Airframe, engine and engine part values have dropped substantially. However, the engine programs have actually increased in price.
A decade ago, the average Falcon 900B was worth $20 million. Today it is worth between $3 million and $5 million; yet there are no lower-priced options for engine programs. Until the Engine Assurance Program. The Engine Assurance Program takes advantage of the engine parts and services discounts and passes that value directly to our customers.
The Engine Assurance Program substantially reduces the cost of maintenance for many older
aircraft engines. We cover scheduled and unscheduled maintenance without all of the exclusions.
Three programs are available:
This program covers scheduled and unscheduled engine maintenance, including life-limited parts, LRUs, R&R, shipping, rentals, line maintenance, trend monitoring and 24/7 access to Engine Assurance Program’s AOG assistance. Catastrophic coverage is also included. Operators get full coverage with only 75 hours as the yearly minimum.
For those starting the program without a full buy-in. As an example, Engine Assurance Program will cover the next overhaul on a 50 percent basis if the operator has already flown through 50 percent of the time prior to the next overhaul at the time of enrollment. This includes all coverages from the comprehensive program, however, covered at the proportional rate.
Limited to the catastrophic failure of the engine prior to its next scheduled event; this program also includes unscheduled failure of LRUs.