IBA, a leading aviation market intelligence and consultancy company, has released an overview of OEM performance in 2023. It shows that, while some OEMs will reach their targets, others are set to fall short due to quality issues and production setbacks. Dr Stuart Hatcher, IBA’s Chief Economist and ISTAT Certified Senior Appraiser, used IBA
Air Corsica, Corsica’s leading air transport operator and ATR have confirmed a firm order for two ATR 72-600 aircraft placed initially at the Paris Air Show. Air Corsica has completed the full transition of its fleet of ATR-500 series to the latest generation of turboprop aircraft, demonstrating its commitment to operational excellence, regional connectivity and
Griffin Global Asset Management (Griffin) and Bain Capital through their joint venture have agreed to purchase and lease-back ten Boeing 737-8 aircraft to Air India Express, a subsidiary airline of Air India. The first aircraft was delivered in November 2023 and the remaining nine are to be delivered throughout the remainder of the fourth quarter
Azul Linhas Aereas (Azul) has disclosed a firm order for four additional Airbus A330-900 aircraft from a purchase agreement signed in June 2023. With these aircraft, the airline will expand its fleet and international route offering. The A330neo is Airbus’ latest wide-body aircraft. Powered by latest-generation Rolls-Royce Trent 7000 engines, the A330-900 is capable of
Turkish Airlines, Türkiye’s national carrier, is set to significantly expand its fleet with a substantial order of 220 Airbus aircraft. This order comprises 150 popular Airbus A321s and 70 of the highly modern and efficient A350 wide-body aircraft, including 50 A350-900s, 15 A350-1000s, and five A350F freighters. This comes on the heels of two previous
Japan Airlines (JAL) has taken delivery of its first A350-1000 from Airbus’ delivery centre in Toulouse, France. The A350-1000 is set to become the airline’s new international aircraft, initially flying on the prestigious Tokyo Haneda – New York JFK route. JAL will be replacing its fleet of Boeing 777-300ERs with the new A350-1000 aircraft. The airlines’
Deutsche Aircraft has inked a Letter of Intent (LOI) with an undisclosed customer, marking a pivotal move towards acquiring up to four cutting-edge D328eco aircraft. This strategic agreement signifies a major achievement for Deutsche Aircraft, solidifying its foothold in the sub-50-seater category and underscoring the global demand for state-of-the-art regional aircraft. Renowned for its technological
TrueNoord, a prominent player in regional aircraft leasing, has announced its latest portfolio trade involving 11 aircraft with Nordic Aviation Capital (NAC). The diverse aircraft portfolio includes four Dash 8-400s, three E175s and four E190s, contributing to TrueNoord’s growing fleet of new and young in-production turboprop and regional jets, now totaling 87 aircraft. The transaction
Avolon, the international leasing powerhouse, is making significant strides in expanding its aircraft portfolio with recent firm orders for Boeing and Airbus aircraft. The Ireland-based lessor has inked a deal with Boeing to acquire an additional 40 737-8 airplanes, further augmenting its 737 MAX portfolio. This expansion, which includes both 737-8 and 737-10 variants, will
Australia’s regional airline, REX, has achieved a significant milestone as its domestic jet fleet expands to double digits with the recent delivery of its tenth Boeing 737. The newly acquired 737-800NG aircraft, registered as VH-8ZL, touched down in Brisbane after a ferry flight from Goodyear, Arizona, where it underwent scheduled heavy maintenance and painting prior
