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P&WC Expands Options in Spare Engine Program
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Pratt & Whitney Canada has added a lease-to-own option in its spare engines program.
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Pratt & Whitney Canada has added a lease-to-own option in its spare engines program.
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Pratt & Whitney Canada (P&WC) has added a lease-to-own option to its Spare Engine Solutions program. Under lease-to-own, customers can lease a new or used P&WC turbine, turboprop, or turboshaft engine and own it by the end of the lease term. It’s one of four options in P&WC’s spare engine program intended to offer customers ways to prioritize their spending, reduce costs, better plan their monthly expenses, and extend aircraft life, according to P&WC.


Created in 2020, the spare engine program also offers long-term leasing, on-wing leasing, and short-term engine rental. Long-term leasing offers terms of 12 months or more and equips the customer with a spare engine under the latest configuration. On-wing leasing entails the leasing of an engine that remains on-wing. In some instances, the company will purchase the customer’s existing engine and lease one back to them, which lowers their operating expenses and extends the life of their aircraft. The program also offers a short-term rental option for customers whose engine is in the shop for scheduled or unscheduled maintenance.


“We are expanding our Spare Engine Solutions portfolio because more and more of our customers seek new ways to conserve cash and spur operational efficiency,” said P&WC v-p of customer service Irene Makris. “Our new leasing and ownership models serve customers who want alternatives that align with their individual situation.”

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