Dubai Aerospace Enterprise (DAE) has reported its business transactions update for the full year 2020 for its aircraft leasing division, DAE Capital. The number of new underwriting aircraft purchase commitments in the full year 2020 was 55 aircraft (owned: 38; managed: 17) and the number of acquired aircraft was 38 (owned: 23; managed: 15). DAE
Rolls-Royce has announced that it will suspend its UltraFan geared-turbofan jet engine once the current testing phase is completed, which will be in 2022. Over US$800 million has been invested in the program which began approaching seven years ago. The British engine maker has indicated that it is not scrapping the engine but will instead
Skyworld Aviation has ended 2020 with the sale of two Avro RJ 100 aircraft, serial numbers E3245 (SE-DSS) and 3248 (SE-DSU). This transaction marks its 600th aircraft placement. SE-DSS and SE-DSU were sold to CFS Aero, a maintenance and repair facility with EASA Part 145 and FAA Part 145 approval, specializing in Honeywell ALF502 and LF507
ST Engineering, Airbus, and their joint venture Elbe Flugzeugwerke (EFW) have redelivered an A321 passenger-to-freighter (P2F) aircraft to BBAM Limited Partnership (BBAM), a leading aircraft lease management company. This is the first A321P2F redelivery made to BBAM, with several more units to come as contracted with EFW. This first BBAM A321 converted freighter will be
BOC Aviation has posted its operational transactions for the full year 2020, ended December 31, 2020. At the end of 2020, BOC Aviation owned, managed and had on order a total fleet of 553 aircraft. The average aircraft age was 3.5 years and the average remaining lease term was 8.6 years for the 358 owned
Sichuan Airlines has selected Honeywell’s 131-9A auxiliary power units (APUs) for its 93 new A320 aircraft that will enter service by 2025. The airline will also replace the APUs on its 141 existing A320 aircraft with the same Honeywell APU. This is the largest APU retrofit deal in Honeywell’s history. The 131-9A APU will help
Amazon made its first-ever purchase of Boeing 767-300 aircraft, expanding its fleet to continue to serve customers. The purchase includes 11 aircraft, which will join the network by 2022. Amazon Air’s fleet expansion comes at a time when customers are relying on fast, free shipping more than ever. “Our goal is to continue delivering for
Colorful Guizhou Airlines has taken delivery of a new A320neo (MSN10037), marking the first neo from GECAS’ orderbook to enter service having been assembled at the Airbus Tianjin facility. Completing the commitment announced at the 2019 Paris Air Show, this aircraft is the fourth CFM LEAP-powered narrow-body jet on lease from GECAS to enter the
Engine Lease Finance Corporation and Bamboo Airways have completed their first LEAP-1A spare engine sale-and-leaseback transaction. Following this new delivery from CFM, Olaf Knuth (ELF VP Sales & Marketing) commented: “We are delighted to close this transaction with Bamboo Airways and proud to welcome another new customer”.
The new integrated air management system developed and manufactured by Liebherr-Aerospace entered into service with ASL Airlines Ireland – on behalf of FedEx – on December 15, 2020, during the first commercial flight of ATR’s 42/72 aircraft. The newly enhanced system improves on-board comfort for passengers and crew while at the same time substantially reducing
