Etihad Airways’ has signed a Letter of Intent (LoI) for seven A350F freighters to add to its existing fleet of five A350-1000 passenger versions. The announcement was made at the Singapore Airshow 2022. Etihad has also selected Airbus’s Flight Hour Services (FHS) to support its entire A350 fleet.
Los Angeles, California-based Air Lease Corporation (ALC), has announced that it has placed 25 Boeing 737-8 aircraft with Malaysian Aviation Group (MAG), the parent company of Malaysia Airlines. Deliveries are due to commence in early 2023 and will continue through until 2026, the planes coming from ALC’s order book with Boeing. Izham Ismail, Group Chief
Pratt & Whitney Canada (P&WC) has added a new lease-to-own option to its growing portfolio of spare engine solutions. The portfolio, launched in 2020, also includes flexible options such as long-term leasing and on-wing leasing, complementing the existing short-term rentals offering to customers who are looking to prioritise their spending, reduce costs, better plan their
Eve and Microflite, one of Australia’s premier helicopter operators, have announced at the Singapore Airshow an order of up to 40 low-noise zero-emission eVTOLs (electric vertical take-off and landing) aircraft to support the commencement of new electric UAM (Urban Air Mobility) operations in Australia in 2026. Microflite and Eve plan to begin their partnership using
JetBlue has announced an agreement to exercise its option to add 30 additional Airbus A220-300 aircraft to its order book, bringing the total number of A220s in the airline’s fleet and on order to 100. The aircraft’s strong economics and operational performance are a key to JetBlue’s long-term cost performance, while also enabling more sustainable
Aergo Capital Limited (Aergo) has completed a sale-and-leaseback of the first of three B737-8 aircraft with Lynx Air (Lynx), Canada’s newest ultra-affordable carrier. Each of the three aircraft will be financed with equity provided by CarVal Investment funds and debt arranged by AV AirFinance. Fred Browne, Chief Executive Officer of Aergo, commented: “We are extremely happy to
Singapore Airlines (SIA) has finalised a purchase agreement with Airbus for seven A350F freighter aircraft at the Singapore Airshow . The order firms up the carrier’s commitment to the new-generation freighter announced by the plane maker in December 2021. The newly ordered aircraft will replace the carrier’s existing 747-400F fleet from the fourth quarter of
American Airlines has signed a firm order with Embraer for three new E175s. The aircraft will be operated by American Airlines’ wholly owned subsidiary, Envoy Air. With deliveries to be completed this year, Envoy’s fleet of E175s will grow to over 100 aircraft by the end of 2022. The contract value is US$160.2 million at
BOC Aviation has announced orders for eight shipsets of CFM International LEAP-1A engines to power new Airbus A320neo-family aircraft on order from Airbus and scheduled for delivery in 2023. CFM International is a 50/50 joint company between GE and Safran Aircraft Engines and produces engines for both the Airbus A320 family and Boeing 737 series.
According to Airbus’ newest Global Market Forecast, the next 20-year passenger traffic growth of 5.3% per annum and accelerated retirement of older less fuel-efficient aircraft will see the Asia-Pacific region require 17,620 new passenger and freighter aircraft. Nearly 30% of these will replace older less fuel-efficient models. In a region which is home to 55%
