Extension of financing with Swiss Bank Consortium
AerFin Ltd (UK) and SR Technics have announced the launch of their Total Engine Solutions program Beyond.Fleet.Services™, after successfully delivering the first CFM56-5C4 engine to Philippine Airlines. The jointly managed AerFin and SR Technics program, which was selected by Philippine Airlines last September, will support the engine requirements of the Philippine carrier’s fleet of A340-300s.
SR Technics will handle the maintenance and repair services for the CFM56-5C engines as well as component-related support. AerFin Ltd will be responsible for the finance and leasing schemes, as well as the provisioning of CFM56-5C4 engines and spares in cooperation with SR Technics.
Bob James, CEO, AerFin commented, “This is proof that operator needs are evolving rapidly. Working with SR Technics to deliver the Beyond.Fleet.Services™ program creates the certainty they want – optimising flight availability and quality, while providing operators with more stability of their maintenance and support costs.”
SR Technics COO Jean-Marc Lenz said, “We are very pleased to be partnering with AerFin to supporting our long-standing customer Philippine Airlines. Beyond.Fleet.Services is an integrated solution designed to provide tailored support at each stage of aircraft maturity helping Philippine Airlines in optimizing their operational costs and fleet lifespan.”