EGYPTAIR has taken delivery of its first A321neo from Airbus’ Delivery Centre in Hamburg, making the airline the first African operator of the aircraft. EGYPTAIR has specified a high-comfort, two-class configuration with 16 Business-class seats and 166 Economy-class seats and will increase the airline’s single aisle capacity to the Middle East, Africa and Europe. The
Lease rates on popular aircraft types expected to rise The ACMI market grew significantly last year and will see another major jump this year from long-term players and start-ups alike, according to industry experts. They see a strong need for ACMI in the market right now and it’s only expected to grow – the market
Alliance Airlines has entered into a sale-and-purchase agreement for an additional 30 Embraer E190 aircraft from Dublin-based lessor AerCap. The additional 30 E190 aircraft are currently on lease from AerCap to a U.S. airline and have been operated by the carrier since new. Aircraft deliveries and payments will commence in September 2023 and will be
New narrow-body aircraft base values rose beyond the long-term trend into 2023 and lease rates are forecast to climb further this year, according to data revealed by IBA leading aviation market intelligence and consultancy company. In its latest values webinar, IBA’s ISTAT-certified experts revealed that the base value of a new Airbus A220-300 was US$38.25
Airlines based in the Pacific region will take delivery of 920 new aircraft over the next 20 years, generated by an average growth in passenger traffic in the region of 3.2% per annum, according to the latest Airbus Global Market Forecast. This forecast for new aircraft includes around 750 single-aisle aircraft like the A220 and
Falko Regional Aircraft Limited (Falko) has provided a summary of its fourth quarter and full year 2022 market activity. In the fourth quarter of 2022, Falko delivered two aircraft on lease and extended the leases on a further five aircraft. LOIs (letter of intent) were signed relating to the lease of one aircraft and the
The global ACMI, charter and cargo operator SmartLynx Airlines has received Australian Foreign Air Transport Operator Certificate (FATAOC) granted by the Australian Civil Aviation Authority. The certification allows SmartLynx to begin operations to, from and within Australia. Operating flights to Australia has been integral to SmartLynx’s strategic plans to expand its global network by entering
Singapore Airlines’ low-cost subsidiary Scoot has signed a letter of Intent (LOI) to lease nine brand-new Embraer E190-E2 twin-engine jets from aircraft lessor Azorra. The aircraft will come in a 112-seat configuration and will be scheduled for delivery between 2024 and 2025. The regional jet will be the first to be flown by a Singapore-based
Embraer has delivered 80 jets in the fourth quarter of 2022, of which 30 were commercial jets and 50 were executive jets (33 light and 17 mid-size). Over the year, the company delivered 159 aircraft (57 commercial jets and 102 executive jets). Embraer increased the number of aircraft delivered by 12.7% compared with 2021. As
Gulfstream Aerospace has reached another milestone with the 100th Gulfstream G600 customer delivery. The aircraft was outfitted at Gulfstream’s Dallas completions centre and delivered to a North America-based customer. “The G600 continues to redefine excellence,” said Mark Burns, president, Gulfstream. “Thanks to its highly customisable cabin, fuel-efficient design and exceptional performance capabilities, we are seeing
