ELFC signs MOU for new CFM Portable Maintenance program

Engine Lease Finance Corporate has become the first spare engine lessor customer for CFM International’s new product offering for leasing companies called Portable Maintenance for Lessors (PML). The two companies signed a Memorandum of Understanding (MOU) with plans to sign a definitive agreement by year-end. “Our leasing company customers have been asking us for a product like this for a long time,” said Jean-Paul Ebanga, president and CEO of CFM International at the signing ceremony. “There were a lot of challenges to developing this kind of program offering, but we are very pleased with where we have ended up and we anticipate more and more lessors to take advantage of the flexibility the PML provides.”