News Summary

Aircraft Engine Lease Finance, Inc (AELF) has entered into a strategic partnership with Turbo Resources International, a company based in Chandler, Arizona, for the consignment of AELF’s surplus aircraft and engine parts. This partnership aims to enhance AELF’s efficiency in managing its surplus materials by leveraging Turbo Resources’ expertise in the aeronautical parts industry. AELF, a Chicago-based commercial aircraft lessor, has been in operation for a decade and is focused on expanding its portfolio, especially in the 737NG market. Turbo Resources, since 1984, has been providing high-quality aeronautical parts to various stakeholders in the aviation industry. The partnership marks a significant step for both companies in maximizing the returns on surplus stock through Turbo’s Entrustment program.