16 January 2014

Al Qahtani Aviation Company orders up to 26 Bombardier CSeries aircraft

Dammam-based Al Qahtani Aviation Company has signed a firm purchase agreement for 16 CS300 aircraft with options for an additional 10 CS300 jetliners. The aircraft will be operated by SaudiGulf Airlines, a newly launched national carrier from the Kingdom of Saudi Arabia. Al Qahtani Aviation Company and SaudiGulf Airlines are both owned by Saudi Abdel […]

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Bombardier Aerospace confirms change to CSeries aircraft’s entry-into-service

Bombardier Aerospace confirmed that the CSeries aircraft program is making solid progress and initial performance results are in line with the company’s expectations. However, based on the thorough review of the CSeries program after the first flight of the CS100 on September 16, 2013, the flight test phase will require more time than originally anticipated

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AirBridgeCargo Airlines takes delivery of fifth 747-8 Freighter

Boeing and AirBridgeCargo Airlines (ABC), part of Volga-Dnepr Group and Russia’s largest cargo airline, recently celebrated the delivery of the airline’s fifth 747-8 Freighter. With delivery of the fifth 747-8 Freighter, AirBridgeCargo continues to follow its long-term fleet modernization strategy to further improve the quality of its products. The new aircraft will be used on

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Willis Lease Finance reports strong engine leasing activity in December 2013

Willis Lease Finance Corporation reported it closed 2013 with one of the strongest months of new leasing activity in the company’s history. “We ended 2013 by purchasing six brand new engines for over $75m and closing new lease agreements for 19 engines, making December one of the most productive months we’ve ever had,” said Charles

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Etihad Regional launched in Switzerland

Swiss-based airline Etihad Regional was launched in Zurich on January 16th, heralding a new era of improved regional and international connections for travellers in Europe. Established in partnership with UAE national carrier, Etihad Airways, the new carrier will be operated by Switzerland’s Darwin Airline, which is headquartered in Lugano with a major hub in Geneva.

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Aero Gulf Group to power up its specialist CFM 56 engine MRO facility in Sola, Norway

Bahrain based Aero Gulf Group released that the newly named Sola Engine Centre in Norway, which was purchased from Pratt & Whitney late 2013, can now deliver global operators of CFM 56 engines exceptional, industry recognised EGT margin and quality, through the investment, reorganisation and streamlining that has underpinned the Group’s strategic acquisition. It forms

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LCI and KKR Financial Holdings announce strategic investment

Lease Corporation International, a Libra Group company, and KKR Financial Holdings, a specialty finance company managed by a subsidiary of KKR & Co. L.P., have entered into a definitive agreement under which KFN has agreed to invest in excess of $100m in LCI Helicopters (LCIH), the helicopter leasing subsidiary of LCI, in exchange for a

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Jet Aviation Basel signs narrow-body completions agreement for ACJ-A320

Jet Aviation Basel has been selected to complete the interior of an Airbus corporate jet ACJ-A320 for an undisclosed head-of-state. The VIP aircraft will be delivered to the Basel Completions Center in the third quarter of 2014. Jet Aviation Basel was recently awarded a VIP cabin interior completions contract for a head-of-state ACJ-A320 aircraft. Configuration

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GA Telesis launches GA Telesis Aviation Investments

GA Telesis and Wafra Capital Partners jointly announced that GA Telesis has raised $500m from institutional and private clients advised by Wafra Capital Partners to establish a new aviation investment vehicle focused on aircraft and engine investment opportunities. The vehicle will be named GA Telesis Aviation Investments LLC (“GAIN”) and will be managed by GA

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