WEST CHESTER, Ohio — 19 April 2012 — Jackson Square Aviation has joined the growing list of leasing companies to recognize the value of CFM International’s TRUEngine program, qualifying 28 CFM56-5B and 46 CFM56-7B engines in its portfolio.
The TRUEngine designation serves as a method for identifying engines with CFM-approved content and facilitates product support of the engine system. Moreover, industry stakeholders can use the knowledge of engine content to evaluate engine value and re-marketability.
“Qualifying our CFM56 fleet in the TRUEngine program provides us with a clear, traceable pedigree for one of our most important assets and is a natural extension of our maintenance philosophy,” said Shannon Ackert, vice president, Commercial Operations. “We also think it’s great for our customers. We understand and appreciate the benefits we gain from working with a world-class manufacturer like CFM. By confirming engine content, TRUEngine streamlines the support process and ensures the applicability of CFM’s extensive fleet knowledge.”
Since CFM launched the program in 2008, CFM has continued to enhance the program to bring added customer value. One such enhancement includes the addition of cumulative lease days that qualify customers for complimentary annual spareengine support from the CFM lease pool in the event a TRUEngine qualified engine has an unscheduled removal.
TRUEngine has continued to achieve broad-based industry acceptance. Currently, more than 7,000 CFM56 engines in service with nearly 75 operators worldwide have been qualified for the TRUEngine program.
“We’re very pleased that Jackson SquareAviation has joined other leasing companies in recognizing the value that the TRUEngine designation can bring to their portfolios,” said Jean-Paul Ebanga, president and CEO of CFM International.
The TRUEngine program is available for all CFM56 engines. To qualify, a customer submits a declared list of compliant engine serial numbers, along with engine maintenance records, to CFM for evaluation to ensure the engine content, overhaul practices, and repairs are consistent with CFM requirements for that engine model.
San Francisco-based Jackson Square Aviation is a full-service aircraft leasing company with offices in U.S., Latin America, Europe, and Asia. The company’s current fleet (owned and committed) includes more than 70 aircraft valued in excess of $4 billion, originated via sale/leasebacks with many of the world’s leading airlines. JSA’s primary shareholder is Oaktree Capital Management, L.P., a Los Angeles based $80+ billion institutional money manager
Customers who purchase a qualified CFM56 engine are entitled to a 50 percent credit on replacement parts if any parts or repairs found in the engine are not original CFM parts or CFM-authorized...
CIT Aerospace has been awarded TRUEngine designation for its CF6 engine fleet, which powers its 13 Airbus CF6-80E-powered A330-200 aircraft.
ST Aerospace joins GE Aviation Services and Snecma in having this distinction.
The program is said to be the first of its kind in the industry.