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Engine leasing provides airlines with financing alternatives, including 100% financing and an off balance sheet spare engine for a short or long lease term.
Spare engine leasing remains a separate activity to aircraft leasing because engines require more intensive technical management. Since the cost of an engine overhaul is one of the largest airline operating cost segments, every engine overhaul needs to be closely managed. Engine lessors work with airline customers to optimize the cost and availability of spare engines.
Due to the high capital value of aircraft, commercial airlines have typically maintained a number of spare engines to ensure that their aircraft are not grounded, resulting in a loss of revenue, when engines are removed for normal maintenance or as a result of failure. Prior to the development of the engine leasing business, airlines had to manage engine removals via spare engine ownership or expensive emergency engine leasing.
Our Partnership
Rolls-Royce & Partners Finance Limited (RRPF) is a 50-50 joint venture between GATX and Rolls-Royce Plc. Established in 1990, RRPF is currently the world's largest lessor of modern jet engines specializing in models manufactured by Rolls-Royce and International Aero Engines. RRPF offers both short and long term operating leases as well as finance leases.
Rolls-Royce Plc provides related financial product and asset information.
Contact: Mark Garrett
mark.garrett@rolls-royce.com.
65 Buckingham Gate
London SW1E 6AT
United Kingdom
Tel: 44. (0) 207.227.9121
Fax: 44. (0) 207.227.9150
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