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Aviation Capital Group signs lease agreement with EL AL Israel Airlines

Aviation Capital Group has signed long-term lease agreements with EL AL Israel Airlines, for two new B787-9s aircraft from ACG’s order book commitment with Boeing and two new B787-8s on a sale and lease-back agreement. The first aircraft is expected to be delivered in February 2018. “As previously announced in September 2016, EL AL Israel Airlines is pleased to enter into these lease agreements with ACG and increase our future 787 fleet to a total of 16 aircraft. The 787 fleet will open a new chapter for EL AL Israel Airlines,” said David Maimon, CEO of EL AL Israel Airlines.

Friday May 17, 2024
On May 16, President Joe Biden signed sweeping aviation legislation that will boost U.S. air traffic controller staffing, increase funding to avert runway close-call incidents © Shutterstock
On Thursday, May 16, President Joe Biden signed sweeping aviation legislation that will boost U.S. air traffic controller staffing, increase funding to avert runway close-call incidents, and speed up refunds for cancelled flights, according to Reuters. The US$... Read More »
Friday May 17, 2024
The Eurodrone programme has completed preliminary design review
The Eurodrone programme has successfully completed the preliminary design review (PDR). Led by Airbus Defence and Space as the prime contractor, this significant milestone in the programme was achieved with OCCAR and representatives from the four customer nati... Read More »
Friday May 17, 2024
Spirit AeroSystems Wichita, Kansas facility © Shutterstock
In response to mounting financial difficulties and a decline in deliveries to Boeing Co., Spirit AeroSystems Holdings Inc. intends to trim its workforce by approximately 450 employees at its Wichita, Kansas headquarters. The reduced production of 737 Max airfr... Read More »
Friday May 17, 2024
Johan Lundgren
EasyJet’s chief executive, Johan Lundgren, will step down at the beginning of next year after seven years at the helm of the budget airline. The carrier is promoting its chief financial officer, Kenton Jarvis, to take his place, with Lundgren to hand over th... Read More »
Friday May 17, 2024
FLYHT and MBS have developed a secure wireless avionics software and onboard data loading solution © Shutterstock
FLYHT Aerospace Solutions (FLYHT) has announced a partnership with MBS Electronic Systems GmbH & Co. KG (MBS), a provider of secure data loading solutions that enable compliant avionics software maintenance and safer flight operations. The two companies ha... Read More »
Friday May 17, 2024
Azzora has taken delivery of its first A220-300 aircraft which will be leased to Breeze Airways © Airbus
U.S.-based aircraft lessor Azorra has taken delivery of its first A220-300 aircraft. The aircraft, delivered from the Airbus facility in Mirabel, Quebec, Canada, will be leased to Utah-based Breeze Airways. This is the first aircraft delivered out of the 22 A2... Read More »
Thursday May 16, 2024
Heart Aerospace ES-30 aircraft © Heart Aerospace
Swedish hybrid-electric aeroplane maker, Heart Aerospace, has opened a new research and development (R&D) hub in the United States. This strategic move comes as the company prepares to enter a new phase of hardware testing in developing its first regional ... Read More »
Thursday May 16, 2024
The Gulfstream G700 has earned EASA certification
Gulfstream Aerospace Corp., has released that the all-new Gulfstream G700 has received European Union Aviation Safety Agency (EASA) type certification, following the aircraft’s Federal Aviation Administration (FAA) type certification on March 29, 2024. “Th... Read More »
Thursday May 16, 2024
SIA Group (SIA) has posted its highest full year operating and net profits in the Group’s history as robust demand for air travel drives record passenger revenue and load factors. The demand for air travel remained buoyant throughout FY2023/24, boosted by a ... Read More »
Thursday May 16, 2024
Portugal will construct a new international airport in the municipality of Alcochete, across the River Tagus from Lisbon, Prime Minister Luis Montenegro announced on May 14, after decades of debate over the location, REUTERS news agency reported. The new airpo... Read More »
Thursday May 16, 2024
All Boeing 777s at SWISS have been equipped with AeroSHARK © SWISS
Over the past one and a half years, SWISS International Air Lines (SWISS) has equipped its entire Boeing 777-300ER fleet with AeroSHARK, the sharkskin technology from Lufthansa Technik and BASF. The AeroSHARK surface film mimics the flow-optimising characteris... Read More »
Thursday May 16, 2024
Finnair ATR aircraft © AirTeamImages
Finnair has suspended flights to Tartu for a month to introduce an approach solution that does not require a GPS signal at Tartu airport. Previously, the approach methods at Tartu airport were GPS-based, and GPS interference in the area occasionally prevented ... Read More »
Wednesday May 15, 2024
The U.S. Department of Transportation (DOT) has released its Air Travel Consumer Report (ATCR) for February 2024, detailing airline operational data on on-time performance, mishandled baggage, and mishandled wheelchairs and scooters. The ATCR aims to provide c... Read More »
Wednesday May 15, 2024
Geir Karlsen, CEO of Norwegian and Petter A. Stordalen, owner and founder of Strawberry © Norwegian
Norwegian and Strawberry have finalised an agreement to create a joint platform for their loyalty programmes, Norwegian Reward and Strawberry, which together boast 10 million members. Following an initial announcement in June last year, the arrangement has now... Read More »
Wednesday May 15, 2024
Commercial Jet
Commercial Jet Services LLC (Commercial Jet) has released that its Dothan, Alabama MRO facility has received certification for the Boeing 737 MAX-series aircraft. This certification enables the company to offer full maintenance, modification and overhaul servi... Read More »
Wednesday May 15, 2024
CALC has delivered the first of three A320ceo aircraft to SAA © CALC
China Aircraft Leasing Group Holdings Limited (CALC), along with its subsidiaries, has announced the successful delivery of the first of three Airbus A320ceo aircraft to South African Airways (SAA) in the carrier’s 90th year of operations. The 2016-vintage A... Read More »
Wednesday May 15, 2024
Kate Harbosin (l), P&WC and Puja Mahajan (r) CEO Azzera
Azzera, Inc. (Azzera), a company specialising in sustainability solutions for business aviation, has been selected by Pratt & Whitney, an RTX business, to provide carbon credits for Pratt & Whitney Canada’s Carbon Offset Service. Azzera will supply a... Read More »
Wednesday May 15, 2024
WestJet
Travelport, a global technology company that supports travel bookings for numerous travel suppliers, and Calgary, Canada-based WestJet, have announced a new long-term content distribution deal. This renewed partnership aims to enhance WestJet’s retailing... Read More »
Tuesday May 14, 2024
The deal was announced during the International Society of Transport Aircraft Trading (ISTAT) Asia in Hong Kong
Sanad, a wholly owned subsidiary of Abu Dhabi’s sovereign investor Mubadala Investment Company PJSC (Mubadala), has unveiled a strategic transaction with CFM Materials, the largest provider of used serviceable components for CFM International engines, during... Read More »
Tuesday May 14, 2024
Shane Jones (l) and Nathan Engel (r)
The boards of directors of Alaska Airlines and Horizon Air have announced two leadership additions, promoting two industry veterans into significant roles at each airline. Alaska Airlines has promoted Shane Jones, a 20-year industry veteran, to Senior Vice Pre... Read More »

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