South Korea's Hanwha has launched Hanwha Aviation, an engine leasing platform with a long-term vertically integrated strategy for newer engine assets with operations in Singapore, Ireland, and the US.
""Hanwha Aviation will provide customers and industry partners with a compelling transaction platform for trading, leasing, and asset management of aero-engines and aircraft,"" said Jeff Lewis, CEO of Hanwha Aviation based in Singapore. ""Leveraging our vertically integrated approach, we will maintain a full range of engine leasing solutions tailored to our customers' requirements designed to reduce the financial impact on their operation.""
With the backing of Hanwha, a global top company, this new platform has the financial power to execute both single-asset and large fleet transactions, while minimising the execution risk to its leasing customers and trading partners.
In the short term, Hanwha Aviation will be focused on acquiring portfolios of narrowbody engines and aircraft, with a target of 1,000+ assets within the next 10 years to become the premiere aero-engine leasing platform for the aviation industry.
Hanwha launches engine leasing platform
