CMIG Aviation Capital will adopt Rolls-Royce LessorCare across its existing and future fleet of Trent-powered aircraft

Christopher Prince, Rolls-Royce, Commercial Manager – Customers,
Civil Aerospace and Allen Li, Senior Vice President, CMIG

LONDON, 11-Sep-2018 — /EuropaWire/ — Rolls-Royce has announced CMIG Aviation Capital as a new customer for LessorCare, the pioneering new service tailored specifically to the needs of lessors.

CMIG Aviation Capital will adopt the service across their existing and future fleet of Trent-powered aircraft, drawing together a range of services under one simple, flexible and comprehensive framework.

Peter Gao, CEO CMIG Aviation Capital, said: “We are very pleased to be one of the early adopters in partnering with Rolls-Royce for the new LessorCare service and think this will be an excellent basis for future cooperation. CMIG Aviation Capital is committed to providing outstanding support to and for its customers and we believe that LessorCare is a forward-looking step in achieving that aim.”

Troy Wang, Rolls-Royce, Vice President – Civil Aerospace, said: “We continue to see a positive industry response to the launch of LessorCare, and we are delighted to welcome CMIG Aviation Capital as a new LessorCare customer. We continue to work closely with our Lessor partners in China on the selection of LessorCare, and this announcement is a great step on that journey.”

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.

In China, Rolls-Royce believes that LessorCare will provide an excellent platform to deliver the most effective and efficient services to the growing and ambitious aircraft leasing industry, and LessorCare forms a key element of the way in which Rolls-Royce will look to support this industry going forwards.

LessorCare services include:

• Customer support – Rolls-Royce’s network of technical support, publications, and training to optimise responsiveness and keep aircraft earning revenue.
• Transition services – a range of maintenance and availability services, to ensure aircraft move more quickly and 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 continues to work with customers to develop LessorCare further, working towards even closer integration of aftermarket services and aircraft lease agreements.

About Rolls-Royce Holdings plc

1. Rolls-Royce pioneers cutting-edge technologies that deliver the cleanest, safest and most competitive solutions to meet our planet’s vital power needs.
2. 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.
3. 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.
4. 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.
5. Rolls-Royce employs 50,000 people in 50 countries. More than 18,200 of these are engineers.
6. 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.

Media contact
Oliver Walker-Jones
Head of Communications

SOURCE: Rolls-Royce plc.