International aircraft leasing company Avolon has completed the delivery of five new Boeing 737-8 MAX aircraft to Akasa Air, India’s newest airline. Delivery of the aircraft commenced in December 2022 and was completed in January 2023. This sale and leaseback transaction is Avolon’s first deal with Akasa.
C&L Aerospace, a C&L Aviation Group company, continues to increase support for ATR operators by purchasing five ATR PW127F engines. With the addition of these five engines, C&L has now purchased twenty PW127-series engines since starting its ATR programme in 2019. Three of the engines are currently for sale, with the rest being sold or
Swedish electric airplane developer Heart Aerospace has been selected as a long-term partner for Air New Zealand’s Mission Next-Gen Aircraft partnership for the replacement of the airline’s Q300 domestic fleet with a more sustainable option from 2030. Heart Aerospace was selected alongside Airbus, ATR, Embraer, and Universal Hydrogen. Air New Zealand’s Mission Next-Gen Aircraft was
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), has delivered two Boeing 737-800 aircraft to a new customer, Milan-based NEOS S.p.A. (Neos). NEOS, which operates services from Italy and Europe to the Americas, Asia and Africa, plans to deploy the two aircraft, configured with 186 single-class seats, on
Norwegian has seen a 78% boost in January passenger numbers compared to January 2022, having carried 1,131,474 passengers in what is traditionally a quiet month for travel. “People traditionally travel less in January, instead using this time of year to book their next travels. Nevertheless, we had close to full flights to warmer destinations this
AerCap has signed lease agreements for four Boeing 777-300ERSF aircraft with Hong Kong-based global air cargo charter company Fly Meta. The aircraft are scheduled to deliver in 2024 through 2025. The Boeing 777-300ERSF, also known as ‘The Big Twin’, is the first passenger-to-freighter aircraft conversion programme of the Boeing 777-300ER and will be the largest
Aircraft remarketing specialist Airstream International Group has arranged the sale of two ATR 42-500 aircraft on behalf of Hawaiian Airlines. The first aircraft, serial number 594, was sold to NTE Aviation in the U.S. and the second, serial number 625, to Rise Air in Canada. These are the fourth and fifth aircraft out of seven ATR’s
SkyWorks Holdings has released transactions and activities performed during the fourth quarter of 2022 for its Leasing and Asset Management and Investment Banking & Advisory Groups. Leasing & Asset Management Group activities included the following:On behalf of an institutional investor client, SkyWorks arranged the lease extension of two Airbus A319-100 aircraft on lease to American
With the delivery of the last commercial Boeing 747 to roll off the production line at its plant at Everett, Washington, the American planemaker is closing the final chapter in an over-fifty-year history of one of the world’s most iconic aircraft. The plane has been handed over to Atlas Air. The switch from airlines to
Leonardo and Safran Helicopter Engines have joined forces to further enhance the capabilities and competitiveness of the next-generation AW09 single-engine helicopter. The production aircraft will feature the 1,000 shp class of power Arriel 2K engine, the newest generation of the Arriel family. The selection of the new engine guarantee the most efficient level of industrialisation,
