BeauTech Power Systems and JALUX Form Joint Venture for Engine Leasing
Dallas, Texas – 12th March 2025 – BeauTech Power Systems LLC and JALUX Inc. today announced the formation of BVJ Engine Holdings LLC, a 50/50 joint venture based in Dallas, Texas, to acquire and lease IAE V2500-A5 and Pratt & Whitney GTF PW1100G engines. These engines power the Airbus A320 and A320neo families.
The joint venture combines BeauTech Power Systems’ established engine leasing expertise, including its global customer network and asset management, with JALUX Inc.’s strengths in V2500 and PW1100G MRO data and its strong presence in Asia, particularly Japan. With this partnership, BVJ Engine Holdings LLC completes a portfolio that covers all Regional and Narrow-body jet engine variants, further strengthening its ability to serve a diverse range of customers.
BVJ Engine Holdings LLC will acquire up to $150 million in engine assets in its initial phase, providing airlines and MROs with flexible and cost-effective leasing solutions. This strategic partnership addresses the increasing demand for both short- and long-term engine leasing, enabling airlines to optimize fleet operations and minimize downtime.
With a commitment to customer satisfaction, BVJ Engine Holdings LLC will offer adaptable leasing terms and reliable support. By leveraging JALUX Inc.’s market intelligence and BeauTech Power Systems’ industry relationships, the company aims to deliver customized solutions that help airlines and MROs navigate an evolving market.
“Reliable engine availability is critical to airline operations, and we are here to ensure our customers have the right solutions when they need them,” said Lee Beaumont, President and CEO of BeauTech Power Systems LLC. “Through this joint venture, we’re not just leasing engines—we’re providing airlines with the flexibility and support they need to keep their fleets running efficiently.”
Hiroshi Naito, Managing Executive Officer (MEO) and President of the Aviation & Airport Unit at JALUX Inc., added: “At JALUX Inc., we are always looking for opportunities to expand our role in the aviation industry. Partnering with BeauTech Power Systems allows us to broaden our global presence and strengthen our position as a trusted aviation solutions provider.”
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. With a strong commitment to innovation and excellence, BeauTech helps clients optimize performance and maximize asset value. Headquartered in Dallas, Texas, with offices in key aviation hubs, BeauTech operates and manages a diverse portfolio of high-demand commercial engines, including GE CF34, CFM56, and LEAP models. Its deep expertise in these engine platforms enables BeauTech to offer flexible, customized solutions that adapt to the evolving needs of the aviation industry
About JALUX Inc.
JALUX Inc. is a leading Japanese company specializing in various businesses, including aviation, retail, and travel services. Established in 1958 as a subsidiary of Japan Airlines (JAL), JALUX plays a pivotal role in the aviation industry by offering various services that enhance the passenger experience, as well as expanding its presence in logistics, trading, and other related sectors. The MRO (Maintenance, Repair, and Overhaul) parts business has been performing well in recent years.
We’re excited to welcome back Aniket Yamle to the BeauTech team as our new Data Engineer!
Aniket returns to us after his internship, where he made significant contributions to improving our Dynamics 365 Business Central platform, developing Python scripts, and building efficient data pipelines. With two years of experience at Accenture as an Application Developer, specializing in L2/L3 support and application maintenance, Aniket brings valuable expertise in data management and machine learning to his new role.
We’re excited to have him back on board and look forward to the great work he’ll continue to do at BeauTech!
Please join us in welcoming Aniket to the team once again!
We are pleased to welcome Ismel Camacho to BeauTech as our new Manager of Logistics and Supply Chain. With over two decades of experience in global logistics and supply chain management, Ismel brings an impressive track record of operational excellence and strategic leadership.
Based at our headquarters in Dallas, Ismel joins us from Loloi Rugs, where he managed complex logistics processes and contributed to business growth with innovative solutions. His career includes significant roles at GEODIS, where he not only oversaw air freight operations and developed partnerships with key industry players but also managed global air freight operations (imports and exports) and led aerospace logistics for clients such as Virgin Atlantic, Singapore Airlines, Boeing, Aviall, Lockheed Martin, Bell Helicopters, and StandardAero. Additionally, at Signature Systems Group, he optimized international transportation logistics and compliance.
Ismel’s expertise in supply chain visibility, import/export operations, and vendor management will be instrumental as BeauTech continues to grow. His dedication to fostering high-performance teams and streamlining processes aligns perfectly with our vision of delivering world-class solutions.
We are excited to have Ismel on board and look forward to the impact he will make. Welcome to the BeauTech team, Ismel!
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”.
Randy McComb has joined BeauTech Power Systems in the role of Director Technical Records (Acquisitions), bringing 23 years of aviation experience to support the BPS Technical Operations team. In his new role Randy will manage pre-purchase reviews for engines and aircraft. Prior to joining BPS, Randy held several positions within Willis Lease Finance Corporation, most recently serving in the role of Technical Director of Records and Quality. Earlier in his career Randy worked as a Maintenance Planning Auditor, AD Analyst and Records Lead for American Eagle Airlines.
Welcome to the Team Randy!
Kevin Cusack has joined BeauTech Power Systems as Vice President Sales servicing the Canadian and Northern US markets. Kevin is responsible for furthering our growth in the region with a particular focus on our CFM56 product line. Kevin comes to BeauTech with a Master’s Degree in Engineering and over 25 years of aviation industry experience, most recently from Standard Aero. Kevin held roles of increasing responsibility at Standard culminating as the Vice President, Strategic Partnerships and Product Development within the commercial aviation division. Kevin will continue to be based in Winnipeg, Manitoba.
Welcome to the Team Kevin!
Julian Brauner has joined BeauTech Power Systems in the role of Director Asset Management, Europe, expanding BeauTech’s Technical Operations team in our Frankfurt, Germany office. With nearly a decade of experience in the aviation industry, Julian started his aviation career as a graduate trainee at Lufthansa Technik. After completing the trainee program, he worked as Project Manager for aircraft transitions and served in the position of Sales Manager at Lufthansa Technik prior to joining BeauTech. Julian graduated from Berlin Institute of Technology and holds a Master’s Degree in Aerospace Engineering.
Welcome to the Team Julian!