Shannon, Boston, Beijing, Hong Kong, Singapore
Engine Lease Finance Corporation
News & Press
Global Engine Leasing Company 2007 / 08
Engine Lease Finance Corporation wins major transport award for fifth consecutive year.
Awarded by The Institute of Transport Management
Over the last five years Engine Lease Finance Corporation, headed by the dynamism of CEO Jon Sharp, has distinguished itself in an increasingly environment. As one of the world’s leading engine financing and leasing companies ELF specialise in the provision of flexible, medium to long-term spare engine support packages for the airline industry.
“ELF stands head-and-shoulders above other contenders in this category, possessing the independence, financial muscle and commercial nous which result in favourable rates and much-needed steady support for airlines worldwide. I warmly congratulate the team at ELF, who have worked hard to develop these unbeatable engine leasing and finance services – and who continue to do so. This Award goes to an outstanding company which has rightly continued to attract the attention of the Awards Committee with its sterling contribution to the aviation sector.”
Commented Mr. Patrick Sheedy, Media & PR Director at the Institute of Transport Management
ELFC – power pioneer
FROM POWER 30, PUBLISHED AS A SUPPLEMENT TO AIRFINANCE JOURNAL,
Registered as an Irish limited company in December 1989, ELF’s official
launch took place in London’s Savoy Hotel in January 1990. Two months
later, it leased its first engine to Virgin Atlantic and marked an
uninterrupted 17-year relationship with the airline by leasing more
engines this year.
Engine Finance Deal of the Year: ELF
FROM AIRFINANCE JOURNAL FEBRUARY 2008
One of the most original and pioneering deals in engine finance is ELF’s
sale of 28 engines to GSI for $157 million. The innovation lies in the
use of a trust structure, which involved ELF and subsidiary Aviation
Lease Finance declaring trusts in favour of GSI over the engines and
their leases. As an affiliated entity of a German closed end investors’
fund, GSI’s purchase of the engines brings a new type of investor into
the engine sector.