AeroTurbine will manage all “off-wing” engine maintenance events for Webjet’s growing CFM56-3 engine fleet which currently consists of 45 CFM56-3 engines. Webjet will be the launch customer for AeroTurbine’s newly introduced AeroTurbine Flexible Engine Care Solutions (AFECS), which provides customers with a tailored engine fleet maintenance product based on the individual operational and financial goals of the client.

“We are excited that the marketplace has responded so quickly to our new AFECS service offering,” said Michael King, AeroTurbine President and Chief Executive Officer. “AeroTurbine is proud to have developed a first-in-industry approach to managing older power plants. We are a market leader in the CFM56-3 engine segment for material supply, engine leasing, and engine exchanges. I am pleased that we were able to successfully combine these products into a viable service solution that minimizes engine downtime and maintenance expense. We look forward to working with Webjet on this program and being part of their continued success in the coming years.”

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“The amendment to our credit facility is an important milestone in the continuing growth of AeroTurbine. The increased capacity and the inclusion of newer generation equipment represent a significant commercial advantage to AeroTurbine which will allow the company to aggressively pursue acquisitions of the most profitable aircraft, engines and parts inventory,” said Michael King, AeroTurbine President and Chief Executive Officer.

About AerCap and AeroTurbine
AerCap is the world’s leading independent aircraft leasing company. AeroTurbine is a subsidiary of AerCap focusing on engine leasing and trading, airframe and engine disassembly, aviation supply chain solutions, part sales and MRO services. AeroTurbine is headquartered in Miami with offices in Dallas, Phoenix, London and Singapore.

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