOC’s portfolio for teardown and part-out in 2026.

“The CFM56-5A engine type is in short supply,” said Bruce Ansell, Technical Manager of the Engines Division at APOC Aviation. “A significant number of these engines remain in operation, supporting older A320 family aircraft. Demand is increasing, availability is limited, and prices for engines and components are rising. We have been strategically expanding our lease portfolio to meet this demand.”

Ansell added that operators are seeking reliability and maintenance solutions that maximise aircraft utilisation. “Although new engine types are gaining traction, current availability and reliability challenges mean we expect strong demand for CFM56 engines to continue through 2030,” he said.

Condor, which has been operating for nearly seventy years and flies over eight million passengers annually to around 70 destinations worldwide, is currently renewing its short- and medium-haul fleet with new A320neo and A321neo aircraft. “Until the modernisation is complete, we are still operating A320ceo aircraft that are maintained by our in-house organisation, Condor Technik,” said Ronald Restorf, Asset Manager at Condor. “For these aircraft, we need a reliable partner to support engine handling, and APOC’s focused portfolio aligns perfectly with our lease requirements.”

Headquartered in the Netherlands, APOC is a specialist in trading, stocking, and leasing engines and LRUs, with a presence across Europe and Singapore. Its portfolio spans Airbus, Boeing, Embraer, and ATR platforms, supported by private equity investor Egeria since 2020.