November 2, 2023

Engine Alliance and MTU Maintenance Lease Services announce strategic partnership for management of GP Lease Pool Assets

Teamwork Central to Mutual Success

Engine Alliance, LLC (“EA”), a joint venture between Pratt & Whitney, an RTX business, and GE Aerospace, has named MTU Maintenance Lease Services B.V. (“MLS”) as an exclusive provider of the management of the EA-owned fleet of GP7000 lease pool engines. MLS will support EA with its engine lease pool for Airbus A380 operators around the globe with management of all storage, administrative, logistics, start and end of lease related activities, as well as provide support to lessors during the lease period. Such arrangement supports the entire fleet of EA GP7000 lease pool assets.

“We are delighted to have entered into this partnership with MLS,” said Amy Johnston, President, EA. “As an extremely experienced lessor and asset manager, MLS offers best-in-class service when it comes to maximizing the use and availability of our engine lease pool.”

“This is the largest GP7000 spare engine pool worldwide and we look forward to providing excellent fleet management support to EA and, in turn, their GP7000 airline operators,” said Patrick Biebel, Managing Director, MLS. “Our OEM, MRO and asset management background ensures we can provide the best solutions to customers.”

The fleet management service is executed from the MLS head office in Amsterdam, the Netherlands. Currently, MLS is working to onboard the engines into the fleet management program, which is efficiently managed through MTU’s proprietary fleet management software platform Cortex Lease.

About MTU Maintenance Lease Services B.V.
MTU Maintenance Lease Services B.V. (MLS) is an engine leasing, asset management and technical consultant specialist. Founded in 2014, the company has been a wholly owned subsidiary of MTU Aero Engines since 2021. Its core business is short- and medium-term engine leasing, but its repertoire also offers cost-efficient management of assets from delivery until teardown, including comprehensive material management solutions and technical consulting. The company employs more than 50 people worldwide. In addition to its representative offices in Atlanta, Georgia and Dublin, Ireland, MLS has also expanded its regional presence in Asia. To this end, it converted its representative office in Singapore into a fully-fledged subsidiary: MTU Maintenance Singapore Pte. Ltd in 2019. MTU Aero Engines, of which MLS is an 100% subsidiary, is a GP7000 risk and revenue sharing program partner and performs MRO on the low-pressure turbine in Munich.

About Engine Alliance
Engine Alliance, LLC (“EA”) is a 50-50 joint venture of GE (NYSE:GE) and Pratt & Whitney, an RTX business (NYSE:RTX). Revenue-sharing partners include MTU Aero Engines of Germany, SAFRAN Aero Boosters of Belgium and SAFRAN Aircraft Engines of France. EA manufactures and services the GP7200 engine, the quietest, most reliable and most fuel-efficient powerplant for the Airbus A380.