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
Air Lease Corporation has announced the lease and delivery of two Airbus A321-200 aircraft to Air Canada. These two young A321 aircraft to Air Canada will support their fleet requirements and expanding network for many years to come,” said John L. Plueger, Chief Executive Officer and President of Air Lease Corporation.
On July 1st, television station WJZ of Baltimore, Maryland took delivery of a new Robinson R66 Newscopter. Owned and operated by CBS, WJZ services the 2.8 million residents in the Baltimore metropolitan area. SKY Helicopters, a longtime Robinson dealer in Garland, Texas, leased the helicopter to WJZ and will provide on-going aviation and technical support.
Aventure Aviation has acquired for teardown a complete Boeing 757-200, MSN 23850, with two Rolls Royce RB211 engines. The dismantling of the former Nepal Airlines aircraft is underway in Kathmandu, while the engines are being relocated to Atlanta. “Our aim has always been to supply quality after-market parts with full trace and useful remaining life,”
Reliance Aircraft has purchased an ex-DHL 757-200 Freighter (MSN 22210), with RB211-535 engines for disassembly. The aircraft is equipped with a Precision Aircraft Solutions cargo door modification and has full RB211 QEC. Terry Hix, President states “This acquisition adds to RAI’s inventory of both Boeing and Airbus aircraft allowing RAI to support its worldwide
Atlantic Airways, the Faroe Islands flag carrier, has taken delivery of its first A320neo, MSN8918. Leased from Air Lease Corporation (ALC), this aircraft is powered by CFM International’s LEAP-1A engines and is configured in an all-economy cabin layout. With its new Airbus fleet member, Atlantic Airways will further develop its European network. The airline, an
Virgin Orbit, Sir Richard Branson’s small satellite launch company, has successfully completed a keydrop test of its LauncherOne vehicle, the last major step in the development programof the company’s novel launch service. In the run-up to its first space shot, VirginOrbit has completed a steady progression of test flights with its “flying launch pad” Cosmic
BOC Aviation has delivered the first of three Airbus A330 Freighter aircraft committed for lease to Sichuan Airlines. All three aircraft are part of the Company’s existing owned and managed portfolio. The remaining two aircraft are scheduled for delivery to Sichuan Airlines in the second half of 2019. Sichuan Airlines is a full service carrier
The combination of Airbus deliveries increasing 28% for the first half of 2019 and Boeing deliveries falling 38% for the same period will likely see Airbus take over the crown of the world’s biggest plane maker by the end of the year, reversing the trend of the past eight years. Boeings reversal of fortune rests
