A new engine lessor appears to have emerged this past week with a commitment for six new CFM Leap spare engines.
Fort Lauderdale, Florida-based Patriot Dynamics has agreed to purchase three Leap-1A and three Leap-1B engines from CFM. David Rojas, Patriot Dynamics’ partner, described the deal as “an important step in our strategy to expand our spare engine portfolio while successfully scaling and diversifying our fund structure.”
Rojas’ LinkedIn profile lists him as president of Bluewave Aeronautical, an MRO consultancy. Patriot Dynamics describes itself as a commercial aviation asset trading and leasing firm specializing in aircraft auxiliary power units (APUs), landing gear and engines.
While its Leap order press release states that it is based in Miami, Patriot’s LinkedIn page lists its headquarters as San Juan, Puerto Rico, and says it was established in 2008. However, before October this year, the company does not appear to have issued or featured in any press releases or news reports.
Patriot’s Leap announcement was preceded by a release from MTU stating that Patriot had agreed to a long-term MRO contract covering Leap engines, which will be serviced from MTU’s facility in Fort Worth, Texas. MTU said Patriot is also exploring further leasing and asset-management arrangements for Leap engines through MTU Maintenance Lease Services.
“Partnering with MTU is an important step as we build our Leap engine platform,” said Michael Sheldon, a principal at Patriot Dynamics. “Their technical expertise and comprehensive support capabilities will help us deliver reliable engine solutions for our customers while protecting the long-term value of our assets.”
Sheldon’s profile lists him as owner of Miami-based Global Aeroleasing, a small component provider that does not appear to still be in business.
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