OPTIONS FOR MATURE ENGINES: FLEET ENHANCEMENT PROGRAMS
Looking for an economical alternative to an overhaul for a mature or heavily used engine? Our experts explain why you might consider exchanging for new under the Fleet Enhancement Program.
AFFORDABLE ENGINE REPLACEMENT
Every engine reaches a point in its lifecycle when an overhaul may not be the most economical approach and operators look to other options. That’s where P&WC’s Fleet Enhancement Program (FEP) comes in. This solution gives operators the choice of trading in their old engine core for a brand-new one at a discount on the list price.
Marcel Trépanier, PT6 Sales Manager, says the program has been a hit with customers ever since it was introduced in the early 1990s. “It’s the best ‘plan B’ out there,” he remarks.
Owners of a normal time-expired core engine can trade it in for a new one of the same model at a reduced price. The program is available for all P&WC engine models still in production—even those for aircraft that are no longer being produced.
BENEFITS BEYOND DIRECT COST SAVINGS
Getting the latest configuration of an engine at less than the price of an overhaul is just the start. The FEP offers a number of other attractive benefits.
You’re replacing an engine that may have 15,000 or 20,000 hours on it with a zero-time new engine right off the production line. You get a full new engine warranty with it, which is not insignificant, backed by OEM support. And the resale value of the aircraft increases as a result.
Plus, unlike an overhaul, you won’t need to remove your old engine, install a rental engine, then remove the rental and reinstall the overhauled engine. You only have to worry about installing the new engine once, which simplifies scheduling, reduces freight costs and other fees associated with multiple removals and installations of rental engines and improves availability.
Marc Turcotte, General Manager of Leasing at P&WC emphasizes that the company is willing to discuss each exchange on a case-by-case basis. Depending on the situation, it may even be possible to trade in an engine that is damaged or has suffered an exceedance.
The FEP is not a one-size-fits-all program. We’re open to different possibilities. We customize the offer to what the customer needs and provide special terms when we can, including financing options and payment plans.
Thanks to P&WC’s Global Service Network, it is also able to work with the operator’s schedule and ensure the engine is delivered when it’s needed, anywhere in the world. If inventory is available, it’s possible to provide an engine almost immediately.
The FEP is offered through P&WC-owned maintenance facilities and Designated Overhaul Facilities. Talk to your service provider to learn more.
Along with the FEP, the P&WCSMART portfolio offers many options to help customers manage their costs and lower their maintenance expenses. Learn more about these solutions tailored to the needs of different operators in our interview with P&WC’s David Allaire-Maheux.