August 30, 2018
Nordic Aviation Capital (NAC) has entered into an agreement with BeauTech Power Systems, LLC (BeauTech) for the purchase of 25 Embraer E190 aircraft which BeauTech has arranged to purchase from Air Canada. The 25 aircraft have short lease back periods with Air Canada over the forthcoming 18 months. This transaction, which is expected to close by the end of August 2018, serves to further establish NAC’s position as one of the largest lessors in the regional jet and turboprop sector. With the downstream acquisition of certain of the aircraft following their lease return, this deal also strengthens BeauTech’s position as a premier regional jet engine lessor, with one of the largest portfolios of CF34 lease engines in the global market.
“We are investing heavily in growing the business through strategic acquisitions such as this one with Air Canada. NAC’s investment in this attractive portfolio of assets underlines our confidence in the long-term growth prospects of the regional jet market. This market is a burgeoning one, and we are delighted to have partnered with BeauTech in this joint venture” said Martin Moller, Chairman, NAC.
“BeauTech is pleased to partner with NAC on this acquisition. By applying the synergies between our two companies we are able to optimize the disposition of these assets and provide continued support to both the aftermarket and the secondary in-service lease markets” said Lee Beaumont, CEO, BeauTech.
About BeauTech Power Systems
BeauTech Power Systems leases regional and narrowbody commercial aircraft engines to airlines, OEMs and Maintenance Repair and Overhaul (MRO) service providers worldwide. Based in Dallas, Texas, BeauTech specializes in CF34 and CFM56 engines and its lease portfolio includes all CF34 engine model variants operated on the CRJ and E-Jet platforms. BeauTech was founded in 2011 with the focus to support airline customers with the best engine lease practices in the industry. As part of its focus in this market, BeauTech is also active in the trading of regional and narrowbody aircraft and engines.
About Nordic Aviation Capital
NAC is the industry’s leading regional aircraft lessor serving over 70 airline customers in 48 countries. The company provides aircraft to well-established carriers such as British Airways, Air Canada, LOT, Azul, Lufthansa, Garuda, Flybe, Aeroméxico and airBaltic as well as major regional carriers including Air Nostrum and Widerøe. NAC’s current fleet of almost 500 aircraft includes E170, E175, E190, E195, ATR 42, ATR 72, Bombardier Dash 8, CRJ900, CRJ1000 and CS300. In addition, the group has circa 50 aircraft on firm order. NAC is the largest owner and lessor of both ATR and Bombardier aircraft in the world.
For additional information, please visit us at www.beautech.aero
Phone: +1 214 764 8364
BeauTech Power Systems is expanding with a new office in Europe! Opening October 1st in Frankfurt, Germany, BPS will have a staff in Europe to directly support our growing customer base.
Located in the Westhafen Tower in the heart of Frankfurt, the new location will provide plenty of space to host meetings, entertain customers, and house our growing team!
Robert Graham has joined BeauTech Power Systems, LLC (BPS) as Director Technical. Robert started his career as a line mechanic in the US Air Force followed by over 28 years of aviation technical experience serving in various roles including MRO, project management, vendor audits and liaison with various international regulatory authorities including CAAC & EASA.
Prior to joining BPS Robert worked as an independent technical consultant supporting commercial airlines and prominent aircraft leasing companies. Prior to contracting, he was Director of Acquisitions at AeroTurbine where he was responsible for technical due diligence and asset transitions. Robert also served as a Manager for WLF responsible for quality assurance, acquisitions, lease return inspections, mid-lease audits and logistics. Robert holds a FAA Airframe & Powerlant license.
BeauTech Power Systems is moving up the street to a bit bigger space! We are still located in the Uptown district of Dallas, right in the center of everything.
Our new address will be effective October 1st, 2017.
BeauTech Power Systems
1920 McKinney Ave
Dallas, TX 75201
Stefanie Jung has joined BeauTech Power Systems, LLC (BPS) as Senior Director Aircraft Transactions, bringing 10 years of aviation experience to the team.
Prior to joining BPS, Ms. Jung held various positions as part of GA Telesis’ Asset Transaction Group where she was responsible for sales, acquisitions and management of a portfolio of owned and third party managed aircraft (including sourcing of opportunities, creation and management of sales campaigns, negotiation of asset related documentation and execution of transaction closings). Prior to GA Telesis, Ms. Jung was the Manager of Valuations at Morten Beyer & Agnew where she lead the tangible asset valuations team and focused on the valuation of aircraft and engines, as well as the analysis of transactional data.
She is a certified appraiser with the International Society of Transport Aircraft Trading (ISTAT) and is a graduate of James Madison University with a dual degree in International Business and Marketing.
Jon Rousay has joined BeauTech Power Systems, LLC (BPS) in the role of Vice President of Finance bringing 20 years of aviation experience. In this role, he will support the finance, treasury, accounting and the reporting functions of the Company. Prior to joining BPS, Mr. Rousay held various financial and non-financial roles supporting commercial and defense customers at StandardAero. Most recently, he served as the Sector Vice President of Finance for seven business units generating approximately $400 million in annual revenue. Jon is a graduate of Southern Methodist University and Saskatchewan Polytechnic where he studied Business Administration and Accounting. He is a US Certified Public Accountant and Canadian Chartered Professional Accountant.
Josh C. Lewis has joined BeauTech Power Systems, LLC (BPS) in the role of Director Quality, bringing 17 years of aviation experience to support the BPS Technical Operations team.
Prior to joining BPS, Mr. Lewis held several positions within Southwest Airlines’ Technical Operations Quality Assurance department, most recently serving in the role of Manager Regulatory Affairs. While at Southwest, he also held the positions of Airworthiness Directive Project Lead and Maintenance Programs Compliance Analyst.
BeauTech Power Systems has added two CFM56-7B engines to its growing pool of engine assets, bringing our total number to twenty-one. These first two CFM56-7B’s are both on long term lease with a US based operator. You will see more stories like this in the coming months as BPS continues to grow and diversify our portfolio.