29 April 2013

CIT Aerospace reports first quarter 2013 deliveries and lease agreements

CIT Aerospace, a global leader in aircraft finance, released that it delivered nine aircraft and signed 28 lease agreements in the first quarter of 2013. The deliveries include new and used aircraft, as well as lease extensions of its existing fleet, while the lease agreements include current and future leases of commercial aircraft. In addition, […]

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AWAS closes first JOLCO as part of multi – channel financing strategy

AWAS has closed a JOLCO (Japanese Operating Lease with Call Option) financing relating to one Airbus A320 aircraft on lease to Aeroflot Russian Airlines, with Crédit Agricole Corporate and Investment Bank (CA CIB) as overall arranger, facility agent and security trustee. The equity portion of this first JOLCO secured by AWAS was underwritten by Financial

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GE Aviation opens new jet engine factory in Auburn, Alabama

On April 29th, GE Aviation celebrated the grand opening of its new jet engine components factory in Auburn that will create hundreds of jobs. The 300,000-ft² advanced manufacturing plant will produce precision, super-alloy machined parts for GE jet engines that will power future commercial and military aircraft, and also support the vast fleet of GE

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Embraer Executive Jets Legacy 650 certified in Indonesia

Embraer Executive Jets received type certification for its large Legacy 650 aircraft from Indonesia’s Directorate General of Civil Aviation on March 27, 2013, paving the way for Premiair to put the aircraft into service. “With the certification of the Legacy 650 in Indonesia, all in-service Embraer Executive Jets are now certified in the country,” said

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ATR-600 aircraft certified by the FAA

Turboprop aircraft manufacturer ATR released that the newest ATR ‘-600 series’ aircraft have just received their certification from the FAA, the American Federal Aviation Administration. This certification, for both the ATR 42-600 and the ATR 72-600, will enable the entry into service of these new aircraft in countries requiring FAA rather than EASA (European Aviation

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Wizz Air Hungary takes delivery of first Airbus Sharklet equipped A320

Wizz Air Hungary, the low cost – low fare airline, has taken delivery of its first A320 aircraft equipped with Sharklet fuel saving wing tip devices. The carrier becomes one of the first Eastern European Airlines to do so, following the delivery in March of the first A320 with Sharklets to Wizz Air Ukraine. Wizz

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Nepal Airlines selects Airbus A320 for fleet modernisation

Nepal’s national flag carrier, Nepal Airlines Corporation (NAC) has signed a Memorandum of Understanding (MoU) to buy two Airbus A320 aircraft equipped with Sharklet fuel saving wing tip devices. Sharklets deliver up to 4% savings in fuel consumption making the aircraft a cornerstone of NAC’s fleet modernisation. The A320 was chosen for its unbeatable economics,

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EADS North America delivers 250th UH-72A Lakota helicopter to U.S. Army

The U.S. Army has fielded the 250th UH-72A Lakota helicopter delivered to Army and National Guard units by EADS North America since 2006. Every Lakota – including an additional five produced for the U.S. Naval Test Pilot School – has been delivered on time and on budget, by an American workforce that is more than

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Direct Maintenance commences B747-8 line maintenance

Following the expansion of its Scope of Work with the Airbus A380 in 2012, Direct Maintenance has commenced offering Boeing B747-8 line maintenance support. The inaugural event took place at Amsterdam Schiphol Airport on the occasion of launch customer Cathay Pacific Cargo deploying its first B747-8F freighter service into Europe. Cathay Pacific Cargo is the

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