JSSI Marks 25th Anniversary of Hourly-cost Programs
This year marks the 25th anniversary of JSSI, a milestone the company will celebrate with receptions at this year’s EBACE and NBAA shows and an anniversary event at its headquarters in Chicago.
“It’s important to us that we get to say thank you face-to-face,” said Neil Book, JSSI president and CEO. “This is a milestone that we’re all proud of. We’re coming off our strongest year in history.”
Initially JSSI launched programs for business aircraft engines, then it added APUs and many airframes, with the most comprehensive coverage under its Tip-to-Tail program. One way that JSSI differentiated itself from OEM competition was to offer a lower-cost way for owners to buy in to an hourly-cost maintenance program. JSSI allowed owners not only to join the program at any time during the service life of the engine but it also pro-rated the buy-in amount needed to cover the engine life before signing up to spread out the cost.
Last year JSSI signed up its 10,000th asset, Air King’s Global 6000 BR710 engines and APU and charter operator VistaJet signed a 10-year agreement with JSSI for coverage of 50 Bombardier Globals and their Rolls-Royce engines. The agreement is valued at more than $205 million.