RRPF and DVB complete first installed engine sale and lease-back
Above:
The V2500 engine.
Courtesy Rolls-Royce
The aircraft were subject to existing leases purchased from Mitsui & Co US and are all on lease in the Americas region.
Bobby Janagan, Rolls-Royce & Partners Finance, General Manager, said: "This was the first time that RRPF has completed such a transaction. It shows that we are able to develop new products to support all customers including aircraft investors who are looking to realise the full value of assets approaching the later stages of their economic lifecycle."
The transaction successfully leveraged the complimentary expertise and platforms of RRPF and DVB. RRPF is the market leading spare engine lessor of this engine type, with the ability to extract the maximum value from engine assets. DVB has significant experience of financing, investing in and managing aircraft and as advisor to the Deucalion Aviation Funds has a 13 year track record of arranging and managing highly structured aviation investments.
Established in 1989, RRPF was the first manufacturer affiliated engine leasing company. RRPF has the largest global portfolio of Rolls-Royce and IAE V2500-A5 spare engines.
Rolls-Royce & Partners Finance is a joint venture company of Rolls-Royce and GATX Corp.
