Industry Addendum: Leasing
Avolon launch customer for Rolls-Royce’s LifeKey
February 1st 2019
Global aircraft lessor, Avolon, is the first customer of Rolls-Royce’s LifeKey, the recently established asset management facility available exclusively to customers of one-year-old LessorCare. Read More »
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LessorCare’s strategy is to offer Trent engine clients faster, more efficient access to lessor services and maximize their return on their engine investments.
At press time, LessorCare had attracted 14 customers which the OEM said represented almost half of its leased wide body engine fleet.
LifeKey is replacing the Operating Lessor Engine Restoration Agreement (OPERA) and complements LessorCare because it improves visibility, accessibility, portability and liquidity of lessor engine assets.
Avolon OEM Team Head, Paul Geaney, said: “As the launch customer for LessorCare, we are very pleased to conclude our LifeKey agreement with Rolls-Royce. LifeKey provides significant security enhancements to Avolon and demonstrates that among OEMs.
“Rolls-Royce is at the forefront of developing products that address the needs of the leasing industry. This agreement is more evidence of Avolon’s deep and growing relationship with Rolls-Royce.”
Rolls-Royce senior vice president customer business civil aerospace, Simon Goodson, said he looked forward to working closely with Avolon “to maximize shared opportunities” and also to demonstrate to the industry that Rolls-Royce’s development in this sector provides value for customers.
