Powerhouse Engines secured a new operating lease customer for two CFM56-5B engines with Colombian airline Avianca.
“The team at Powerhouse Engines came alongside Avianca in every phase, understanding our in-service demand, our operational specification, our repair standards and qualifications and performed at a high level to expeditiously address repairs and turn-around time, always seeking for solutions as per our standards,” Jorge Sierra, fleet director of Avianca, said. “We are proud to partner with Powerhouse and look forward to their growth in capabilities.”
The two CFM56-5B engines on lease to Avianca represent a recent undisclosed customer from the Powerhouse engine leasing portfolio.
“We are happy to have Avianca join the Powerhouse family of customers and appreciate their trust, diligence and common commitment to excellence,” Eric Engdahl, CEO of Powerhouse, said. “At Powerhouse Engines, we continue to pursue acquisitions for mid-gen engines in the market to serve our customers, having reviewed well over 100 engines valued in the $300m range during the latter part of 2025. While demand drives bid competition, Powerhouse is well positioned to further transact on more engines.”
