XTI Aircraft Company has selected GE’s CatalystTM engine as the core of its TriFan 600 hybrid-electric propulsion system. The two companies will work together to define a series hybrid architecture that will meet the TriFan performance requirements. GE’s Catalyst is the first clean-sheet turboprop engine to hit the general aviation market in more than 30
CAVU Aerospace has acquired a Boeing 747-400 formerly operated by United Airlines. The aircraft was powered by Pratt & Whitney 4000 engines. Bryan Hancock, CAVU Aerospace Founding Partner, mentioned “the demand for B747 material is not fading and securing this material will further help support our customers around the globe. Furthermore, our CAVUSmartTags™ patented process
Korean Air has finalized an agreement with Boeing to order 20 787 Dreamliner airplanes – including 10 each of the 787-10 and 787-9 models – valued at US$6.3 billion according to list prices. Along with an agreement to lease 10 additional 787-10 jets from Air Lease Corporation, the carrier will quadruple its Dreamliner fleet as
Indonesian carrier Lion Air has received its first A330-900, becoming the first airline from the Asia-Pacific region to fly the A330neo. The aircraft is on lease from BOC Aviation and is the first of 10 A330neos set to join the airline’s fleet. The A330neo will be used by Lion Air for non-stop long-haul services from
Airbus Helicopters has secured an ACH160 order from an undisclosed new customer in the Philippines, launching this new model in the Southeast Asia and Pacific region. It will be used for private and business flights within the Philippines archipelago. This aircraft will feature the ACH160 Exclusive version highlighting two wide hinged doors and electrical footsteps
Kellstrom Aerospace has purchased a serviceable CFM56-5B3/P engine, bearing s/n 779656. This engine will be added to its engine Lease pool, reinforcing its commitment to supporting its airline customers around the world. This engine is currently located in Europe.
Elix Aviation Capital has delivered one ATR 42-500, MSN 633, on lease to Afrijet Business Service, headquartered in Libreville, Gabon. This is the first turboprop delivery by Elix to Afrijet. With this new customer, Elix continues to expand its leasing services in the African market. With this ATR 42-500, Afrijet is now welcoming a 6th
Air Lease Corporation (ALC) has signed long-term lease agreements with Vietnam Airlines for two new Airbus A320-200neo aircraft. The two new A320-200neos are scheduled to deliver to the airline in fall 2020 from ALC’s order book with Airbus. Vietnam Airlines currently has two A330-200s and six A321-200neos on lease from ALC, as well as six
BOC Aviation has signed an agreement to sell a portfolio of 17 aircraft to Silver Aircraft Lease Investment I and affiliates (SLVRR 2019-1). To finance a portion of the purchase of the aircraft portfolio, SLVRR 2019-1 has issued three tranches of notes, comprising US$443 million of 3.97% Series A notes (A, Kroll / Fitch Ratings),
Fly Leasing has contracted to sell a portfolio of 12 aircraft, comprised of Airbus A320s and Boeing 737s with an average age of eight years. “These sales are at an aggregate gain to book value, build free cash, reduce leverage, manage lessee concentration and lower the average age of FLY’s fleet,” said Colm Barrington, CEO
