Engine Lease Finance Corporation

elfc is an engine financing and leasing company. It is headquartered in Shannon, Ireland, with offices in Boston, London and Singapore. The company was established in 1989 and says it has more than 35 years of experience in leasing engines.

elfc is a group company of Mitsubishi HC Capital Inc., a global leasing company based in Japan and listed on the Tokyo Stock Exchange. The parent also runs Jackson Square Aviation, CAI International, PNW Railcars and Mitsubishi HC Capital America. The company says this gives it the financing power and stability to offer low cost, flexible financing to the aviation industry.

The company owns about 400 aircraft engines, which it says are worth over $4 billion. Its engines come from CFM International, Pratt & Whitney, International Aero Engines, GE Aviation and Rolls Royce. The company says it focuses its investments on the most technologically advanced and fuel efficient engines.

elfc offers short, medium and long term engine support packages for airlines. Its leasing solutions give full use of an engine over a fixed or flexible term, without the burden of ownership. Its financing and leasing products are designed for each customer. AOG support provides rapid response engine solutions for time critical requirements.

Other options include engine exchanges, where customers trade in unserviceable or restricted equipment for more optimal engine solutions. Shop visit engine cover offers flexible engine support during maintenance events. Operating lease options include sale and leaseback and purchase leaseback terms.

The company says it has served more than 200 customers since it was founded. More than 80 airlines, operators, OEM and MRO organizations are current customers worldwide. Named customers include Air Canada, Air France, Air New Zealand, Azul, Ethiopian Airlines, SAS and Volaris.

elfc has about 90 employees across seven countries, with 12 nationalities. The company describes its ESG approach as community minded and ethically governed. Its global sales and marketing team covers the United States, Brazil, Ireland, Spain, Singapore, China and the United Kingdom.

Services

• Engine leasing
• Engine financing
• AOG support
• Engine exchanges
• Shop visit engine cover
• Sale and leaseback
• Purchase leaseback
• Engine and portfolio management