Shannon, Ireland, 7th August 2025 – Engine Lease Finance Corporation (elfc), one of the world’s leading independent spare engine leasing companies, is pleased to announce that it has placed an order with CFM International for the acquisition of 50 CFM LEAP engines. This transaction, involving a mixture of LEAP-1A and LEAP-1B spare engines, marks a…

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elfc Announces CEO Retirement and Senior Leadership Transitions. Engine Lease Finance Corporation (elfc), today announces the retirement of its President & CEO Tom Barrett. Tom joined elfc shortly after its inception in 1990 and since then has been centrally involved in every transaction that the company has conducted, with more recent highlights being the 2011…

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Shannon, Ireland based engine lessor, elfc, has completed the purchase of the remaining shares of INAV LLC., the Chicago based engine parts and components company. “We are delighted to complete the final stage of this key acquisition” said Tom Barrett, President & CEO of elfc.  “Since our initial investment in 2017, we have worked closely…

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As part of elfc’s ongoing global expansion, the company announced today that Julian Jordan has been appointed to the new role of CCO. Jordan will be responsible for developing and executing elfc group’s global sales and leasing strategy across all commercial divisions including new business growth, engine portfolio management and INAV engine material supply. In…

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Engine Lease Finance Corporation and Greater Bay Airlines announce the completion of their first spare engine lease transaction together. The CFM56-7B26 engine will support the operation of the Greater Bay Airlines B737-800 fleet. “Working with trusted service providers who are flexible is a core requirement.  Being a start-up, there are always changes to the requirements,…

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ELFC Promotion – CFO Engine Lease Finance Corporation (elfc), one of the world’s leading independent spare engine leasing companies, is pleased to announce the appointment of Avril Comerford to the position of Executive Vice President and Chief Financial Officer with overall responsibility for the Finance function, replacing Declan Sheedy who is departing the company after…

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ELFC Promotions – COO and CTO Engine Lease Finance Corporation (ELFC), one of the world’s leading independent spare engine leasing companies, is pleased to announce the appointment of Richard Hough to the position of Chief Operating Officer. Richard joined the company in 1997 and he has held several positions of increasing responsibility within the technical…

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Engine Lease Finance and Icelandair close spare LEAP-1B SLB 09-Apr-2021 Engine Lease Finance and Icelandair are pleased to announce the completion of their first LEAP-1B spare engine Sale and Leaseback transaction together. Following this new delivery from CFM, Shane O’Callaghan (Commercial, Marketing & Sales – EMEA & Canada) commented: “We at ELF are delighted to…

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Engine Lease Finance and Bamboo Airways close spare LEAP SLB 24/12/20        Engine Lease Finance Corporation and Bamboo Airways announce completion of their first LEAP-1A spare engine Sale and Leaseback transaction together. Following this new delivery from CFM,  Olaf Knuth (ELF VP Sales & Marketing) commented “we are delighted to close this transaction…

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Shannon, Ireland, January 2019 As announced in September 2018, Tom Barrett is now ELF’s President and CEO effective 1st January 2019. In addition to this appointment, ELF’s Chief Commercial Officer, Joe O’Brien, will become Deputy CEO in addition to his current role as CCO; O’Brien has had 22 years involvement with ELF. After 28 years of…

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