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Rolls-Royce & Partners Finance

GATX, through its Rolls-Royce & Partners Finance Ltd. joint venture, offers airlines financing alternatives for aircraft spare engines, including full payout finance leases and short- or long-term off balance sheet operating leases.

Since 1998, GATX and Rolls-Royce Plc have maintained a 50-50 joint venture through Rolls-Royce & Partners Finance Ltd. (RRPF).  RRPF is the world's largest lessor of modern jet engines, specializing in models manufactured by Rolls-Royce and International Aero Engines. RRPF offers both short-term and long-term operating leases in addition to finance leases. 

 

Spare engine leasing is separate from aircraft leasing because engines require more intensive technical management. Since engine overhauls are one of the largest airline operating cost segments, each overhaul must be closely managed. Engine lessors work with airline customers to optimize the cost and availability of spare engines.

 

Due to the high capital value of aircraft, commercial airlines generally maintain a number of spare engines to ensure aircraft are not grounded when engines are removed for normal maintenance, or as a result of failure, resulting in a loss of revenue. Prior to development of the engine leasing business, airlines had to manage engine removals via spare engine ownership, or expensive emergency engine leasing.

  

Rolls-Royce Plc also provides related financial product and asset information.