Rolls-Royce appoints Chris Cholerton as Chair of its engine leasing joint venture

UK, July 19. Chris Cholerton, Group President and member of the Rolls-Royce Executive Team has been appointed Chair of Alpha Partners Leasing Limited (APL), the holding company of its engine leasing business, Rolls-Royce & Partners Finance, and asset management business, Aether Asset Management.

Chris has deep aerospace sector experience having previously led Rolls-Royce’s Civil Aerospace and Defence divisions.

Chris Cholerton said,

“I am delighted to join the Board of APL and look forward to working with the Board, CEO Bobby Janagan and the leadership team to support the growth and success of the business.”

Since 1989, Rolls-Royce & Partners Finance has played a vital role in helping Rolls-Royce’s customers access competitive finance for their spare engines. Rolls-Royce & Partners Finance was the first engine leasing business to obtain an investment grade credit rating and is the leading financier of Rolls-Royce spare engines.

More recently, APL launched its Aether Asset Management business, in collaboration with Rolls-Royce, to better serve customers accessing short-term lease engines as part of Rolls-Royce’s TotalCare engine health and maintenance service.

Seamus Murphy, Rolls-Royce Director of Group Finance and Performance Management, has also been appointed to the APL Board.

Bobby Janagan, Chief Executive Officer of APL and Rolls-Royce & Partners Finance said,

“I am really looking forward to working closely with Chris and Seamus. They both bring significant experience, domain knowledge and expertise.”

APL is a joint venture between Rolls-Royce and GATX.