“So we expect about 30% off the shop visits to be external by the time we get to 2030.”

In context

“That's on track. And then obviously, the installed base, as we said that in our prepared remarks, we expect the installed base to be up 3x. So if you look at fundamental, what are the drivers of LEAP service profitability, I would say there are a few. One, as the LEAP shop visits grow, we will leverage our fixed investments in the MRO shops at a greater rate. So the fixed cost will get utilized at a higher rate. Therefore, that should help improve the profitability. The second is around price. We spoke about kind of the mid-single-digit growth, low single-digit pricing on CLP plus the pricing discipline that we've been driving for pricing new shop visits. So that's the second piece in the LEAP puzzle. The third, I would say, is the growing aftermarket channel. Again, I said that earlier. So we expect about 30% off the shop visits to be external by the time we get to 2030. So that drives the spare parts revenue stream, which is now beginning to grow as we -- in 2025, but we'll continue to expand. And the last piece is going to be repairs. I mean I think we spoke about it in our prepared remarks as well. And you saw that when we get together in Celma, some initial work that we're starting to do around that. So that's the final piece. And I think you put all that together, we are seeing good progress on LEAP service profitability in '25. And I think that will continue to improve as we get into the outer years, profit equals CFM56 margins, profit equals CFM56 [dollars] by 2030. And overall, I would say the LEAP service margins should start approaching our overall service margins by the time we get into that time frame. Operator: The next question comes from Do”