In recent months throughout the aviation industry, there have been many issues and challenges. Aircraft engines in particular have felt the impacts of shop visit escalations, costs of ownership, inflationary pressures, and a higher cost of borrowing. Operators who have newer generation engines such as the LEAP-1A and PW1100G are feeling these impacts to a
Eva Air has placed a significant order with Airbus. The Taiwanese carrier has chosen to acquire 18 A350-1000 jets, marking a successful expansion of Airbus’ largest wide-body model. In addition to the A350-1000s, Eva Air will also add 15 A321neo single-aisle aircraft to its growing fleet. The total value of this deal is estimated at
Xiamen Airlines and CFM International have signed an agreement for the purchase of LEAP-1A engines, to power its 15 A321neo and 25 A320neo aircraft, including spare engines. CFM International has also signed a services agreement for the carrier’s LEAP-1B and CFM56-7B fleets. Xiamen Airlines has been a CFM customer since 1992, when it purchased its
China Eastern Airlines has signed an order for 25 GEnx-1B engines to power its Boeing 787 fleet at the 6th China International Import Expo. The order also includes a long-term TrueChoice services agreement. China Eastern Airlines has been a GEnx customer since 2018 when it first purchased 15 GEnx-powered Boeing 787 aircraft, plus the TrueChoice services
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), has announced on the side-lines of Airline Economics’ Growth Frontiers 2023 Singapore conference, the signing of lease agreements for a fleet of three new Boeing 737 MAX 8 and three Airbus A320neo aircraft with its existing Chinese airline customer, Hainan
Stratos has continued its successful placement of various aircraft for third-parties. The company recently arranged the sale of an ex-Philippine Airlines’ B777-300ER,MSN61733, which was delivered to a leading Middle Eastern VIP operator. The six-year-old aircraft was sold on behalf of a syndicate of mainly European lenders led by NordLB who retained Stratos to repossess and
Belgium’s national airline and member of the Lufthansa Group, Brussels Airlines, has taken delivery of its first out of five new A320neo aircraft. The A320neo is part of the airline’s fleet renewal strategy to operate the latest state-of-the-art, efficient aircraft in order to meet Brussels Airlines’ ambitious sustainability targets. The A320neo incorporates the latest technologies, including new-generation
Falko Regional Aircraft Limited, the asset manager and aircraft lessor exclusively dedicated to the regional aircraft sector, has announced the procurement of four CRJ900 aircraft that are currently on lease to Air Canada. These aircraft have been acquired by Falko from the global alternative investment manager Castlelake, acting on behalf of Falko’s managed fund, Falko
Air Niugini, the flagship airline of Papua New Guinea, has solidified its fleet modernisation strategy by placing a definitive order with Airbus. The deal encompasses six A220-100s, aimed at enhancing the airline’s operations. Additionally, Air Niugini will bolster its fleet with three A220-300s and two more A220-100s leased from third-party lessors. The A220 aircraft will
AerCap has announced the delivery of its first Airbus A321 passenger-to-freighter (P2F) converted aircraft to IndiGo. The aircraft conversion was completed by Elbe Flugzeugwerke (EFW) before being delivered to IndiGo at ST Engineering Aerospace in Singapore. “We are delighted to celebrate the delivery of AerCap’s first A321P2F aircraft with our longstanding customer, IndiGo. The A321P2F
