Abstract: A collapsible component lift for removal and replacement of, for example, a helicopter engine or transmission in a remote location. The lift includes a mast, boom, adjustable support arm and winch. The mast is supported substantially vertical and stands next to the failed helicopter. The boom extends outwardly, over the helicopter during removal and replacement of the component (e.g. engine, transmission) and swivels away from the helicopter to access the component. A strap and winch provide lifting force. An adjustment arm connects between the mast and the boom, forming a triangle with the mast and boom. The collapsible component lift disassembles into component sections that are short enough to be transported in a maintenance helicopter that is flown to the site of the failed helicopter. Preferably, a carrying case is provided for the transportation of the individual components.