Keep aircraft flying but minimize stocks of spare parts—that is the rule for competitive flying now. Enter the short-term engine operating lease. As a single deal, part of a dedicated pool or drawn from reserves held by OEMs or engine shops that combine leases with other services, engine leases economize on needed spares in two ways: Unplanned engine removals are random events and should peak at a smaller percentage of a large number of engines than for a small fleet. Planned ...

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