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.
Chris Arras joined BPS late last year as a VP Sales & Leasing. Prior to joining BeauTech, Chris was with NTE Aviation from 2004 through 2012 where he held various positions of responsibility in both the Regional and Commercial Markets. Most recently serving as the Vice President of Commercial Programs, he was primarily responsible for acquiring assets from the airline and leasing communities. From 1994 through 2004 Chris was with Delavan (Goodrich) working with Regional Airlines, MRO’s and engine OEM’s on customer support programs for Delavan’s engine component product line. Early in his career Chris was a Sales Engineer for Howmet Corporation where he worked with Regional Airlines and MRO’s.
Chris has a BS in Aeronautical Engineering from Embry-Riddle Aeronautical University.
BeauTech Power Systems has recently concluded the purchase of our sixth Embraer E190 aircraft. This most recent aircraft was an ex-Air Canada machine. As with previous E190 purchases, the airframe will be sold off in its entirety while the engines will bolster our pool of lease assets.
Brian Ceelen has joined BeauTech Power Systems as it’s Senior VP of Sales.
With more than 35 years in the industry, Brian is a true aviation sales professional who been building strong relationships and a reputation for integrity and honesty for many years.
Most of his time in the business has been spent in the Commercial Aircraft Group at Bombardier in various sales roles of increasing responsibility. Most recently Brian was the Senior Director of Pre-Owned Commercial Aircraft Sales serving a global market. During his career, Brian has also held senior management roles with airlines and aircraft parts distribution organizations , giving him a well rounded field of experience.
He now brings his strong sales, technical and leadership skills to BeauTech Power Systems where he will continue to meet the needs of his airline, lessor and broker customers in the acquisition, sales and leasing of both regional aircraft and their engines.
Welcome to the team, Brian!!
BeauTech Power Systems purchased three new CF34-8C5’s from GE during the fourth quarter of last year. The engines were used to bolster our growing engine lease pool. All three engines were delivered from our friends in Cincinnati just in time for Christmas and immediately placed on lease.
Brad Forsyth has joined BeauTech Power Systems, LLC (BeauTech) in the role of Chief Financial Officer, bringing more than 23 years in the aircraft engine leasing and engine maintenance, repair and overhaul (MRO) industries. In this role, Mr. Forsyth will manage the finance, treasury, accounting and reporting functions of the Company.
Lee Beaumont, President and CEO of BeauTech, stated “I am delighted to have Brad on board as an integral part of our dynamic team. Brad and I have worked together for many years in both the aviation leasing and MRO industries, and I can attest first hand to Brad’s depth of knowledge and experience in the leasing, financing and maintenance of aircraft engines. His addition to the BeauTech executive team will support the continued expansion of our business as we execute the Company’s strategic growth plans in the coming years.”
Prior to joining BeauTech, Mr. Forsyth held the position of Senior Vice President and Chief Financial Officer of Willis Lease Finance Corporation from 2007 to 2015, where he was responsible for the public company’s capital markets, finance, treasury, accounting, risk management and systems functions.
From 1994 to 2006, Mr. Forsyth served in various management roles at StandardAero, most recently serving as its Vice President of Finance, providing financial management support to nine MRO business units with $800 million in annual sales. Formerly, he was with Price Waterhouse (now PricewaterhouseCoopers) practicing in their audit and tax departments.
He is a Chartered Accountant and graduated from the University of Manitoba with a Bachelor of Commerce (Honors) degree.
Carl C. Kelley will serve as Director of Technical Operations for BeauTech Power Systems, LLC. In this new role, Mr. Kelley will manage the Technical Records, Aircraft Inspections and the company’s Parts Business.
Prior to joining BPS, Mr. Kelley held the position of Senior Aircraft & Engine Records Analyst at Aeroturbine, Inc, in Goodyear, Arizona. He managed the Lease Return, Sale and Pre-Purchase reviews for used Aircraft and Engine Assets, to include; A320, A340, B737, B757, B767, B777, MD-11 Aircraft and CF6-80, CFM56, PW4000 & V2500 Series Engines. Mr. Kelley was also the on-site customer liaison for potential aircraft and engine sales.
Previous to Aeroturbine, Mr. Kelley was the Project Manager of Regional Engines for Willis Lease Finance Corporation where he managed the Pre-buy, Sale and Lease Return of PW100, PW150A, CF34 and AE3007 engines (Total of 40 engines). He also held the position of Lease Return Coordinator, managing the return and Export Process of PW100, PW2000, PW4000, V2500, CFM56, CF6, CF34, JT8D & RB211 series engines coming off lease from airlines, operators and repair stations.
Mr. Kelley attended the University of New Mexico in Albuquerque, where he studied Business Administration with a focus on Management.
Welcome to BPS, Carl!
In order to meet our expansion plans we have moved our Headquarters Office from Plano, TX to Dallas (Uptown), TX.
The new contact details are:
BeauTech Power Systems, LLC
1717 McKinney Avenue | Suite 700
Dallas, TX 75202
USA
Phone: +1 214 593 6423
Fax: +1 214 593 6410
BeauTech Power Systems, LLC (BPS) and Global Principal Finance Company, LLC have signed a purchase agreement for five (5) Bombardier CRJ200 aircraft. The aircraft are currently on lease to an US based airline and will be returned December 2014 / January 2015. BPS will use the aircraft for teardown and to support their global customer base with serviceable CF34-3B1 engines.
GE AVIATION NEWS RELEASE
BeauTech Power Systems Receives TRUEngine* Designation for CF34 Engines
EVENDALE, OH, July 2014 – GE has awarded BeauTech Power Systems its TRUEngine designation for 4ea CF34-8E and 2ea CF34-10E engines, leased to various world-wide airlines.
“We are committed to optimizing performance of our engines and maintaining maximum residual value for our assets, and the TRUEngine designation enables us to accomplish both goals at once,” said Lee Beaumont, President.
Launched in 2008 for the CFM56, the TRUEngine designation provides assurance to owners, operators, and engine buyers that engines qualified as TRUEngine have been maintained in the OEM configuration. The program has since been expanded to include CF6, GEnx and CF34 engines. Independent studies show that engines maintained with OEM parts and repairs maintain as much as 50% higher resale values compared to engines that include non-OEM parts or repairs. More than 8,600 engines operated by more than 120 operators have received the TRUEngine designation.
To qualify for TRUEngine status, the engine configuration, overhaul practices, spare parts and repairs used to service an engine must comply with GE-issued engine manuals and other maintenance recommendations. The qualification is obtained through the customer’s declaration of compliance and GE’s verification of customer submitted maintenance records since birth. The TRUEngine designation enhances marketability and provides other valuable benefits at no additional cost, such as extended new part warranty, complimentary access to engine lease pool and optimized product support. For more information, visit www.geaviation.com/services/truengine-program.
BeauTech Power Systems, LLC is a Texas limited liability company that is engaged in the ownership, leasing and sale of jet turbofan engines and parts. Principals in the Company have extensive experience in this field and enjoy long standing relationships with the key industry commercial airlines around the globe. For more information, visit the company website at www.beautech.aero or follow BPS on Twitter https://twitter.com/beautechaero.
GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet, turboshaft and turboprop engines, components and integrated systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings.
For more information, visit us at www.ge.com/aviation. Follow GE Aviation on Twitter at http://twitter.com/GEAviation and YouTube at http://www.youtube.com/user/GEAviation.
Contact: Perry Bradley / perry.bradley@ge.com / +1.513.243.3395 (o) +1.513.375.2597 (m)
*TRUEngine is a registered trademark of GE
*CFM International is a 50/50 joint venture between GE and Snecma of France. CFM 56 is a registered trademark of CFM.