Group Engine Management and BeauTech Power Systems establish framework for engine leases

We are pleased to announce the successful signing of a General Terms Agreement between Group Engine Management GmbH (GEM) and BeauTech Power Systems, LLC establishing a framework for future engine lease transactions in support of the Lufthansa Group airlines. The 10-year framework agreement is expected to support future leasing opportunities across a variety of commercial aircraft engine platforms, including CF34, CFM56, GTF and LEAP engines.

Building on an already established relationship, this agreement marks an important milestone in our ongoing collaboration with a dynamic partner and rapidly growing lessor, combining a young and agile team with strong growth potential. It further reinforces our joint commitment and mutual flexibility in supporting engine availability and fleet continuity across the Group. We look forward to continuing this close cooperation and unlocking new opportunities together.

“This agreement reflects our shared ambition to build a strong and long-term partnership. By working closely with BeauTech, we are strengthening our ability to support the Lufthansa Group airlines with flexible and reliable engine solutions, tailored to evolving operational needs.” — Michael Kaye, Managing Director, GEM

“This agreement represents an important milestone in the relationship between BeauTech and GEM. The Lufthansa Group has been a valued partner since BeauTech’s early days and has played an important role in the development of our business. We are proud to support GEM with flexible and reliable engine leasing solutions, and this agreement underscores the trust that has been built between our organizations over many years of successful cooperation.” — Tobias Konrad, Chief Operating Officer, BeauTech