ORIX Aviation Systems have been appointed as the exclusive remarketing agent in respect of a package of 14 aircraft, consisting of 12 B737 MAX-8 (LEAP 1B engines) and two B787-9 (Trent 1000 engines), on behalf of the secured financiers of the aircraft. All 14 aircraft are currently leased to Norwegian Air Shuttle. ORIX Aviation was
New generation widebody and narrowbody aircraft have seen only modest declines in their market values despite the enormous challenges of COVID-19, according to aviation industry consultant IBA. In its latest Aircraft Values webinar, IBA made no base value changes to new generation widebody aircraft. It ascribes only modest market value changes and the quickest recovery
Embraer’s Praetor 600 super-midsize business jet has been granted a type certificate by Transport Canada Civil Aviation (TCCA). The Praetor 600 has surpassed all its main design goals with its ability to fly beyond 4,000 nautical miles in long-range cruise speed or beyond 3,700 nautical miles at Mach .80 from runways shorter than 4,500 ft,
SAS has selected CFM International LEAP-1A engines to power its new fleet of 35 A320neo Family aircraft ordered in 2018. This agreement also includes eight spare engines. In addition, SAS has signed a Rate-Per-Flight-Hour (RPFH) support agreement with CFM to cover its new fleet of LEAP-1A engines, including spares, as well as 15 additional LEAP-1A-powered
International energy group Shell has selected leading U.S. offshore helicopter operator PHI to operate four Airbus H160s to service a support contract in the Gulf of Mexico. The contract marks the entry into the oil and gas market of the H160 with a wealth of design features promising new levels of safety, comfort, and schedule
Embraer has delivered 71 jets in the fourth quarter of 2020, of which 28 were commercial aircraft and 43 were executive jets (23 light and 20 large), which represents a decrease of ten aircraft in the quarter in comparison with the fourth quarter of 2019. The Company delivered a total of 130 jets in 2020,
Aero Capital Solutions (ACS), a leading mid-life aircraft leasing platform, has acquired twenty A320 family aircraft from easyJet Airline Company on a sale-and-leaseback basis. The transactions were completed in two tranches during 2020. “Working collaboratively with our airline partners, we are able to build highly competitive and tailored solutions which support fleet development needs,” said
United Airlines has completed an agreement to work with air mobility company Archer as part of the airline’s broader effort to invest in emerging technologies that decarbonize air travel. Rather than relying on traditional combustion engines, Archer’s electric vertical takeoff and landing (eVTOL) aircraft are designed to use electric motors and have the potential for
Airbus has handed over the first completed cockpit upgrade for UPS Airlines’ fleet of 52 A300-600 Freighters. The aircraft (MSN868), revitalized with state-of-the-art Honeywell cockpit avionics, was redelivered to UPS on February 3, at Airbus’ U.S. facility in Mobile Alabama following the certification by the EASA on December 22, 2020 and by the FAA on
Willis Lease Finance Corporation purchased twenty-five PW1100G-JM and PW1500G GTF™ aircraft engines from Pratt & Whitney and an affiliate company in December 2020. The transaction also includes a long-termmaintenance and support agreement with Pratt & Whitney and an affiliate company, enabling Willis Lease to offer engines maintained to the highest quality standard through Pratt &
