22 November 2011

ALC signs lease agreements for 13 additional aircraft

Air Lease Corporation announced that it has signed lease agreements for 13 additional aircraft. ALC placed the following new aircraft from its order book: Two Embraer 175s leased to Belavia (Belarus). Four ATR 72-600s leased to Passaredo (Brazil). Two Airbus A320-200s leased to S7 Airlines (Russia). Additionally, ALC leased the following aircraft from its fleet: One […]

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AB Volvo evaluates possibility of divesting Volvo Aero

As a step in further streamlining the Volvo Group towards heavy commercial vehicles, AB Volvo has initiated a process aimed at divesting Volvo Aero.  “One of the prerequisites for a transaction being implemented is that a divestment could enable Volvo Aero to enter into a structure that would enhance the company’s opportunities for further development

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Singapore Airlines expands GE's OnPoint Solution agreement on additional GE90 engines

Singapore Airlines has expanded its 10-year OnPointSM solution agreement for engine maintenance, repair and overhaul to include its new GE90-115B engines that power its eight additional Boeing 777-300ER aircraft. The agreement on the newly added engines is valued at more than $300m over the life of the agreement.

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SAS secures finance lease facility of SEK 500m for four existing A321 aircraft

SAS has secured a five year refinancing of 4 Airbus 321 to a total value of approx. US$74m (500 MSEK). Nordea is Agent and Deutsche VerkehrsBank AG (DVB) is Security Trustee in the transaction. The transaction is part of SAS ongoing aircraft refinancing program where loans maturing in 2011/2012 are to be renewed. The financing of two

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Change of personnel in two executive positions within the Lufthansa Technik Group

Christoph Meyerrose, who has been the Managing Director of Lufthansa Technical Training in Hamburg for over ten years, is set to become the new Managing Director of Lufthansa Bombardier Aviation Services (LBAS) in Schönefeld, Berlin. The present Managing Director of LBAS, Andreas Kaden, who has held this position for thirteen years, will be taking over

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Doric awarded remarketing mandate for two Airbus A319s

Doric Asset Finance announced a further mandate for the remarketing of two Airbus A319s. The Doric Group with offices in Europe and the US was appointed as a remarketing agent for the two aircraft. “We are currently leading negotiations with several interested airlines to achieve the best possible contractual arrangements for our customers. We expect

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SSJ100 Full Flight Simulator in Zhukovsky ready for training

The new Full Flight Simulator (FFS) of the Sukhoi Superjet 100 aircraft is ready to start training for Russian pilots. The FFS, produced by French manufacturer Thales, is a highly technologically synthetic training device replicating the SSJ100 cockpit. It has been put in place in Zhukovsky, Moscow Region, by the Training Center managed by SuperJet

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