“Overall, the LEAP installed base will approximately triple by the end of the decade with internal shop visits growing roughly at the same pace.”

In context

“s 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 shop visit, this dynamic is contributing to higher growth. Better performance from both CFM56 and GE90 is a key driver of our improved outlook compared to last March. Another significant contributor to our profit outlook is the growing LEAP aftermarket on Slide 25. Overall, the LEAP installed base will approximately triple by the end of the decade with internal shop visits growing roughly at the same pace. Beyond revenue, we are focused on improving the profitability of services as the program matures. Touching on a couple of ways we are improving performance. First, we expect external shop visits to grow from 10% of the total in '24 to 15% in '25 to 30% by the end of the decade. This increased volume drives spare part sales and offers a mix benefit. Second, we expect to continue benefiting from catalog price increases. More importantly, we have significantly improved pricing in new service contract as we move past launch. While these increases take time to materialize in the financials, higher shop visit pricing combined with improved time on wing will support improved services profitability. We continue to expect approximately 70% of LEAP shop visits to be performed by CFM, split equally”