Engine leasing and asset management at MTU

Growing trend toward leasing

Emerging from a meeting at 10 a.m., Martin Friis-Petersen, Managing Director of MTU Main­tenance Lease Services B.V. (MLS), sits down at his desk in his Amsterdam office. He has just finalized the details of a leasing contract with a customer. His expertise is in higher demand than ever: “These days, more and more air­lines are leasing air­craft and engines, with demand especially for short-term leases continuing to grow,” Friis-Petersen notes. The ad­vantage with leasing: greater flexibility and lower costs of capital.

Joint ventures pool expertise

In 2013, MTU established two joint ventures with Sumitomo, a leading Japanese trading com­pany, to better meet the increasing demand on the part of air­lines for fi­nanc­ing models: MTU ­Main­tenance Lease Services (MLS), in which MTU holds an 80-per­cent stake, and Sumisho Aero Engine Lease with an MTU interest of ten per­cent. Both companies specialize in engine leasing and are head­quartered in Amsterdam. While MLS focuses on short- and medium-term leasing business, Sumisho Aero Engine Lease provides long-term solutions.