Engine Lease Finance to acquire aircraft engine leasing assets from Macquarie

Engine Lease Finance (ELFC) has entered into an agreement with Macquarie Bank Limited to acquiere 47 aircraft engine assets. Upon completion of the transaction, ELFC’s owned and managed portfolio will include close to 300 modern aircraft engines. The transaction will also extend ELFC’s existing customer base to more than 80 airlines and MRO companies. Subject to the necessary consents, ELFC will also assume the servicing of a portfolio of an additional seven engines, owned by a third party which will further enhance ELFC’s substantial portfolio of managed assets.