February 29, 2024
Aviation Continues to Grapple with Engine Challenges: Chance Fowler on ELTF Panel
MIAMI – February 2024 – Chance Fowler, Aquila Air Capital’s VP of Portfolio Management, joined the panelists of Aviation Week Network’s Engine Leasing, Trading & Finance Americas (ELTF) conference in Miami to discuss the challenges facing OEMs as they struggle to produce enough engines to meet demand, while market participants are grappling with increased prices for new engines and rising maintenance costs for the older engines that must stay in service.
Excerpt from Aviation Week article:
[…] Fowler said a major challenge his private equity firm faces today is the uncertainty around shop visit turnaround times. “If something is going to take longer [and the length of time is known] and it costs more, that’s fine, we can underwrite that, but if you have a shop visit that’s supposed to take six months that ends up taking over year a year, it’s hard for us to explain to our shareholders” why such an investment should be made.
Fowler said that the arrival of a new market entrant in the aircraft engine sector “would be a welcome development.”
“Competition is good,” he added. […]
Read the full story on Aviation Week
About Aquila Air Capital
Founded in 2021, Aquila Air Capital (“Aquila”) is a specialty finance platform focused on providing aviation asset financing, as well as purchasing and leasing aircraft and engines. Led by a management team with decades of experience in the aerospace and aviation industries, Aquila is a trusted partner to all players in the value chain, from buyers and sellers of assets to operators in need of creative and timely solutions for their critical business needs. www.AquilaAirCapital.com