Air Transport World

Gentlemen, lease your engines. (Engine Lease Finance Ltd.) (company profile)

London-More than 7,000 new civil airliners will be delivered between now and the year 2000, reflecting a growth of between 6% and 14% depending on the area of the world, according to Jon Sharp, CEO of newly established Engine Lease Finance, Ltd (ELF). These new aircraft will require some $50 billion worth of jet engines, ELF estimates.

ELF, whose shareholders include international Aircraft Services, Potomac Capital Investment Corp. (PCI), and BAII-said to have total assets of $2 billion, is in the business of medium/long-term leasing, 1-20 years, and is not offering a "get-you-home" service. it is interested in the large-fan end of the market-not turboprops--from any of the three major manufacturers, Pratt & Whitney, GE and Rolls-Royce, both new and secondhand. "We are not interested in the JT3," said Sharp. …

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