Nordic Aviation Capital (NAC) has executed a lease agreement for one ATR72-500F and one ATR42-600 with Loganair, based in Glasgow, Scotland. Founded in 1962, Loganair is a scheduled carrier and cargo operator with a fleet of ATR’s operating within the UK and Europe. The company also executed a lease agreement for two E175s with Star
Atlas Air and MSC Mediterranean Shipping Company SA have entered into an agreement that enables MSC to expand its reach and capacity for its customers. Under the terms of the long-term ACMI (aircraft, crew, maintenance and insurance) agreement, Atlas Air will operate all four of its new and incoming Boeing 777-200 freighters on a global
Xiamen Airlines has placed a firm order for 40 A320neo-family aircraft switching to Airbus for its fleet growth, making the airline the newest Airbus customer. The agreement was announced by the carrier’s major shareholder China Southern Airlines to the Shanghai Stock exchange. The A320neo family incorporates new-generation engines and sharklets, which together deliver more than
European low-cost carrier Wizz Air has given notice to Airbus to exercise its purchase rights in relation to 75 Airbus A321neo aircraft. The 75 additional A321neo aircraft, most of which are expected to be delivered in 2028-29, underpins Wizz Air’s ambitious goal of more than tripling the size of its fleet by the end of
Airbus has announced that it has signed a Memorandum of Understanding (MoU) with Ecocopter to expand urban air mobility (UAM) services in a number of Latin American countries with the intent to create a fully functioning UAM ecosystem in the region. Initially the partnership will involve the exploration and definition of launch scenarios for air
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
