Senior Editor

Jerry Siebenmark

Pratt &amp; Whitney Canada (P&amp;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&amp;WC turbine, turboprop, or turboshaft engine and own it by the end of the lease term. It’s one of four options in P&amp;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&amp;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&amp;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.”

News and developments about aircraft engines, including turbofan, turboprop, turboshaft and piston.

P&WC Expands Options in Spare Engine Program

Pratt & Whitney Canada has added a lease-to-own option in its spare engines program.

2024 Corporate Aviation Leadership Summit

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News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine-powered airplanes and helicopters. Subjects include aircraft, engines, maintenance, operations, personnel, acquisitions, accidents, safety, security, and training.

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Essential news and analysis on the defense aerospace business. Your trusted source for new and ongoing programs and requirements in military aircraft (manned and unmanned), engines, avionics, weapons and associated systems, including ground-based air defense.

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News and developments about airplanes, helicopters and unmanned air vehicles used in all varieties of operations, including airlines, military, business, commercial, general aviation and private.

News about environmental issues relating to aircraft operations, including noise issues, emissisions, and regulations. See Fuel for biofuel.

News and issues relating to the aerospace industry that are related to the science, engineering and business of flight in space involving civil, industrial and military applications, and similar topics related to flight in the atmosphere of the Earth that are not covered more directly by other AINonline subject channels. In other words, both astronautical and aeronautical subjects, except for those aeronautical topics that are specifically covered elsewhere on this website.

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News and issues about aviation maintenance, repair and overhaul (MRO), covering all segments of the aviation industry; and modifications for aircraft and engines. Subjects include product support of aircraft, engines and avionics, MRO company mergers, acquisitions, announcements and personnel, Airworthiness Directives, Supplemental Type Certificate approvals and other topics.

News and information on safety procedures and concerns.

News and issues concerning general aviation, specifically airplanes and helicopters powered by piston and alternative engines (i.e., non-turbine powered aircraft). Subjects include aircraft, engines, personnel, acquisitions, accidents, safety, security and training.

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