BeauTech and Group Engine Management Sign 10-Year Engine Leasing Framework Agreement
Dallas, Texas, USA – 22 June 2026 – BeauTech Power Systems, LLC (“BeauTech”), a leading provider of aircraft engine leasing, asset management and trading solutions, today announced the signing of a 10-year engine leasing framework agreement with Group Engine Management GmbH (“GEMˮ), the Lufthansa Group’s dedicated engine management company. GEM is responsible for the allocation, maintenance coordination, and lifecycle oversight of aircraft engines across the Lufthansa Group’s airline portfolio. The agreement provides GEM with access to BeauTech’s engine leasing capabilities as part of its strategy to secure reliable access to engine assets that support operational flexibility and fleet requirements. The framework is expected to support future leasing opportunities across a variety of commercial aircraft engine platforms, including CF34, CFM56, GTF and LEAP engines.
The framework agreement establishes a strategic basis for future engine lease transactions between the parties and reflects their shared commitment to supporting airline operations in an increasingly dynamic aviation environment.
“This agreement represents an important milestone in the relationship between BeauTech and GEM,” said Tobias Konrad, Chief Operating Officer of BeauTech. “The Lufthansa Group has been a valued partner since BeauTech’s early days and has played an important role in the development of our business. We are proud to support GEM with flexible and reliable engine leasing solutions, and this agreement underscores the trust that has been built between our organizations over many years of successful cooperation.”
Michael Kaye, Managing Director of Group Engine Management GmbH, added: “Access to reliable engine capacity is an important component of supporting the operational requirements of the Lufthansa Group airlines. This agreement
strengthens our ability to respond to changing fleet and maintenance needs while working with a trusted and experienced leasing partner.”
The agreement follows several months of collaboration between the parties and marks the next chapter in the ongoing relationship between BeauTech and GEM.
About BeauTech Power Systems, LLC
BeauTech Power Systems, LLC is a leading aviation solutions provider specializing in engine leasing, asset management and aircraft and engine trading. Since its founding in 2011, BeauTech has built a global presence, partnering with airlines, leasing companies and MRO (Maintenance, Repair, and Overhaul) providers to deliver tailored and efficient engine support solutions.
Headquartered in Dallas, Texas, with offices in key aviation hubs, BeauTech operates and manages a diverse portfolio of high demand commercial engines, including CFMI LEAP and CFM56, GE CF34 and Pratt & Whitney GTF engine families. Its deep platform expertise enables BeauTech to offer flexible, customized solutions that adapt to the evolving needs of the aviation industry.