“And we expect a gradual decline in volume post '27 to roughly 2,000 shop visits by the end of the decade.”

In context

“as we are offsetting the impact of LEAP with better performance on other platforms. Altogether, we expect services profit to grow over 50% between '24 and '28 with contributions from both foundational and current generation programs. Going deeper into the outlook for our foundational fleets on Slide 24. Currently, approximately 40% of CFM56 fleet has yet to undergo a first shop visit. And a majority of the operators anticipate keeping these engines in service well into 2030s. This sustained demand is resulting in fewer retirements, we expect retirements of around 1.5% in 2025, rising to 2% to 3% in 2016 before normalizing at 3% to 4%. Increased shop visit activity, which we expect to peak in '27 with approximately 600 additional shop visits through '28 compared to our outlook last March. And we expect a gradual decline in volume post '27 to roughly 2,000 shop visits by the end of the decade. With this shop visit outlook, we expect CFM56 revenue peaks in '28, underpinned by increased work scopes and pricing. We are seeing similar dynamics with GE90. Continued strong demand for freighter aircraft, coupled with a more gradual wide-body production ramp is extending the services demand across this fleet. We now expect internal shop visits for GE90 to grow through '28, representing approximately 100 incremental visits compared to our outlook last March. And as a reminder, wide-body shop visits can be more than 2x the revenue of a narrow-body shop visit. So this is a significant contributor to higher revenue. In addition, the score for wide-body shop visits typically increases by about 50% during the second shop visits. With approximately 70% of GE90 fleet yet to undergo a second sh”