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Avation inks first engine lease with Aeromar Airlines
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Avation inks first engine lease with Aeromar Airlines

Avation has leased one Pratt & Whitney Canada PW127M engine to Mexican regional operator Aeromar Airlines.

The Singapore-based lessor announced its entry into engine leasing last month, having added the powerplant to its inventory.

This will support Aeromar’s fleet of 10 ATR aircraft serving 25 routes from Mexico City, it says in a stock exchange disclosure.

Executive chairman Jeff Chatfield adds: “Engine leasing is a new business initiative which we are exploring. We and also our airline clients occasionally lease engines when needed, we see this is a valued-added business line which certain airline clients may find useful.”

PW127M engines power ATR 42-500, 72-500 and 72-600 turboprops. Cirium schedules data shows Avation leases 22 ATR 72-600s and six 72-500s to 10 clients, though Aeromar is not one of them…

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