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AerCap
AerCap Announces Strategic Shift in Engine Maintenance Business at its AeroTurbine Subsidiary
October 31st, 2008
After completing a strategic review of its Engine Maintenance & Overhaul business unit segment, AeroTurbine, Inc. announced that it is reducing operations of its engine performance restoration line. AeroTurbine will maintain current field service, accessories/line replaceable units (LRU) and light engine maintenance capabilities in support of its engine leasing business. Currently, AeroTurbine performs full engine overhauls in support of its own CFM56-2/-3 engine lease portfolio. "We concluded that the investment and effort required to make AeroTurbine's engine maintenance platform commercially viable in the third party market would not provide the necessary return on...
Source: Health Business Week (2008-10-31)
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