If you are visually impaired or blind, you can visit the PDF version by Pressing CONTROL + ALT + 4
<br /> ISSUE TWO 2018<br /> AERO ENGINE YEARBOOK<br /> Sponsored by:<br /> Rolls-Royce &<br /> Partners Finance<br /> www.aviationnews-online.com<br /> The IntelligentEngine.<br /> A powerful vision for the<br /> future of aircraft power.<br /> Pioneering the IntelligentEngine.<br /> Rolls-Royce.com/IntelligentEngine<br /> <br /> CONTENTS<br /> 4 A pivotal moment<br /> Letter from the editor<br /> 6 News<br /> 16 Extend, extend, extend<br /> The past 12 months in the engine leasing<br /> market have been characterised as a<br /> year of extensions.<br /> 22 Emerging horizon in spare<br /> engines<br /> Bobby Janagan, general manager at<br /> Rolls-Royce Partners Finance, shares<br /> his views on the current and future<br /> <a title="Aero Engine Yearbook 2018 page 1" href="http://viewer.zmags.com/publication/8d00c03c?page=1"> ISSUE TWO </a> <a title="Aero Engine Yearbook 2018 page 2" href="http://viewer.zmags.com/publication/8d00c03c?page=2"> The IntelligentEngine. A powerful vision for the </a> <a title="Aero Engine Yearbook 2018 page 3" href="http://viewer.zmags.com/publication/8d00c03c?page=3"> </a> <a title="Aero Engine Yearbook 2018 page 4" href="http://viewer.zmags.com/publication/8d00c03c?page=4"> CONTENTS 4 A pivotal moment Let</a> <a title="Aero Engine Yearbook 2018 page 5" href="http://viewer.zmags.com/publication/8d00c03c?page=5"> BOSTON | SHANNON | LONDON | SINGAPORE SUPP</a> <a title="Aero Engine Yearbook 2018 page 6" href="http://viewer.zmags.com/publication/8d00c03c?page=6"> EDITOR’S LETTER A PIVOTAL YEAR </a> <a title="Aero Engine Yearbook 2018 page 7" href="http://viewer.zmags.com/publication/8d00c03c?page=7"> Asset Management Aset Management • • • Remark</a> <a title="Aero Engine Yearbook 2018 page 8" href="http://viewer.zmags.com/publication/8d00c03c?page=8"> NEWS GECAS reprieve as GE refocuses on aviation</a> <a title="Aero Engine Yearbook 2018 page 9" href="http://viewer.zmags.com/publication/8d00c03c?page=9"> Global Leaders in Aviation Finance kpmg.ie/aviat</a> <a title="Aero Engine Yearbook 2018 page 10" href="http://viewer.zmags.com/publication/8d00c03c?page=10"> NEWS Rolls-Royce outlines mid-term ambition Rol</a> <a title="Aero Engine Yearbook 2018 page 11" href="http://viewer.zmags.com/publication/8d00c03c?page=11"> @AFIKLMEM </a> <a title="Aero Engine Yearbook 2018 page 12" href="http://viewer.zmags.com/publication/8d00c03c?page=12"> NEWS Columbus Engine Center opens new engine te</a> <a title="Aero Engine Yearbook 2018 page 13" href="http://viewer.zmags.com/publication/8d00c03c?page=13"> Your mission is our mission. When you depend on t</a> <a title="Aero Engine Yearbook 2018 page 14" href="http://viewer.zmags.com/publication/8d00c03c?page=14"> NEWS The impact of Southwest Airlines Flight 13</a> <a title="Aero Engine Yearbook 2018 page 15" href="http://viewer.zmags.com/publication/8d00c03c?page=15"> Fly Safe We make our customers New Fly on Ti</a> <a title="Aero Engine Yearbook 2018 page 16" href="http://viewer.zmags.com/publication/8d00c03c?page=16"> NEWS Designing engines for the 757 replacement </a> <a title="Aero Engine Yearbook 2018 page 17" href="http://viewer.zmags.com/publication/8d00c03c?page=17"> </a> <a title="Aero Engine Yearbook 2018 page 18" href="http://viewer.zmags.com/publication/8d00c03c?page=18"> ENGINE INVESTMENT AND LEASING Extend, extend, </a> <a title="Aero Engine Yearbook 2018 page 19" href="http://viewer.zmags.com/publication/8d00c03c?page=19"> ENGINE INVESTMENT AND LEASING </a> <a title="Aero Engine Yearbook 2018 page 20" href="http://viewer.zmags.com/publication/8d00c03c?page=20"> ENGINE INVESTMENT AND LEASING Airlines have </a> <a title="Aero Engine Yearbook 2018 page 21" href="http://viewer.zmags.com/publication/8d00c03c?page=21"> The sky is not the limit At AerFin we’re not con</a> <a title="Aero Engine Yearbook 2018 page 22" href="http://viewer.zmags.com/publication/8d00c03c?page=22"> ENGINE INVESTMENT AND LEASING “It is ve</a> <a title="Aero Engine Yearbook 2018 page 23" href="http://viewer.zmags.com/publication/8d00c03c?page=23"> Visit us at MRO Global May 15 – 16, 2018 </a> <a title="Aero Engine Yearbook 2018 page 24" href="http://viewer.zmags.com/publication/8d00c03c?page=24"> SPARE ENGINES Emerging horizon in spare engine</a> <a title="Aero Engine Yearbook 2018 page 25" href="http://viewer.zmags.com/publication/8d00c03c?page=25"> keep the spot market very tight. If there is lowe</a> <a title="Aero Engine Yearbook 2018 page 26" href="http://viewer.zmags.com/publication/8d00c03c?page=26"> New Technology Engines Entry into service issues </a> <a title="Aero Engine Yearbook 2018 page 27" href="http://viewer.zmags.com/publication/8d00c03c?page=27"> director JLS Consulting, said: “Airlines are de</a> <a title="Aero Engine Yearbook 2018 page 28" href="http://viewer.zmags.com/publication/8d00c03c?page=28"> NEW TECHNOLOGY ENGINES CFM</a> <a title="Aero Engine Yearbook 2018 page 29" href="http://viewer.zmags.com/publication/8d00c03c?page=29"> “Our ramp-up continues to mature; we delivered 37</a> <a title="Aero Engine Yearbook 2018 page 30" href="http://viewer.zmags.com/publication/8d00c03c?page=30"> Pioneering the IntelligentEngine Rolls-Royce sets</a> <a title="Aero Engine Yearbook 2018 page 31" href="http://viewer.zmags.com/publication/8d00c03c?page=31"> and a comprehensive maintenance programme to</a> <a title="Aero Engine Yearbook 2018 page 32" href="http://viewer.zmags.com/publication/8d00c03c?page=32"> ROLLS-ROYCE IN REAL WORLD APPLICATION,</a> <a title="Aero Engine Yearbook 2018 page 33" href="http://viewer.zmags.com/publication/8d00c03c?page=33"> Guaranteed. As the world's largest CFM56 engine </a> <a title="Aero Engine Yearbook 2018 page 34" href="http://viewer.zmags.com/publication/8d00c03c?page=34"> Smart technologies advancing rapidly Steve Johnso</a> <a title="Aero Engine Yearbook 2018 page 35" href="http://viewer.zmags.com/publication/8d00c03c?page=35"> applications, which is accessible by mobile d</a> <a title="Aero Engine Yearbook 2018 page 36" href="http://viewer.zmags.com/publication/8d00c03c?page=36"> SMART ENGINES of every part of an aircraft, irr</a> <a title="Aero Engine Yearbook 2018 page 37" href="http://viewer.zmags.com/publication/8d00c03c?page=37"> WE SPEAK ENGINE! EngineLife® by Safran Aircr</a> <a title="Aero Engine Yearbook 2018 page 38" href="http://viewer.zmags.com/publication/8d00c03c?page=38"> BUSINESS JET ENGINES The future of business avi</a> <a title="Aero Engine Yearbook 2018 page 39" href="http://viewer.zmags.com/publication/8d00c03c?page=39"> the Global 7500 at the show, which is a rebrand o</a> <a title="Aero Engine Yearbook 2018 page 40" href="http://viewer.zmags.com/publication/8d00c03c?page=40"> BUSINESS JET ENGINES In April 2018, however</a> <a title="Aero Engine Yearbook 2018 page 41" href="http://viewer.zmags.com/publication/8d00c03c?page=41"> European Product Support Centre W</a> <a title="Aero Engine Yearbook 2018 page 42" href="http://viewer.zmags.com/publication/8d00c03c?page=42"> MTU #avgeek MTU explores the use of hashtags</a> <a title="Aero Engine Yearbook 2018 page 43" href="http://viewer.zmags.com/publication/8d00c03c?page=43"> assets. This can range from generating additional</a> <a title="Aero Engine Yearbook 2018 page 44" href="http://viewer.zmags.com/publication/8d00c03c?page=44"> VIRTUAL ROUNDTABLE Hard talk The aero engine </a> <a title="Aero Engine Yearbook 2018 page 45" href="http://viewer.zmags.com/publication/8d00c03c?page=45"> Airline Economics: How would you char</a> <a title="Aero Engine Yearbook 2018 page 46" href="http://viewer.zmags.com/publication/8d00c03c?page=46"> VIRTUAL ROUNDTABLE In the widebody segment, </a> <a title="Aero Engine Yearbook 2018 page 47" href="http://viewer.zmags.com/publication/8d00c03c?page=47"> Moabery: Over the past 24 months fuel price</a> <a title="Aero Engine Yearbook 2018 page 48" href="http://viewer.zmags.com/publication/8d00c03c?page=48"> VIRTUAL ROUNDTABLE Coulcher: It’s having less i</a> <a title="Aero Engine Yearbook 2018 page 49" href="http://viewer.zmags.com/publication/8d00c03c?page=49"> FLY HIGHER with our world-class heavy maintenance</a> <a title="Aero Engine Yearbook 2018 page 50" href="http://viewer.zmags.com/publication/8d00c03c?page=50"> VIRTUAL ROUNDTABLE reach 50% of the A320ceo fle</a> <a title="Aero Engine Yearbook 2018 page 51" href="http://viewer.zmags.com/publication/8d00c03c?page=51"> </a> <a title="Aero Engine Yearbook 2018 page 52" href="http://viewer.zmags.com/publication/8d00c03c?page=52"> VIRTUAL ROUNDTABLE Talking engine MRO, parts an</a> <a title="Aero Engine Yearbook 2018 page 53" href="http://viewer.zmags.com/publication/8d00c03c?page=53"> your true supply chain partner ITS i</a> <a title="Aero Engine Yearbook 2018 page 54" href="http://viewer.zmags.com/publication/8d00c03c?page=54"> GECAS Passion for Power GECAS provides an updat</a> <a title="Aero Engine Yearbook 2018 page 55" href="http://viewer.zmags.com/publication/8d00c03c?page=55"> “New entrants provide more funding options and</a> <a title="Aero Engine Yearbook 2018 page 56" href="http://viewer.zmags.com/publication/8d00c03c?page=56"> GECAS attachment of OEM maintenance co</a> <a title="Aero Engine Yearbook 2018 page 57" href="http://viewer.zmags.com/publication/8d00c03c?page=57"> Above & Beyond With 50 years' experience in avia</a> <a title="Aero Engine Yearbook 2018 page 58" href="http://viewer.zmags.com/publication/8d00c03c?page=58"> FUTURE PROPULSION Game on for future aero engi</a> <a title="Aero Engine Yearbook 2018 page 59" href="http://viewer.zmags.com/publication/8d00c03c?page=59"> FUTURE PROPULSION possible, as soon as possible. </a> <a title="Aero Engine Yearbook 2018 page 60" href="http://viewer.zmags.com/publication/8d00c03c?page=60"> FUTURE PROPULSION STATE OF PLAY Although broad</a> <a title="Aero Engine Yearbook 2018 page 61" href="http://viewer.zmags.com/publication/8d00c03c?page=61"> the 797. Although the actual size, range and confi</a> <a title="Aero Engine Yearbook 2018 page 62" href="http://viewer.zmags.com/publication/8d00c03c?page=62"> FUTURE PROPULSION com</a> <a title="Aero Engine Yearbook 2018 page 63" href="http://viewer.zmags.com/publication/8d00c03c?page=63"> “Building up electric propulsion for aircraft, we</a> <a title="Aero Engine Yearbook 2018 page 64" href="http://viewer.zmags.com/publication/8d00c03c?page=64"> FUTURE PROPULSION 20-30 yea</a> <a title="Aero Engine Yearbook 2018 page 65" href="http://viewer.zmags.com/publication/8d00c03c?page=65"> </a> <a title="Aero Engine Yearbook 2018 page 66" href="http://viewer.zmags.com/publication/8d00c03c?page=66"> ENGINE VALUES Power Dominance: The gr</a> <a title="Aero Engine Yearbook 2018 page 67" href="http://viewer.zmags.com/publication/8d00c03c?page=67"> ENGINE VALUES CFM56-7B26 ESCALATION IN PRICING</a> <a title="Aero Engine Yearbook 2018 page 68" href="http://viewer.zmags.com/publication/8d00c03c?page=68"> ENGINE VALUES necessarily be the case. The spik</a> <a title="Aero Engine Yearbook 2018 page 69" href="http://viewer.zmags.com/publication/8d00c03c?page=69"> GROWTH FRONTIERS HONG KONG 2018 Supporting: Octob</a> <a title="Aero Engine Yearbook 2018 page 70" href="http://viewer.zmags.com/publication/8d00c03c?page=70"> Solving engine shortages As a surge of shop visit</a> <a title="Aero Engine Yearbook 2018 page 71" href="http://viewer.zmags.com/publication/8d00c03c?page=71"> continued demand for V2500s during this same peri</a> <a title="Aero Engine Yearbook 2018 page 72" href="http://viewer.zmags.com/publication/8d00c03c?page=72"> SPARE ENGINES The estimated spare numbers are s</a> <a title="Aero Engine Yearbook 2018 page 73" href="http://viewer.zmags.com/publication/8d00c03c?page=73"> www.iba.aero Make smarter decisions wi</a> <a title="Aero Engine Yearbook 2018 page 74" href="http://viewer.zmags.com/publication/8d00c03c?page=74"> DELTA TECHOPS The future of engine repair Del</a> <a title="Aero Engine Yearbook 2018 page 75" href="http://viewer.zmags.com/publication/8d00c03c?page=75"> “Rolls-Royce and Pratt & Whitney chose Delta </a> <a title="Aero Engine Yearbook 2018 page 76" href="http://viewer.zmags.com/publication/8d00c03c?page=76"> DELTA TECHOPS support area. Several new ele</a> <a title="Aero Engine Yearbook 2018 page 77" href="http://viewer.zmags.com/publication/8d00c03c?page=77"> It's about you. Only one MR</a> <a title="Aero Engine Yearbook 2018 page 78" href="http://viewer.zmags.com/publication/8d00c03c?page=78"> AERONORWAY A fresh Norwegian spirit The CFM56 </a> <a title="Aero Engine Yearbook 2018 page 79" href="http://viewer.zmags.com/publication/8d00c03c?page=79"> comprised of 52 -3s and 40 -5s and -7s. By 2020, </a> <a title="Aero Engine Yearbook 2018 page 80" href="http://viewer.zmags.com/publication/8d00c03c?page=80"> AERONORWAY type engines. If</a> <a title="Aero Engine Yearbook 2018 page 81" href="http://viewer.zmags.com/publication/8d00c03c?page=81"> Visit us at MRO Europe 2018 October 16-18. Booth </a> <a title="Aero Engine Yearbook 2018 page 82" href="http://viewer.zmags.com/publication/8d00c03c?page=82"> Trent 1000/900 Rolls-Royce is grappling to take c</a> <a title="Aero Engine Yearbook 2018 page 83" href="http://viewer.zmags.com/publication/8d00c03c?page=83"> expanding capacity at Rolls-Royce MRO facil</a> <a title="Aero Engine Yearbook 2018 page 84" href="http://viewer.zmags.com/publication/8d00c03c?page=84"> ROLLS-ROYCE Becoming an Authori</a> <a title="Aero Engine Yearbook 2018 page 85" href="http://viewer.zmags.com/publication/8d00c03c?page=85"> GROWTH FRONTIERS NEW YORK 2018 16th-18th October </a> <a title="Aero Engine Yearbook 2018 page 86" href="http://viewer.zmags.com/publication/8d00c03c?page=86"> AERO ENGINE PARTS Playing a valu</a> <a title="Aero Engine Yearbook 2018 page 87" href="http://viewer.zmags.com/publication/8d00c03c?page=87"> market conditions. Additionally, such as with the</a> <a title="Aero Engine Yearbook 2018 page 88" href="http://viewer.zmags.com/publication/8d00c03c?page=88"> ENGINE DATA CFM56-3 SERIES Overa</a> <a title="Aero Engine Yearbook 2018 page 89" href="http://viewer.zmags.com/publication/8d00c03c?page=89"> ENGINE DATA CFM56-5B“SAC” Maximum Take-off Th</a> <a title="Aero Engine Yearbook 2018 page 90" href="http://viewer.zmags.com/publication/8d00c03c?page=90"> ENGINE DATA CFM56-5C Variants Aircraft Take</a> <a title="Aero Engine Yearbook 2018 page 91" href="http://viewer.zmags.com/publication/8d00c03c?page=91"> ENGINE DATA CFM56-7B“E” Variants Aircraft </a> <a title="Aero Engine Yearbook 2018 page 92" href="http://viewer.zmags.com/publication/8d00c03c?page=92"> ENGINE DATA LEAP 1A </a> <a title="Aero Engine Yearbook 2018 page 93" href="http://viewer.zmags.com/publication/8d00c03c?page=93"> ENGINE DATA CF34 Maxi- Maximum No</a> <a title="Aero Engine Yearbook 2018 page 94" href="http://viewer.zmags.com/publication/8d00c03c?page=94"> ENGINE DATA CF6-80 Overall </a> <a title="Aero Engine Yearbook 2018 page 95" href="http://viewer.zmags.com/publication/8d00c03c?page=95"> ENGINE DATA CF6-80 Variants Aircraft Max S</a> <a title="Aero Engine Yearbook 2018 page 96" href="http://viewer.zmags.com/publication/8d00c03c?page=96"> ENGINE DATA GE90 Max Overal</a> <a title="Aero Engine Yearbook 2018 page 97" href="http://viewer.zmags.com/publication/8d00c03c?page=97"> ENGINE DATA V2500 Com- </a> <a title="Aero Engine Yearbook 2018 page 98" href="http://viewer.zmags.com/publication/8d00c03c?page=98"> ENGINE DATA PW JT8D (1980) Variants Aircraf</a> <a title="Aero Engine Yearbook 2018 page 99" href="http://viewer.zmags.com/publication/8d00c03c?page=99"> ENGINE DATA PW4000-94 </a> <a title="Aero Engine Yearbook 2018 page 100" href="http://viewer.zmags.com/publication/8d00c03c?page=100"> ENGINE DATA PW1100G-JM (2016) Variants Airc</a> <a title="Aero Engine Yearbook 2018 page 101" href="http://viewer.zmags.com/publication/8d00c03c?page=101"> ENGINE DATA RB211-524 (1988) Variants Aircr</a> <a title="Aero Engine Yearbook 2018 page 102" href="http://viewer.zmags.com/publication/8d00c03c?page=102"> ENGINE DATA TRENT 1000 (2011) Variants Airc</a> <a title="Aero Engine Yearbook 2018 page 103" href="http://viewer.zmags.com/publication/8d00c03c?page=103"> ENGINE DATA TRENT 800 (1996) Variants Aircr</a> <a title="Aero Engine Yearbook 2018 page 104" href="http://viewer.zmags.com/publication/8d00c03c?page=104"> DATA ENGINE VALUES AS OF 1ST JUNE 2016 OEM </a> <a title="Aero Engine Yearbook 2018 page 105" href="http://viewer.zmags.com/publication/8d00c03c?page=105"> DATA ENGINE VALUES AS OF 1ST JUNE 2016 OEM </a> <a title="Aero Engine Yearbook 2018 page 106" href="http://viewer.zmags.com/publication/8d00c03c?page=106"> See how we worked in partnership with Hawaiian Ai</a> <a title="Aero Engine Yearbook 2018 page 107" href="http://viewer.zmags.com/publication/8d00c03c?page=107"> Aloha! Rolls-Royce & Par</a> <a title="Aero Engine Yearbook 2018 page 108" href="http://viewer.zmags.com/publication/8d00c03c?page=108"> Partnership is our business </a>