Press release

Amsterdam, 18 October 2023 – MTU Maintenance Lease Services B.V., a subsidiary of MTU Aero Engines AG specializing in engine leasing and asset management, and Advanced Ground Systems Engineering^TM, LLC (AGSE), an industry-leading designer and manufacturer of trusted aerospace ground support equipment and tooling solutions, have signed a letter of intent to cooperate as equal partners to offer engine transport stands for lease starting in January 2024.

California-based AGSE will produce and supply transport stands for a variety of engine models, including but not limited to CFM International’s LEAP and CFM56, International Aero Engines’ V2500, and Pratt & Whitney’s GTF^TM engines, in addition to wide-body models such as GE Aerospace’s GE90-110/115B, GEnx-1B and CF6-80, and Engine Alliance’s GP7000. The leasing branch of MTU Maintenance, the global leader in customized maintenance, repair and overhaul (MRO) solutions for aero engines, will handle all commercial leasing aspects of these stands.

Patrick Biebel, Managing Director at MTU Maintenance Lease Services, says having AGSE as a partner is the logical choice. Given its extensive engine stand portfolio, the manufacturer fits seamlessly into the leasing company’s ambitions to expand its capabilities and the MTU Maintenance Service^Plus suite of products.

“It’s all about a one-stop-shop principle where MTU Maintenance has the right setup to support its customers with any engine-related issue. This stand leasing service enables us to be even more responsive to our customers across the globe,” says Biebel. “AGSE is globally renowned as the leading independent stand manufacturer with a top-quality product.”

Eric Henderson, Vice President of Strategy and Business Development at AGSE, says MTU Maintenance shares the essential values his company seeks in a partner: an unrelenting focus on product quality and customer service.

“With its global leasing infrastructure and MRO network support, MTU Maintenance Lease Services can deliver the right stand to the right location for our customers,” says Henderson. “We see an increasing demand for more flexible solutions, so it makes sense to partner with a global player such as MTU Maintenance to expand our services further and provide an engine stand leasing solution.” 

Earlier this year, Amsterdam-based MTU Maintenance Lease Services celebrated its 10^th anniversary. In recent years, the company expanded its expertise beyond the core engine leasing and asset management services, such as parts trading and engine and module exchanges. It also offers engine lease pool management with CORTEX Lease, MTU’s in-house developed software, and technical asset management, which includes technical consulting and end-of-life solutions for assets.

AGSE celebrated its 50th anniversary this year, looking back on a history of supporting the largest portfolio of engine transportation stands and ground support equipment in the industry. Additions of the Stanley Aviation brand with its aircraft tow bar portfolio and launching AGSE Tooling, its engine tooling division in Ohio, have expanded its product coverage in support of its global customers.