Major Leasing Companies Validate TRUEngine Program


Released on Wednesday, February 22, 2012
CFM56-5A
CFM56-5B
CFM56-5C
CFM56-7
CEO - Chief Executive Officer
GECAS - General Electric Commercial Aviation Services
ILFC - International Lease Finance Corp.
WEST CHESTER, Ohio - 22 February 2012 - Four of the world's largest aircraft leasing companies, International Lease Finance (ILFC), CIT, AerSale, and GE CapitalAviation Services (GECAS), have signed Letters Agreements with CFM International to include their engines in the TRUEngine program.

The TRUEngine designation serves as a method for identifying engines with CFM-approved content and facilitates product support of the engine system. Moreover, industry stakeholders can use the knowledge of engine content to evaluate engine value and re-marketability.

Since CFM launched the program in 2008, CFM has continued to enhance the program to bring added customer value. One such enhancement includes the addition of cumulative lease days that qualify customers for complimentary annual spareengine support from the CFM lease pool in the event of any unscheduled removals.

TRUEngine has continued to achieve broad-based industry acceptance. Currently, more than 6,990 CFM56 engines in service with operators worldwide are enrolled in the TRUEngine program. This number represents more than 40 percent of the in-service CFM56 commercial fleet worldwide. To date, nearly 65 airlines have qualified portions of their CFM56 fleets for the TRUEngine program.

"We're very pleased that the world's leading leasing companies recognize the benefits that the TRUEngine designation can bring to their portfolios," said Jean-Paul Ebanga, president and CEO of CFM International. "The TRUEngine designation enhances customer value in that it confirms engine content and the applicability of CFM technical data and, thus, streamlines the support process, and our customers are getting real benefits from the program."

The TRUEngine program is available for all CFM56 engines. To qualify, a customer submits engine serial numbers, along with a combination of fleet operational and maintenance records, to CFM for evaluation to ensure the engine content, overhaul practices, and repairs are consistent with CFM requirements for that engine model.

Source: Major Leasing Companies Validate TRUEngineTM Program as ILFC, CIT, AerSale, GECAS Sign Letter Agreements

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