2 February 2017

Bombardier and CityJet finalize purchase agreement for up to 10 CRJ900 aircraft

Bombardier Commercial Aircraft released that a firm purchase agreement, consistent with the conditional agreement announced on January 24, 2017, has been finalized with Dublin-based regional carrier, CityJet. The firm agreement includes six CRJ900 aircraft and options for an additional four aircraft. Upon delivery, the aircraft will operate under wet lease in the Scandinavian Airlines (SAS)

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CFM International names Gaël Méheust new president and CEO

CFM International (CFM) has named Gaël Méheust as its new president and chief executive officer, effective immediately. Mr. Méheust is replacing Jean-Paul Ebanga, who had served as CFM president and CEO since February 2011 and has now moved to another position within Safran. CFM, the 50/50 joint company between GE and Safran Aircraft Engines, is

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Locatory.com and Pentagon 2000SQL deploy advanced web services integration

Aviation IT company Locatory.com has deployed a new integration for its marketplace solution with Pentagon 2000SQ. The partnership is in its third year and integrates the most important Locatory.com marketplace solutions with the Pentagon 2000SQ system. This integration brings tangible benefits for all Pentagon and Locatory.com users. Companies in the aviation industry have an opportunity

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DAE announces pricing of inaugural aircraft securitization

Falcon Aerospace Limited and Falcon Aerospace USA LLC (“Falcon 2017-1” or “Borrowers”) will issue US$410m of asset-backed secured term Loans. The Borrowers expect to use the proceeds to purchase 21 in-production, narrow-body aircraft. Dubai Aerospace Enterprise (DAE) will act as servicer for the transaction. Falcon 2017-1 will issue three tranches of asset-backed secured term loans:

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