Rolls-Royce has announced Apollo Aviation Group (together with its affiliates, “Apollo Aviation”) as a new customer for lesser care, the pioneering new service tailored specifically to the needs of lessors.
Apollo Aviation is a multi-strategy aviation investment manager with offices in Miami, Dublin and Singapore.
Apollo Aviation will adopt LessorCare across its existing and future fleets of Trent-powered aircraft, drawing together a range of services under one simple, flexible and comprehensive framework. Rolls-Royce launched LessorCare in January, and several of the world’s largest widebody aircraft lessors have now signed up to the service.
Robert Korn, President of Apollo Aviation, said: “LessorCare will deliver the type of services that we value, enabling us, in turn, to provide better, quicker support to our own customers. We look forward to working with Rolls-Royce to make LessorCare a real success.”
Simon Goodson, Rolls-Royce, Senior Vice President – Customer Business, Civil Aerospace, said: “We welcome Apollo Aviation to our growing family of LessorCare customers. We are committed to delivering choice and flexibility in our CareServices and LessorCare is part of that approach.”
LessorCare comprises one single, comprehensive agreement for all Trent engine types, giving customers access to all the services that they need throughout the engine lifecycle. It allows lessors to pay for what they want when they need it. The benefits are faster and easier access, the incorporation of services today and for the future, and the maximising of possible return on investment.
LessorCare services include:
- Customer support – Rolls-Royce’s network of technical support, publications, and training to optimise responsiveness and keep aircraft earning revenue.
- Transitions services – a range of maintenance and availability services, to ensure aircraft move faster and more efficiently between leases. Services include engine maintenance and remarketing support.
- Asset management – a range of solutions that build on Rolls-Royce’s experience of working in close partnership with airlines worldwide to maximise engine values through their life-cycle. These solutions will include LifeKey which will be our enhanced form of OPERA (Operating Lessor Engine Restoration Agreement) that provides portability and liquidity for maintenance value.
Beyond these initial services, Rolls-Royce will continue to work with customers to develop LessorCare further, working towards the even closer integration of aftermarket services and aircraft lease agreements.
About Rolls-Royce Holdings plc
- Rolls-Royce pioneers cutting-edge technologies that deliver the cleanest, safest and most competitive solutions to meet our planet’s vital power needs.
- Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 4,000 marine customers including 70 navies, and more than 5,000 power and nuclear customers.
- Annual underlying revenue was £15 billion in 2017, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £78.5 billion at the end of December 2017.
- In 2017, Rolls-Royce invested £1.4 billion on research and development. We also support a global network of 31 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.
- Rolls-Royce employs 50,000 people in 50 countries. More than 18,200 of these are engineers.
- The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2017 we recruited 313 graduates and 339 apprentices through our worldwide training programmes.
About Apollo Aviation Group
Apollo Aviation is a multi-strategy aviation investment manager that seeks to capitalize on its extensive technical knowledge, in-depth industry expertise and long-standing presence in the mid-life commercial aviation sector. Founded in 2002, Apollo Aviation’s total aviation assets under management are $5.1 billion1, representing 200 aircraft owned, managed or committed to purchase, and 14 aircraft engines. It has offices in the U.S., Ireland and Singapore.
1As of March 31, 2018, including invested capital, indebtedness, serviced assets and available capital.