Barry West has joined BeauTech Power Systems as the VP Finance FP&A, further expanding the Finance Dream team to help support the company’s growth. Barry comes to BeauTech with over 25 years of aviation industry experience spanning many different roles within StandardAero. Barry most recently held the role of Sector VP Finance for the Military, Helicopter and Energy sector at StandardAero, and previously held roles supporting the military business in San Antonio and then the VVIP Aircraft completion business in Dallas. Barry is a CPA,CMA in Manitoba and will continue to be based in Winnipeg, Manitoba.
Welcome to the Team Barry!
Francisco Zenóglio has joined BeauTech Power Systems as its Director Asset Management, Europe; further strengthening BeauTech’s Technical Operations team in our Frankfurt office. With over a decade of expertise in CFM engines, Francisco is a welcome addition as our CFM portfolio continues its rapid expansion. Beginning his career as a Powerplant Engineer at TAP Air Portugal Engine Shop, Lisbon, Francisco developed his CFM56 skills. Subsequently, he served as an Account Manager at SR Technics, Zurich prior to returning to his hometown. Once back in Lisbon, Francisco took on the role of CFM Field Service Engineer for the next 5 years, overseeing the successful entry into service of the CFM LEAP.
A graduate of the University of Lisboa with a Master’s Degree in Aerospace Engineering, Francisco is multilingual, fluent in English, French, and Portuguese.
Welcome to the Team Francisco!
FOR IMMEDIATE RELEASE
BEAUTECH POWER SYSTEMS ANNOUNCES STRATEGIC PARTNERSHIP WITH EDC AND WORTHINGTON AEROSPACE TO COMPLETE THE ACQUISITION OF 18 CRJ1000 AIRCRAFT
Dallas, Texas – BeauTech Power Systems, a leading aerospace engine leasing, trading, and financial solutions company, is proud to announce a collaboration with Export Development Canada (EDC) and Worthington Aviation to complete the acquisition of 18 state-of-the-art CRJ1000 aircraft. This partnership will result in a significant improvement in aftermarket support for the CRJ family of aircraft, positioning BeauTech and Worthington for substantial growth and global expansion while assisting EDC in extracting value from their portfolio.
The cooperation involved BeauTech working closely with EDC and Worthington, renowned players in international finance and regional aircraft support and services, respectively, to secure and deploy the 18 CRJ1000 aircraft. These next-generation aircraft, known for their exceptional performance, fuel efficiency, and passenger comfort, will empower BeauTech to extend its global reach and offer enhanced engine solutions to its customers.
“This partnership is quite significant for BeauTech,” said CEO Lee Beaumont. “The acquisition of these CRJ1000 aircraft will strengthen our CF34-8C5 service offerings and enable us to provide world-class aviation engine solutions to our customers. We are excited to join forces with EDC and Worthington, both of whom bring unique strengths to this endeavor.”
EDC, a globally recognized export credit agency, was the owner of the aircraft and played a pivotal role in providing resources for this ambitious venture. Their expertise in facilitating international trade and investments is invaluable to the success of this collaboration.
Worthington Aviation, a leader in regional aircraft support and service, purchased all 18 airframes from BeauTech and will dismantle a number of the aircraft to support their spare parts distribution business, providing much needed aftermarket support for a variety of CRJ regional aircraft products. The remainder of the aircraft will be made available for sale or onward leasing.
BeauTech Power Systems is a leading aerospace company committed to providing innovative aviation solutions. With a reputation for excellence in the industry, BeauTech is dedicated to shaping the future of engine support in the industry.
Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad. EDC has the financial products and knowledge Canadian companies need to confidently enter new markets, reduce financial risk, and grow their business as they go from local to global. Together, EDC and Canadian companies are building a more prosperous, stronger, and sustainable economy for all Canadians.
Worthington Aviation is a global leader in parts support and services for regional and business aircraft. Specialty product lines include rotables, engines, avionics, landing gear, and expendables. Worthington is a pioneer in regional aircraft support programs, specializing in the development of tailored parts program solutions for the aviation industry.
Tianjin, China – 07th September 2023
BeauTech Power Systems has signed a “Strategic Memorandum of Cooperation” with Tianjin Dongjiang Free Trade Port Zone (DFTP) on the expansion of its aero engine leasing business in China.
Mrs. Yang Liu, Director of the Administrative Commission of DFTP signed the agreement during a signing ceremony held at the 10th China Air Finance Development Summit in Tianjin on 7th September 2023.
The summit, which was held again for the first time since the COVID pandemic, is the largest annual gathering of China’s air finance industry and was attended by the Deputy Major of Tianjin Municipal People’s Government, Mr. Liu Guiping, as well as numerous local and international officials and industry leaders.
Mr. Florian Krauthoff, Vice President Sales Asia-Pacific and General Manager of BeauTech Engine Leasing (Tianjin) Co. Ltd. commented that BeauTech has been very successful on the Chinese engine leasing market since travel restrictions were lifted earlier in 2023. Five CFM56 engines have been placed on long-term leases with Chinese airlines this year, with customers ranging from major international carriers to mid-sized domestic operators. Mr. Krauthoff said: “We thank DFTP for their support and guidance in developing our engine leasing business in China, and we are confident to further expand our leasing and trading activities here in the future”.
Tristan Robinson has joined BeauTech Power Systems, LLC (BPS) as the Assistant Controller, bringing 6 years of Accounting Experience to the team. In this role, he will be supporting the finance, accounting, and reporting functions of the Company. Prior to joining BPS, Tristan was an Assistant controller at a company within the SaaS industry.
Tristan graduated from the University of North Texas with a Bachelor of Business Administration in Finance, and a Masters of Science in Entrepreneurship and Managerial Accounting. Currently, Tristan is a Certified Public Accountant registered in Texas.
Dr. Philip Hix-Coquet has joined BeauTech Power Systems as Vice President Legal Affairs. He is mainly responsible for all legal and contractual matters for the European office in Frankfurt as well as supporting our office in Singapore.
Philip has broad legal expertise in commercial law and brings more than 15 years of experience to the company. Immediately prior to joining BeauTech Philip served as general counsel of a German entertainment business.
He also gained many years of aviation experience working for Lufthansa Technik and started his career with the heavy transportation firm Terex Corp.
Welcome to the Team Philip!