Circular economy in aviation and aerospace 3: engines, green time and the USM market
Engine value and green time, life extension and shop-visit avoidance, repair versus replace, pricing used serviceable material and market cycles, lease-return conditions, and quality and counterfeit risk from the trader's side. Part 3 of the Circular economy in aviation and aerospace series.
What you will be able to do
- ✓ Value an engine from a half-life reference by adjusting for its life-limited parts and its performance, and state its green time.
- ✓ Compare a performance restoration, a green-time lease and a green-time engine purchase on net cost per cycle used, and apply module swaps and used life-limited parts within the rules.
- ✓ Distinguish manufacturer's repair data, data approved by a designated engineering representative and PMA parts, and choose between repair and replacement on expected cost and value effect.
- ✓ Explain how used serviceable material is priced against list price, read trade condition codes, price a used life-limited part pro rata, and describe how prices move over a type's life.
- ✓ Apply engine lease-return conditions, compare maintenance reserves with end-of-lease compensation, and calculate a return settlement including records gaps.
- ✓ Run a trader's quality system and due diligence against suspected unapproved parts, and respond to an alert, using the AOG Technics case.
Course content
Session 1 · Engine value and green time
1.1
- The engine as an asset · free preview
- Life-limited parts: the stack, the limiter and the stub
- Performance: exhaust gas temperature margin as a clock
- Worked example: valuing K-9's engine from half-life
Session 2 · Life extension and shop-visit avoidance
1.2
- Green-time engines and green-time leases
- Module swaps and life-limited part substitution
- Part-life optimisation
- Worked example: finishing the extension at the lowest cost per cycle
Session 3 · Repair versus replace
1.3
- When a part fails inspection
- Approved repair data, named carefully
- The repair-or-replace test
- Worked example: turbine blades on a spare engine
Session 4 · Pricing used serviceable material and market cycles
1.4
- How used serviceable material is priced
- Condition codes and what they are worth
- Market cycles: supply, demand and the life of a type
- Worked example: pricing a used turbine disc
Session 5 · Lease-return conditions
1.5
- Engine return conditions: what the lease asks for
- Maintenance reserves and end-of-lease compensation
- Records at return: proving every cycle
- Worked example: settling K-14's engine at return
Session 6 · Quality and counterfeit risk from the trader's side
1.6
- Why traders carry the risk
- Quality systems for distributors
- Due diligence at the trader's desk
- From the investigation file: AOG Technics and the falsified release certificates
- MRO deals and approvals, 5-11 Nov 2026
3 · World n/a
Aviation Week and AviTrader, 9-11 Nov 2026
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Experienced in maintenance? Join the bench →
Who this course is for
- Lessor and airline asset managers who value engines, plan shop visits and negotiate lease returns
- Engine shop, powerplant and technical records staff who decide repair or replace and prove every cycle at return
- Parts traders and quality managers who price used serviceable material and guard against unapproved and falsified parts
You need: Circular economy in aviation and aerospace 2: retirement, storage and teardown, or working experience with engines, leases or parts trading.
Course content © Aerospace Garage Limited. All rights reserved.