in Aerospace

Avolon signs up to Rolls-Royce's LifeKey

Posted 7 January 2019 · Add Comment

Rolls-Royce has announced that Avolon has become the latest to sign up for LifeKey, its asset management offering exclusively for Trent engine LessorCare customers.


Courtesy Rolls-Royce

LifeKey is a central component of LessorCare, which was launched a year ago offering a single, comprehensive agreement for all Trent engine types. LessorCare provides faster and easier access to lessor services, offers the incorporation of services today and for the future and maximises possible return on investment. Rolls-Royce has signed LessorCare contracts with 14 customers, covering almost half of its leased widebody fleet.

Enhancing and replacing the industry-leading Operating lessor Engine Restoration Agreement (OPERA), LifeKey complements LessorCare by offering unique improvements in terms of greater visibility, accessibility, portability and liquidity.

Simon Goodson, Rolls-Royce, Senior Vice President - Customer Business, Civil Aerospace, said: “I’m delighted to welcome Avolon as one of our first LifeKey customers and look forward to continuing working closely together to maximise shared opportunities. This endorsement is a strong message to the industry that the developments we are driving provide real value to our lessor customers.”

Paul Geaney, Head of OEM Team, Avolon, said: “As a 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 further evidence of Avolon’s deep and growing relationship with Rolls-Royce, something we look forward to building on in the future.”

Rolls-Royce expects to bring all lessors using the existing OPERA (Operating Lessor Engine Restoration Agreement) mechanism over to LifeKey, which is only available as part of LessorCare.


 

* required field

Post a comment

Other Stories
Advertisement
Latest News

SMBC Aviation Capital orders 65 A320neo Family aircraft

Leading aircraft lessor SMBC Aviation Capital has boosted its total order book for the A320neo Family to 181 aircraft after signing a firm order for an additional 65 A320neo Family aircraft (15 A321neo and 50 A320neo).

Gatwick long-haul traffic grew in December 2018

London Gatwickís long-haul routes saw year-on-year growth of +6.1% in December, as a rising number of passengers opted to spend the festive season further afield.

Global Trek Aviation invests in Cardiff Airport

Cardiff Airport is delivering on the first phase of its Masterplan, with the announcement of a new flight handling operator.

Eurofighter consortium appoints Kurt Rossner Chairman of Supervisory Board

The shareholder representatives of Eurofighter Jagdflugzeug GmbH consortium have appointed Kurt Rossner from Airbus Defence & Space GmbH as the Chairman of the Supervisory Board with effect from 1st January 2019.

CMA approves Menzies Aviationís acquisition of Airline Services

The UK Competition and Markets Authority (CMA) has approved Menzies Aviation's acquisition of Airline Services, an aircraft presentation and de-icing specialist.

Isotropic Systems raises $14m to advance space-based connectivity

London-based integrated satellite terminal solutions provider, Isotropic Systems Ltd., has announced a $14 million Series A round of funding led by Boeing HorizonX Ventures, with participation from WML, Space Angels and Space

ODU 0201311219
See us at
Airborne ISR & C2 Battle ManagementSMINCW1210050218Aviation Africa 2019