Director, Engine Trading
AerCap is the global leader in aircraft leasing with 1,421 owned, managed or on order aircraft in its portfolio as of December 31, 2018. AerCap has one of the most attractive order books in the industry. AerCap serves approximately 200 customers in approximately 80 countries with comprehensive fleet solutions.
Reporting to the Head of Engine Management, the Engine Trading Director will provide support to the Technical and Portfolio management teams managing the AerCap fleet of aircraft. The role will involve identifying candidates for engine exchange, sourcing used engines for internal needs, and supporting the sale of surplus engines. Working as part of the Engine Management team the role will require a good technical understanding of the common engine types, current technical and commercial records requirements and sound commercial acumen. The successful candidate should be someone who works well across multidisciplinary teams to ensure smooth engine trading transactions and preferably someone who already has a good network of contacts across the engine trading sector.
AerCap is listed on the New York Stock Exchange (AER) and has its headquarters in Dublin with offices in Shannon, Los Angeles, Singapore, Amsterdam, Shanghai, Abu Dhabi, Seattle and Toulouse. While the role offers opportunities to perform engagements in these overseas offices and would support the global Aercap fleet, the role is primarily Dublin based.
Shop Visit Forecasting
- Assist the Engine Management team with shop visit forecasting.
- Identify opportunities to mitigate high cost exposure to engine maintenance events.
- Develop strategies to optimize maintenance costs exposure on end of life assets across the fleet, internal exchanges, pooling etc.
- Source potential used/exchange or lease engines in the marketplace as required.
- Assist in the engine exchange/sales process by engaging with all relevant departments to ensure SPAs/Exchange Agreements are completed within agreed timescales.
- Perform full records reviews, including back to birth history for LLP/serialized part replacements on engines/APUs being considered for purchase.
- Provide potential buyers with “as removed” and historical records for engines/APUs being offered for sale.
- Research and provide resolution for all records queries raised by potential buyers for engines/APUs being offered for sale.
- Assist Contracts department by providing relevant Engine/APU data required for the completion of Estoppel & Acceptance Certificates, Return Acceptance Receipts, and Pro-forma invoices.
- Review of exchange material proposals including back to birth history for LLPs.
- Maintain and develop relationships with MROs, OEMs, and engine traders across the industry.
- Monitor fleet technical issues e.g. SB/ADs etc., to understand any impact to future asset values.
- Assist in the negotiation of MRO agreements for AerCap managed shop visits.
- Keep abreast of industry trends affecting engine values, maintenance costs and engine availability.
Job requirements, qualifications, and competencies
- Degree in Engineering, Aviation Management, Licensed Engineer or equivalent, with a minimum of five years of engine or parts trading experience.
- A good appreciation of engine maintenance processes and airline operations.
- Familiarity with all major engine types, including CFM, and V2500 narrowbody engine types and GE, PW.
- Experience of aircraft leasing industry preferable.
- Team player with ability to collaborate across multiple departments: Leasing, Legal, Contracts, Portfolio Management, Materiel etc. to meet customer needs.
- Proactive; will take ownership of issues and seek resolution.
- Proven ability to work to tight deadlines in a pressurized environment.
- Analytical with attention to detail. Ability to solve complex technical problems whilst demonstrating sound judgement where needed.
- Well organised, diligent, and able to manage multiple projects concurrently.
- Flexible and adaptable; ability to travel on short notice as needed.