18 January 2011

Avolon to acquire 11 new aircraft under sale and leaseback structures

Avolon is acquiring 11 new aircraft, under sale and leaseback structures, from four airlines based in Europe, Asia and Australia. Two of the aircraft were delivered new in 2010 and the remainder will deliver in the next twelve months. The 11 aircraft comprise five Airbus A320s and six Boeing 737-800s and include: – Two A320s

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Avolon announces second capital raising of $650 million

Avolon, the aircraft leasing group, reported a second capital raising of $650 million comprising $250 million of equity and $400 million of debt finance. The $250 million of additional equity has been raised from Avolon’s existing investors: Cinven, CVC Capital Partners and Oak Hill Capital Partners. A number of other investors have also participated in

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UAR names new Sales Manager of Calibration & NDI for

Universal Air Repair reported that Tina Nelson joined the company, as Sales Manager of Calibration & NDI (Non-Destructive Inspection) Services division. UAR, a subsidiary of Universal Asset Management, is an FAA / EASA approved repair station and also operates a commercial ISO-accredited calibration laboratory in Cordova, Tennessee. NDI services are available on-site.

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Boeing sets 787 first delivery for third quarter

Boeing expects delivery of the first 787 Dreamliner in the third quarter of this year. The new delivery date reflects the impact of an in-flight incident during testing last November and includes the time required to produce, install and test updated software and new electrical power distribution panels in the flight test and production airplanes.

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