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Aircraft & Engines

Horizon Aircraft successfully completes construction of a 50%-scale prototype VTOL aircraft

Horizon Aircraft (Horizon), an innovative leader in hybrid electric vertical take-off and landing (VTOL) aerial vehicles, has successfully completed the construction of its innovative 50%-scale “Cavorite X5” prototype. Horizon’s innovative approach and technology allows the aircraft to fly 98% of its mission in a very low-drag configuration like a traditional aircraft. Flying most of the

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NAC signs agreement to lease six ATR 72-600s to Air Cairo

Nordic Aviation Capital (NAC) has confirmed that it has executed a lease agreement for six ATR 72-600 aircraft with Air Cairo, based in Cairo, Egypt. Founded in 2003, the airline provides both scheduled and charter flights in the Middle East and Europe and is majority owned by Egyptair, the flag carrier of Egypt.

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Ethiopian Airlines orders first A350-1000 aircraft

Ethiopian Airlines Group, the flag carrier of Ethiopia- and Africa’s largest airline group, has up-sized four of its A350-900 on order to the largest variant of the A350 family, the A350-1000, becoming Africa’s first customer for the aircraft. Ethiopian Airlines has already ordered 22 A350-900s, of which 16 aircraft have been delivered. With the A350-1000

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LCI signs agreement for up to six H175 helicopters with Airbus

LCI, a leading aviation company and a subsidiary of the Libra Group, has announced an order for up to six H175 super-medium helicopters from Airbus, valued at over US$125 million (£103 million). The order is for two confirmed aircraft with the first H175 set to be delivered to LCI in late 2023. The agreement provides

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Corendon Airlines Europe leases one Boeing 737-800 aircraft

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), has delivered one Boeing 737-800 aircraft to Corendon Airlines Europe (Corendon), a Corendon Airlines charter subsidiary based in Malta. “We are very pleased that the Corendon team have put their faith in CDB Aviation to secure the lease of this

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AFG Aviation Ventures No.1 acquires Rolls-Royce RB211-535E4 engine

On July 20, 2022, AFG Aviation Ventures No. 1 (Ireland), a wholly owned subsidiary of Aircraft Finance Germany, has completed the acquisition of one Rolls-Royce RB211-535E4 engine, bearing ESN 31391, from a subsidiary of Florida-based Gryphon Aviation Leasing. The engine is currently on its way to Budapest (Hungary) where it awaits installation on a Boeing

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Qatar Airways orders LEAP-1B engines for new Boeing 737-10 fleet

Qatar Airways and CFM International have signed an agreement for installed and spare LEAP-1B engines to power the airline’s new fleet of 25 firm-ordered Boeing 737-10 aircraft announced at the Farnborough Airshow, along with a services agreement that covers the entire fleet. The national airline of the state of Qatar has been a CFM customer

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