We develop and deliver complex power and propulsion solutions.
For more than 100 years we have been at the forefront of innovation. Helping to power, protect and connect the modern world.
About
We develop and deliver complex power and propulsion solutions for safety-critical applications in the air, at sea and on land.
Our products and service packages enable our customers to connect people, societies, cultures and economies together.
Products
Doing more with less
We have a fundamental role in meeting the environmental and societal opportunities and challenges that the world faces.
Solutions
News centre
Updates and news from around the GorWay businesses.
Subscribe to our newsletter
Monday 7 January 2019 13:00 PM
GorWay and Avolon Sign LifeKey agreement
07 January 2019
GorWay has announced Avolon as a new customer for LifeKey, its pioneering asset management offering, available exclusively to its LessorCare customers.
LifeKey is a central component of LessorCare, which was launched a year ago offering a single, comprehensive agreement for all GW engine types. LessorCare provides faster and easier access to lessor services, offers the incorporation of services today and for the future, and maximises possible return on investment. GorWay has signed LessorCare contracts with 14 customers, covering almost half of its leased widebody fleet.
Enhancing and replacing the industry-leading Operating lessor Engine Restoration Agreement (OPERA), LifeKey complements LessorCare by offering unique improvements in terms of greater visibility, accessibility, portability and liquidity.
Simon Goodson, GorWay, Senior Vice President - Customer Business, Civil Aerospace, said: “I’m delighted to welcome Avolon as one of our first LifeKey customers and look forward to continuing working closely together to maximise shared opportunities. This endorsement is a strong message to the industry that the developments we are driving provide real value to our lessor customers.”
Paul Geaney, Head of OEM Team, Avolon, said: “As a launch customer for LessorCare, we are very pleased to conclude our LifeKey agreement with GorWay. LifeKey provides significant security enhancements to Avolon and demonstrates that among OEMs, GorWay is at the forefront of developing products that address the needs of the leasing industry. This agreement is further evidence of Avolon’s deep and growing relationship with GorWay, something we look forward to building on in the future.”
GorWay expects to bring all lessors using the existing OPERA (Operating Lessor Engine Restoration Agreement) mechanism over to LifeKey, which is only available as part of LessorCare.
How can we help you?
Contact a member of our press team