Engine PR MRs are crucial in aircraft leasing. They are the highest dollar item of monthly MR invoices. For older aircraft (around 15 years or older) the engine PR MRs can translate into a monthly expense higher than the Basic Rent itself.
As MR Rates depend on highly unpredictable SV Costs and MTBRs, this is usually an item heavily negotiated while agreeing on aircraft Leases. It is an area where the technical and legal teams from both the airline (lessee) and lessor need to work cooperatively to ensure smooth management of Engine PR MRs during the lease.
Finally, the economics of a leasing deal (for both the lessor and the lessee) depend greatly on the level of Engine PR MRs. In fact, this is typically a factor that has a significant effect while agreeing on the value of an aircraft that is being sold while on lease.