AerCap Holdings (AerCap) has announced its major business transactions during the full-year 2022. The company reported that it signed 570 lease agreements and completed 118 purchases during the full-year 2022. AerCap completed 207 sale transactions during the year and signed finance transactions of approximately US$ 4.2 billion. During the fourth quarter the company signed 159
The US Federal Aviation Administration (FAA) confirmed on Saturday that it is to partner with the Korea Office of Civil Aviation (KOCA) future Advanced Air Mobility aircraft development and operations. According to the FAA the signed agreement will see the two counties collaborate and share information on advanced air mobility projects and work together to
On December 30, 2022, GOAL Aircraft Leasing Ireland successfully delivered two new ATR72-600 aircraft to InterGlobe Aviation, India (IndiGo). The aircraft are part of a package of four ATR72-600s and are equipped with the brand-new PW127XT engines. These aircraft will be on a long-term lease to IndiGo and are supporting IndiGo’s regional fleet expansion. The
Nordic Aviation Capital (NAC) has confirmed that it has executed lease agreements for two additional Embraer E175 jets with Star Air, a fast-growing regional carrier based in Bangalore, India. The airline currently has a fleet of five E145 jets and plans to commence operation with E175 jets in the first quarter of 2023 connecting 18
Stellantis N.V. (Stellantis) and Archer Aviation (Archer) have announced their intention to strategically strengthen the already existing partnership between the two companies with a view to producing Archer’s flagship Midnight electric vertical take-off and landing (eVTOL) aircraft. The intention is for production to commence at the new Archer facility at Covington Georgia. The Midnight eVTOL
Dubai Aerospace Enterprise has released that DAE Capital, aircraft lessor and financier, has acquired 94 aircraft in 2022 (owned: 46; managed: 48) and sold 33 aircraft (owned: 10; managed: 23). Furthermore, the company signed 143 lease agreements, extensions and amendments in 2022 (owned: 121; managed: 22). At the end of 2022 the company´s fleet size
Horizon Aircraft, an innovative leader in hybrid electric vertical take-off and landing (VTOL) aerial vehicles, has successfully completed initial hover-testing of its “Cavorite X5” scale prototype. Brandon Robinson, CEO of Horizon Aircraft said, “This aircraft has exceeded expectations during initial hover-testing. It is extremely stable, is capable of full hover at only 65% power, and
Majority state-owned global lessor BOC Aviation has announced that it has placed an order with Boeing for 40 more of its fuel-efficient 737 MAX 8 aircraft. The aircraft are scheduled for delivery during 2027 and 2028. This takes BOC’s total order book with Boeing for the 737 MAX 8 to 80 aircraft. Originally known as
The first two of 50 Embraer E195-E2 jets ordered by Porter Airlines (Porter) have been delivered in a ceremony at Embraer’s HQ in Brazil. In the run up to the New Year Embraer will deliver a further three aircraft to Porter. Porter, the North American launch customer for Embraer’s E195-E2, is opening up operations throughout
Elbe Flugzeugwerke GmbH (EFW), centre of excellence for Airbus Passenger-to-Freighter (P2F) conversions, re-delivered its tenth A330-300P2F aircraft to DHL Express in time for the Asian high-season for e-commerce and cargo demand. DHL Express, launch customer for EFW’s A330-300P2F programme, is currently the biggest operator of the A330-300P2F. DHL Express’ A330-300P2F fleet will continue to grow,
