March 12, 2020

United Airlines borrows US$2 billion to pay costs as Trump bans European flights

United Airlines Holdings Inc (United Airlines) has confirmed that it has entered into a US$2 billion term loan facility to be repaid on its maturity date of March 8, 2021. The carrier has indicated that the funds are to be used to pay certain transaction fees and expenses, and for general corporate purposes. Currently, airlines […]

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Willis Lease Finance reports annual pre-tax profit of US$88.9 million

Financial

Willis Lease Finance has reported annual total revenues of US$409.2 million and pre-tax profit of US$88.9 million for the year ended December 31, 2019. The Company’s 2019 pre-tax results were driven by continued leasing revenue growth as well as gains associated with the active management of its portfolio. Aggregate lease rent and maintenance reserve revenues

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Jackson Square Aviation delivers two Boeing 787-9 Dreamliners to Air Europa

Aircraft & Engines

Jackson Square Aviation (JSA), a full-service commercial aircraft lessor based in San Francisco, has delivered two new Boeing 787-9 aircraft on lease to Spanish airline, Air Europa. These two deliveries result from JSA’s ongoing PDP and SLB delivery financing commitments to Air Europa, running since 2015 through to 2021, across multiple aircraft types.

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New leader to take the helm at Bombardier

People

Éric Martel has been appointed President and Chief Executive Officer, and a member of the Bombardier Board of Directors, effective April 6, 2020. He succeeds Alain Bellemare. Martel joins Bombardier from Hydro-Québec, where he has served as President and Chief Executive Officer since July 2015. Prior to joining Hydro-Québec, he held several leadership positions at

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Lufthansa Group Airlines continue operating to the U.S.A.

Airlines & Routes

Despite the new travel guidelines ordered by the U.S. administration on passengers from the European Union, Switzerland and other countries, Lufthansa Group Airlines will continue to offer flights to the U.S.A. from Germany, Austria, Switzerland and Belgium. The Lufthansa Group will continue operating flights from Frankfurt to Chicago and Newark (New York), from Zurich to

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SunExpress selects GE Aviation for digital agreement

Information Technology

SunExpress, the joint venture between Lufthansa and Turkish Airlines, has selected GE Aviation for a comprehensive safety contract including eFOQA Mainline. The program covers the SunExpress fleet including Boeing 737 and Airbus A330 airplanes and expands upon a previous agreement to enable advanced analytics with enriched data sets that will ultimately drive greater understanding of

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Recaro Aircraft Seating installs first seats from SPRINT program on B737 aircraft

MRO & Production

Recaro Aircraft Seating has installed its first ship-set of its BL3530 seats from the SPRINT program on Air Lease Corporation’s B737 aircraft start of March. Introduced in late 2019, the SPRINT program develops and ships predefined BL3530 seats for lessors within two months of the order being submitted. The SPRINT program can equip either an

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Boeing joins Renewable Energy Buyers Alliance

Other News

Boeing has joined the Renewable Energy Buyers Alliance (REBA) in support of its goals to reduce greenhouse gas emissions by 25% by 2025, and ultimately power operations with 100% renewable energy. This alliance of large clean energy buyers, energy providers, service providers and NGO partners supports a large-scale, rapid transition to a cleaner future. REBA

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Hawaiian Airlines reports February 2020 traffic statistics

Traffic

Hawaiian Airlines welcomed more than 856,000 guests in February 2020. Total traffic increased 6.4% on an increase of 13.3% in capacity compared to February 2019. Load factor decreased 5.2 points year-over-year to 79.3%.

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Norwegian to temporary lay off up to 50% of its employees