Engine Lease Finance Corporation

News & Press

Global Engine Leasing Company 2007 / 08

Engine Lease Finance Corporation wins major transport award for fifth consecutive year.

Birmingham 25th July 2007… The Institute of Transport Management (ITM) today announces the findings from its annual research programme into the aviation sector. The Institute has been disseminating Awards to the transport industry since 1977 in an effort to encourage best practice and advise members and other interested parties on current market offerings. The accreditation programme encompasses all sectors and segments of the industry and is the premier monitoring scheme for land, sea and air transport operations. In the aviation sector this year, the Institute is pleased to present the Award for ‘Global Engine Leasing Company 2007/8’ to Engine Lease Finance Corporation for its superlative offerings to the market and the example the company sets to the rest of the sector.

Since its establishment in 1989, Engine Lease Finance Corporation (ELF) has grown to become the leading international supplier of independent spare engine finance and leasing. The company is headquartered in the Republic of Ireland but owned by the USA’s BTMU Capital, itself wholly-owned by The Bank of Tokyo Mitsubishi UFJ, the globally renowned financial institution. With such extensive backing, ELF has the overarching financial power and security to offer long-term, cost-effective financial support to airlines worldwide, able to anticipate and adapt to fluctuations in world markets. ELF continues to seek mutually beneficial ties with strong international partners such as Volvo Aero and Sumitomo Corporation, a policy which improves risk management and operational flexibility.

ELF specialises in the provision of customisable medium- and long-term spare engine financial support and leasing packages, which meet the latest legislative requirements including those regulating noise pollution. Its leasing programmes offer substantial advantages such as: a positive balance sheet effect; fixed monthly rent; cash flow improvement; overhaul and cost control; no LIBOR alterations or engine list price rises following delivery. Furthermore, the sale and leaseback option provides extra financial opportunities; the release of cash and optimisation of cash flow, plus elimination of future value risk and an increase in operational flexibility. Additionally, ELF’s activities extend to asset management and engine marketing, the former including: lease placement and management for other engine owners; maximisation of assets; engine package syndication; technical consulting; sales representation; and venture partner portfolio management. In the field of engine marketing, ELF can call on its global connections and deep market knowledge to facilitate trading, buying and selling.

Commenting on this year’s Award to ELF, Mr. Patrick Sheedy, Media & PR Director at the Institute of Transport Management, said: “The Institute is committed to raising standards in the global aviation industry and as an accreditation body we help to do that through benchmarking. By means of the Awards programme, we draw attention to and reward those companies which are performing at the very highest level and acting as models for improvement in other businesses. One such Award-winner is Engine Lease Finance Corporation, which has enjoyed consistent success with the Awards over the last few years under the assured leadership of CEO Jon Sharp.”

“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.”

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