Aergo Capital (Aergo) has completed the acquisition of twenty 2003-11 Vintage DHC-8-Q400 aircraft from a major financial institution. FPG Amentum acted as agent on the deal. The aircraft were acquired naked. In parallel, LOI negotiations for the lease of a number of these aircraft are progressing. Fred Browne, Chief Executive Officer of Aergo, commented: “In the
Brazil’s Embraer has released that for the first quarter of 2021, it delivered nine commercial jets, and ten light and three large executive jets, a total of 22 planes. Based in São José dos Campos, São Paulo and founded in 1969, Embraer is the world’s third-largest producer of civil aircraft. As of March 31, Embraer’s
JetBlue Airways’ (JetBlue) first Airbus A220-300 aircraft powered by Pratt & Whitney GTF™ engines, has officially entered scheduled service with the first revenue flight from Boston Logan International Airport (BOS) to Tampa International Airport (TPA). The aircraft – which was assembled at Airbus’s U.S. production facility in Mobile, Ala. – is scheduled to operate between
Air Cairo has taken delivery of its first A320neo aircraft. The new aircraft will join Air Cairo’s all-Airbus fleet of seven aircraft. The aircraft is on lease from ICBC Leasing and is equipped with CFM LEAP-1A engines. With improved levels of efficiency, the new aircraft will be deployed on Air Cairo’s regional and international network to
Having filed for Chapter 11 bankruptcy protection in June 2020, Aeromexico has announced it has struck a deal to buy 28 planes from Boeing and also confirmed that it has successfully negotiated discounts of around US$2 billion. Additionally, the carrier has also negotiated more favourable conditions for it existing fleet and leasing contracts with Boeing.
GE Capital Aviation Services (GECAS) has agreed a purchase/leaseback (PLB) arrangement for 14 LEAP-powered Airbus neo aircraft with IndiGo. The deal involves seven A320neo and seven A321neo aircraft which are scheduled to deliver between the fourth quarter of 2021 and mid-2022. GECAS has supported Indigo since the carrier’s inception in 2006 and it is currently
One year after completing the acquisition of the Swiss Company Kopter Group (Kopter), Leonardo has welcomed the SH09 single-engine helicopter as a full member of its product range by rebranding it as the AW09. This step synergizes the two identities of Leonardo and Kopter. The AW09 perfectly complements the existing product range of Leonardo, allowing
Aergo Capital Limited (Aergo) has completed the acquisition of four 2014-15 Vintage ATR72-600 aircraft from a major international financial institution. The aircraft were acquired naked and in parallel, lease documentation is close to being agreed on a number of the units. Fred Browne, Chief Executive Officer of Aergo, commented: “This acquisition demonstrates Aergo’s flexibility and broad
Australia’s Rex Airlines has taken delivery of another Boeing 737-800NG aircraft, the sixth to join the airline’s growing fleet of jet aircraft. The 737, with the registration VH-RYU, touched down in Sydney after emerging from the lessor’s paint facility adorned in the distinctive Rex livery. It will soon enter service on the airline’s domestic network
Boeing has reported that aircraft lessor Dubai Aerospace Enterprise (DAE) is growing its 737 MAX portfolio with an order for 15 737-8 jets. DAE had been investing in the 737 MAX by buying jets from existing customers and leasing them back to the carriers. The new order is DAE’s first direct 737 MAX purchase from
