Record Growth in Adjusted EBITDA
StandardAero reported a 23% growth in adjusted EBITDA for the year with an even stronger 37% growth in Q4, driven by robust market demand and strong execution.
Successful LEAP Program Development
The company made significant progress with the LEAP program, including the industrialization of their state-of-the-art LEAP MRO line and achieving all 2024 milestones.
Major New Contracts and Market Expansion
StandardAero signed agreements with nine different customers for the LEAP program, representing future revenue of over $1 billion, and received authorization from the Chinese aviation regulator CAAC.
Commercial Aerospace Market Growth
The commercial aerospace market exhibited 25% growth in 2024, with Q4 growth at 33%, driven by strong demand.
Successful IPO and Debt Refinancing
StandardAero completed its IPO in October and refinanced its debt, resulting in over $130 million of annual interest savings and a reduction in leverage to 3.1 times.