AerCap Holdings N.V. has announced its seven-year-long agreement with GE Aerospace.
The company will be providing its lease pool management services for the GE9X engine. This agreement will also extend AerCap’s ongoing lease pool support for GEnx, GE90, CF6 and CF34 engines.
Details of the agreement
Under this deal, AerCap will provide GE9X shop visit management, lease return coordination and technical services, including lease documentation and administration support.
Tom Slattery, executive Vice President of AerCap Engines, commented,”This agreement further strengthens our partnership with GE Aerospace and extends our engine leasing relationship into the next decade. It also adds GE’s newest technology engine, the GE9X, to our servicing capability, leveraging our existing industrial network to provide world-class support to GE Aerospace and their customers,”
GE Aerospace is set to invest in companies to support the GE9X customers as the engine will be in service, increasing capacity, enhancing training and adding advanced tooling in its MRO shops worldwide.
In addition to this, GE9X customers will also receive a full suite of services, including all of GE Aerospace’s popular engines, overhaul, component repair and advanced diagnostics.
“This agreement is an important building block to ensure that when the GE9X enters service, our customers have a robust network of support to keep their 777X fleets flying reliably and safely. AerCap’s global network, existing customer relationships and extensive experience on multiple GE Aerospace engines make them ideal to manage our GE9X lease pool,” said Russell Stokes, President and CEO, Commercial Engines and Services for GE Aerospace.
About AerCap
AerCap is a global aviation leasing company which serves approximately 300 customers worldwide. The company is also listed on the New York Stock Exchange (AER) and is based in Dublin with offices in Shannon, Memphis, Miami, Singapore, London, Dubai, Shanghai, Amsterdam and other locations.
With this new deal, both companies are set to benefit. What do you think about it? Let us know in the comments below!
