The Pearl 700, the exclusive engine for the brand-new Gulfstream Aerospace flagship Gulfstream G700 and Gulfstream G800 business jet aircraft, has received official certification from the European Union’s Aviation Safety Agency (EASA). The pioneering engine, which was developed at the Rolls-Royce Centre of Excellence for Business Aviation engines in Dahlewitz, Germany, was custom designed to power two
With air travel and tourism continuing to drive Middle Eastern economic growth, Boeing estimates that the region’s passenger traffic and commercial fleet are projected to more than double over the next two decades. The company announced its estimate in the 2022 Boeing Commercial Market Outlook (CMO), a forecast of 20-year demand. Middle Eastern carriers have
Nordic Aviation Capital (NAC) has released that it has signed multiple new lease agreements in the last week. The company will lease two ATR 72 aircraft to VOEPASS, a leading regional carrier based in Ribeirao Perto, Sao Paulo, Brazil. Another agreement was signed with Braathens Regional Airways AB, a scheduled carrier based in Stockholm, Sweden,
As part of Air Canada’s commitment to become a net-zero carbon emissions operator by 2050, the flag-carrying airline has agreed to purchase 30 ES-30 hybrid-electric aircraft from Sweden’s Heart Aerospace. In addition, as part of Air Canada’s commitment to reducing carbon emissions, it is also acquiring a US$5 million equity stake in the Gothenburg, Sweden-based
Pratt & Whitney Canada, an offshoot of Pratt & Whitney, has announced it has received Type Certification from Transport Canada Civil Aviation for its PW812GA engine. This engine was chosen in in October 2021 to power the latest Gulfstream G400TM business jet. Once operational, the G400 will be the third Gulfstream jet to be powered
Specialist regional aircraft lessor TrueNoord, has completed the purchase agreement for multiple new E195-E2 aircraft from Embraer. The next-generation jets will join Porter Airlines’ growing fleet on a long-term operating lease. All six aircraft are to be delivered in 2023 and are part of Porter’s first firm E2 order for 30 E195-E2s, confirmed in 2021.
Boeing estimates that intra-regional and domestic networks across the African content will grow with a robust 6,1% compound annual growth rate, driving twenty-year demand for 1,010 new airplanes by 2040 valued at US$176 billion (£153 billion) . With Europe remaining the most prominent origin/destination for African carriers, overall African air traffic growth is forecasted at
Titan Aircraft Investments, the joint venture between Titan Aviation Holdings, Inc. and Bain Capital Credit, has announced the placement of three Boeing 767-300ER converted freighters on long-term dry leases with Ethiopian Airlines Group. Ethiopian Airlines is expected to take delivery of the first of these aircraft later this month, with the second delivery planned for
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), has reported the delivery of the last of ten Airbus A320-200 aircraft to Indonesia’s newest low-cost airline, Super Air Jet (SAJ). The aircraft were delivered to the carrier over a period of 18 months and are intended to support the
Air Lease Corporation (ALC) has announced long-term lease placements for two new Airbus A321neo LR aircraft with HiSky. Scheduled to deliver to the European carrier in March 2023 from ALC’s order book with Airbus, these two new A321neo LRs join one Airbus A319 and four A320s currently on lease to the airline from ALC and
