The Scenario

A lessor had leased 6 aircraft (12 engines) to a new operator.

The lease terms were $200k per aircraft per month, with a 24-month lease period.

8 months into the lease, the operator went bankrupt and ceased operating. The lessor was forced to repossess all 6 aircraft

TES’ Service

As these engines were part of the lessor's “active asset management fleet”. TES was providing real time tracking of the aircraft and engine utilisation via our EFPAC software, and was able to immediately provide:

• Up to date information on the engine configuration, including Engine build life (AD / SB incorporation, LLP status, engine performance and ‘first limiter’ information)
  
• Expected Shop Visit dates, predicted workscope and likely shop visit costs

• Full details on how much had been accrued into the maintenance reserve funds, any draw downs that had been taken, and any funds that would be available at the upcoming shop visits
  
• Complete documentation for the engines, including full back to birth trace for the parts.
  TES also performed immediate physical and borescope inspections on the engines to accept them “back of lease” on the lessors behalf
  

The Outcome

As a result of TES having the necessary information immediately available, the lessor re-leased the aircraft and engines 1 month earlier than they expected, and saved $1.2m of lost revenue.