Aero Engines to lease portfolio of CF34 engines

Aero Engines LLC has announced it has entered into an agreement to lease its current portfolio of 14 CF34 engines for a 10-year term, the company said.

The engines are being paired up with CRJ700 airframes owned by Regional One and will be leased for 10 years to a US operator. These assets are expected to enter lease in phases between now and June 2020, with the first commencing this month.

Aero Engines LLC is a joint venture between SkyWest, Inc. and Regional One, Inc.

SkyWest, Inc. is the holding company for SkyWest Airlines and SkyWest Leasing, an aircraft leasing company. SkyWest Airlines has a fleet of nearly 500 aircraft connecting millions of passengers each month to over 250 destinations and provides commercial air service in cities throughout North America with nearly 2,500 daily flights.

Regional One, a division of companies within Exchange Income Corporation, that purchases, leases out, and sells aircraft, aircraft parts, engines and engine parts, offering worldwide support to regional and commuter aircraft operations.

Exchange Income Corporation is a diversified acquisition-oriented company, focused in two sectors: aerospace & aviation services and equipment, and manufacturing.