BBAM Enhances Aircraft Inventory with New Engine Acquisition
BBAM Limited Partnership, a prominent leader in aircraft leasing, has recently made a significant leap in its operational capabilities by acquiring six new Pratt & Whitney GTF engines. This exciting development forms part of a fresh agreement with the esteemed engine manufacturer. The engines are set to be delivered to Incline Aviation III, which is BBAM's flagship aviation investment fund aimed at fostering innovations in the aviation industry.
The aviation sector benefits greatly from BBAM’s dedicated engine program. This program not only showcases BBAM's high-level origination and leasing capabilities but also emphasizes its profound technical expertise in engine asset management. The team behind this initiative boasts over three decades of experience paired with the robust infrastructure of BBAM's comprehensive global platform, allowing the management of various engine types and vintages. Presently, BBAM oversees an impressive portfolio of more than 45 engines, translating to approximately $550 million under its management.
Leadership Commentary on the Acquisition
Steve Zissis, who serves as the President and Chief Executive Officer of BBAM, shared his excitement regarding this deal. He remarked, "This transaction marks an exciting milestone for BBAM as we complete our first direct deal with Pratt & Whitney, known worldwide for its cutting-edge aircraft engine technology. The decision to acquire six new GTF engines directly from the manufacturer is a strategic move, driven largely by the strong demand we are witnessing from our airline clients. We are eager to cultivate a long-lasting and fruitful relationship with the Pratt & Whitney team in the years to come."
Furthermore, Nick Tomassetti, the Vice President of Sales & Marketing at Pratt & Whitney, expressed shared enthusiasm over this new partnership. He stated that, "The arrangement to provide six GTF engines signals the beginning of a collaborative relationship between Pratt & Whitney and BBAM, a major player in the global aircraft leasing market. The GTF engines are recognized for their efficiency in single-aisle aircraft, contributing to economic benefits and operational efficiencies for BBAM's airline clients around the globe."
About BBAM: A Leader in Aircraft Leasing
BBAM stands out in the aircraft leasing industry as one of the largest and most established companies in its field. With an extensive network of over 100 airline customers spanning more than 50 countries, BBAM offers comprehensive fleet and financing solutions. Unique in its focus, BBAM concentrates solely on delivering investment returns from third-party capital, differentiating itself in the market.
The company has a vast portfolio with over 500 aircraft currently under management and seeks to expand its offerings continually. The dedicated workforce of more than 150 professionals operates out of strategically located offices in several major cities, including Dallas, San Francisco, Tokyo, and Zurich. BBAM prides itself on being a full-service lessor, equipped with a range of in-house capabilities that encompass all aspects of aircraft management—from origination and disposition to technical maintenance and compliance with regulatory standards.
BBAM Contact Information
For those interested in understanding more about BBAM’s services or its latest projects, the company is readily accessible. The designated contact for inquiries is Sabah Sulaiman, who holds the role of Vice President of Corporate Operations. Interested parties can reach out via phone or through the provided email, ensuring clear lines of communication are maintained for any potential collaboration and support needed.
Frequently Asked Questions
What is the significance of BBAM's acquisition of new engines?
This acquisition enhances BBAM's fleet and aligns with its growth strategy, meeting increasing demands from airline customers.
Who is BBAM and what do they specialize in?
BBAM is a leading aircraft leasing company focused on providing innovative fleet and financing solutions to airlines worldwide.
What are GTF engines and why are they important?
GTF engines, developed by Pratt & Whitney, are known for their efficiency in single-aisle aircraft, providing economic and operational advantages.
How many aircraft does BBAM manage?
BBAM manages more than 500 aircraft, highlighting its substantial presence in the aviation sector.
Who can I contact for more information about BBAM?
For more details or inquiries about BBAM’s services, Sabah Sulaiman can be contacted as the Vice President of Corporate Operations.
