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elfc executes purchase agreement with CFM for the acquisition of 50 CFM LEAP spare engines
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.
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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elfc completes the acquisition of 100% of INAV LLC
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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Engine Lease Finance Corporation (“elfc”) Appoints Julian Jordan As Chief Commercial Officer (“CCO”)
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 (elfc) and Greater Bay Airlines close spare CFM56-7B lease
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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Engine Lease Finance Corporation (“elfc”) announce new Chief Financial Officer
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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Spare engine leasing sector has “room to grow” – A contribution by Tom Barrett to Orient Aviation http://www.orientaviation.com/articles/8145/spare-engine-leasing-sector-has-%E2%80%9Croom-to-grow%E2%80%9 Customer engagement is the best way to manage a crisis such as the COVID-19 pandemic, elfc CEO, Tom Barrett, told Orient Aviation last month, but added customers must honor their side of deals. “As an engine lessor…
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ELF CEO: Leased engine demand picks up, but Omicron knocks industry confidence – A contribution by Tom Barrett with Eduardo Mariz/Ishka Insights
ELF CEO: Leased engine demand picks up, but Omicron knocks industry confidence – A contribution by Tom Barrett with Eduardo Mariz/Ishka Insights https://www.ishkaglobal.com/News/Article/6594/ELF-CEO-Leased-engine-demand-picks-up-but-Omicron-knocks-industry-confidence Engine Lease Finance (ELF) has seen an improvement in engine demand in the past three or four months, but uncertainty sparked by the new Omicron variant is “taking a little bit of…
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Engine Lease Finance Corporation (“ELFC”) announce new Chief Operating Officer and Chief Technical Officer
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 Corporation (“ELF”) announce the purchase and lease back of twenty-five Pratt & Whitney GTF™ engines
Engine Lease Finance (“ELF”) announced today the purchase and lease back of twenty-five Pratt & Whitney GTF™ engines 15-Nov-2021 The agreement, completed in October 2021, includes engines for both the Airbus A220 and Airbus A320neo aircraft families. Included in the transaction is also an EngineWise® long-term maintenance agreement, in which the engines will enjoy the…
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