Macquarie AirFinance First Leasing Company to Achieve TRUEngine Status
LE BOURGET, France — June 15, 2009 — Macquarie AirFinance has become the first leasing company to achieve the TRUEngine designation for CFM56-5B and CFM56-7B engines in its portfolio.
CFM International launched the TRUEngineTM program in mid-2008 to help the industry more accurately appraise used CFM56 engines and to enhance the resale value of these assets. Since then, CFM has continued to refine the program to bring customers additional benefits.
"As a leasing company, we are focused on engine reliability and performance for our customers and asset value retention for our shareholders," said John Willingham, CEO Macquarie AirFinance. "We believe CFM-approved parts and repairs are the best way to maximize all of these characteristics, and the TRUEngine qualification confirms our commitment to maintaining our assets to the highest standards available."
Many leasing companies adhere to a strict policy that their engines be maintained with only genuine parts from the original manufacturer. For these companies, achieving and maintaining TRUEngine status helps track compliance with this policy, as well as retain the long-term value of one of its most important assets.
To date, more than 3,000 engines in service have been granted TRUEngine status. The TRUEngineTM designation is available to all CFM56 engines meeting the criteria. To qualify for TRUEngineTM status, the engine configuration, engine overhaul practices, spare parts and repairs used to service the engine must be consistent with CFM requirements for that engine model. In addition, all maintenance must comply with CFM-issued engine manuals and other maintenance recommendations. The qualification data is obtained through a combination of fleet operational and maintenance records.
The TRUEngineTM designation also facilitates CFM's ability to provide technical support. Jet engines contain multiple, complex systems whose interactions must be carefully controlled. CFM's engine support is built upon technical expertise for genuine CFM56 parts and configurations, as well as data gained from the vast operational history of the global CFM56 engine population.
CFM International (CFM) is a 50/50 joint company of Snecma (SAFRAN Group) and General Electric Company.
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