Aircraft remarketing specialist Airstream International Group has arranged the lease of an ATR 42-500 aircraft on behalf of Gladiator Leasing Limited. The 2003-manufactured aircraft, serial number 621, was leased to interCaribbean Airways. Airstream continues to enjoy a close relationship with Gladiator Leasing Limited and Erste Bank, having remarketed a number of their aircraft, and is
Boeing is currently reviewing a new technical issue with the software update for the currently grounded 737 MAX jet. “We are making necessary updates,” Boeing said in a statement. Officials at the planemaker have confirmed that the issue relates to a software power-up monitoring function which verifies that certain system monitors are correctly operating. In
GA Telesis (GAT) has completed the acquisition of two Airbus A319 aircraft, which are subject to multi-year leases with Rossiya Airlines. “For many years, Rossiya has been an outstanding airline partner for GA Telesis. Rossiya and GA Telesis have enjoyed a relationship between three GA Telesis divisions and we are very pleased to expand our
China Aircraft Leasing Group (CALC), a full value-chain aircraft solutions provider for global airlines, has reached an agreement with Airbus on its remaining backlog, and includes an additional order of 40 A321neo aircraft. It also includes a conversion of 15 of its existing A320neo backlog into A321neos. Together with a previous order for 11 A321neos,
Airbus has successfully performed the first fully automatic vision-based take-off using an Airbus Family test aircraft at Toulouse-Blagnac airport. The test crew comprising two pilots, two flight test engineers and a test flight engineer took off initially at around 10h15 on December 18 and conducted a total of eight take-offs over a period of four
Pratt & Whitney, along with Airbus and Air Canada have celebrated the entry into service of Air Canada’s first A220 aircraft powered by Pratt & Whitney GTF™ engines. Passengers will be welcomed aboard the A220-300 on January 16, 2020, on its maiden commercial flight between Montreal and Calgary. This entry into service marks a significant
TrueNoord, the specialist regional aircraft lessor, has placed two more new ATR 72-600 aircraft on long-term operating leases with expanding Bangladeshi domestic and international operator, US-Bangla. The aircraft have been financed by Citibank, Société Générale and Royal Bank of Canada under TrueNoord’s revolving warehouse facility. Milbank represented TrueNoord and Clifford Chance advised the banks on
Falko Regional Aircraft (Falko) has provided a summary of its 2019 market activity. In 2019, Falko acquired 49 regional aircraft, sold 11 aircraft and signed lease agreements or extensions relating to a further six aircraft. Total transaction value exceeded US$1billion. As at December 31, 2019, Falko’s portfolio totaled 115 aircraft on lease to 19 customers
Nexcelle’s state-of-the-art nacelles on the COMAC C919 are being put through their paces as all six prototypes for this twin-engine commercial jetliner have now joined the aircraft manufacturer’s flight test program. C919 aircraft no. 6 performed its maiden takeoff in late December last year from Pudong International Airport, located adjacent to COMAC’s Shanghai final assembly
The BelugaXL has entered into service, providing Airbus with 30% extra transport capacity in order to support the on-going production ramp-up of commercial aircraft programs. The aircraft, which is an integral part of Airbus’ industrial system, made its first operational flight on January 9. This is the first of six BelugaXLs to begin work alongside
