Heike Tamm

Embraer achieves 250th business jet delivery milestone in Latin America

Aircraft & Engines

Embraer has announced the delivery of a Phenom 100EV and a Phenom 300E to two separate Brazilian customers, marking the company’s 250th business jet delivery in Latin America. The Phenom 100EV was delivered to an undisclosed industrial company, which selected the aircraft to maintain crucial business operations during the COVID-19 pandemic. The Phenom 300E was delivered […]

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Over 1,000 aircraft set to return to lessors in 2021 without new homes says IBA

Uncategorized

The commercial aircraft leasing market is set for considerable turmoil in 2021 with over 1,000 aircraft set to be returned to lessors without clear options for onward placement. In a webinar IBA outlined how around 1,300 aircraft, including 200 widebodies, had been scheduled (prior to the COVID-19 pandemic) to be returned to its lessors in

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Rex Regional Express © AirTeamImages

REX in exclusive funding negotiations for domestic major city operations

Financial

Regional Express Holdings (Rex) has signed a long-form term sheet and is in advanced exclusive negotiations with PAG Asia Capital (PAG), a leading Asia-Pacific-focused investment firm, regarding an investment by PAG of up to AU$150 million (US$210 million) to be used exclusively to support the launch of Rex’s domestic major city jet operations scheduled to

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SR Technics sells design engineering solutions to groWING.aero

Financial

Effective October 1, 2020, SR Technics’ design engineering solutions department will be transferred to groWING.aero, as part of a sale that ensures the continuity of these services. This is due to the industry-wide COVID-19 crisis and the changing market environment where SR Technics has decided to focus on engine services and line maintenance in Switzerland.

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Chorus Aviation delivers third Airbus A220-300 aircraft to airBaltic

Aircraft & Engines

Chorus Aviation has delivered one new Airbus A220-300 aircraft to airBaltic of Latvia. The aircraft (MSN 55086) is the third of five units to be placed on long-term lease with the airline through a committed sale and leaseback transaction. The two remaining aircraft are expected to be delivered later this year. airBaltic has safely resumed

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Boeing, Honeywell and Rolls-Royce Deutschland partner to service H-47 Chinook engines

Military & Defense

Boeing, Honeywell Aerospace and Rolls-Royce Deutschland have reached an agreement to providein-service support of the T-55 engine should the government of Germany select the H-47 Chinook for its Schwerer Transporthubschrauber (STH) heavy-lift helicopter requirement. Since the forming of the Chinook Germany Industry Team in 2018, originally comprised of nine German companies, Boeing continues to build

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Rolls-Royce looks to raise £2.5 billion to counteract effects of COVID-19

Financial, Top Stories

Rolls-Royce, the British jet engine manufacturer, has announced its intention to raise approximately £2.5 billion in an attempt to strengthen its balance sheet as the continued effects of the COVID-19 pandemic affect demand both for jet engines and ancillary services. One of the options being considered by the company is a rights issue, though debt

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Delta and LATAM receive approval in Brazil for joint venture

Airlines & Routes

Delta Air Lines (Delta) and LATAM Airlines Group S.A. and its affiliates (LATAM) have received regulatory approval for their trans-American Joint Venture Agreement (JVA) from Brazil’s competition authority, the Administrative Council for Economic Defense (CADE). The proposed JVA between Delta and LATAM, which was presented to the CADE on July 14, 2020,was approved without conditions,

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Air Lease Corporation delivers one new Airbus A350-1000 aircraft to Virgin Atlantic

Aircraft & Engines

Air Lease Corporation (ALC) has announced the delivery of one new Airbus A350-1000 aircraft on long-term lease to Virgin Atlantic.  Powered by Trent XWB-97 engines, this aircraft is the first of four A350-1000s confirmed to deliver to the airline from ALC’s order book with Airbus.  “We are pleased to announce this first new A350-1000 aircraft

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