Los Angeles-based aircraft leasing company, Air Lease Corporation (ALC), has signed a Letter of Intent (LoI) for 100 Airbus aircraft, including for the first time 50 A220-300s and 27 A321XLRs. The agreement also includes an incremental order for an additional 23 A321neos. Founded in 2010, this latest order takes ALC’s cumulative orders to 387 Airbus
IndiGo has ordered CFM International LEAP-1A engines to power 280 Airbus A320neo and A321neo aircraft. The contract, which includes spare engines and an overhaul support agreement, is valued at more than US$20 billion U.S. at list price. To support its new LEAP-1A fleet, IndiGo also signed a long-term Service Agreement. IndiGo has been a CFM
GECAS and David Neeleman’s new airline, codenamed ‘Moxy’, have agreed to a Letter of Intent for the purchase and leaseback of nine A220-300 aircraft with deliveries scheduled in 2021 and 2022. Neeleman, a veteran airline entrepreneur, is the founder of both JetBlue and Azul Brazilian Airlines, and the controlling investor in the consortium which has
Embraer has signed a contract with United Airlines for up to 39 E175s at the 53rd International Paris Air Show. The order comprises 20 firm aircraft and 19 options in a 70-seat configuration. The order has a value of US$1.9 billion, based on Embraer’s current list prices, with all options being exercised. The firm order
Airbus and AirAsia have unveiled the first A330neo for the AirAsia Group at the Paris Air Show. The aircraft will be delivered via lessor Avolon in the coming weeks for operation by AirAsia’s long-haul affiliate, AirAsia X Thailand. With capability to reach Europe non-stop from South-East Asia, the A330neo’s increased range and enhanced economics will
GECAS and Colorful Guizhou Airlines have agreed to a lease agreement for four A320neo aircraft from the lessor’s orderbook, with deliveries beginning in late 2019 and continuing into 2020. Headquartered in Guiyang, south west of China, this agreement marks the airline’s foray as a narrowbody operator. With a present fleet of nine E190s and following
With Boeing reducing its output of the 737 MAX which is powered by CFM LEAP engines, CFM International has seized the opportunity to wipe out the current backlog of engine deliveries to Boeing. With Boeing reducing MAX output to 42 units per month as opposed to a previous rate of 52 and also deferring a
Airbus engineers have developed a scale-model aeroplane with the first in-flight, flapping wing-tips that could revolutionise aircraft wing-design. Airbus has drawn on nature to develop its ‘semi-aeroelastic hinge’ concept to reduce drag and overall wing weight, while combating the effects of turbulence and wind gusts. Known as AlbatrossOne, the remote-controlled aircraft has already taken its
12 years after the Mitsubishi Heavy Industries’ (Mitsubishi) MRJ program was unveiled to the world, the Japanese plane manufacturer has announced that the name of the program is to change from Mitsubishi MRJ (Mitsubishi Regional Jet) to Mitsubishi SpaceJet in what the company describes as a move to “redefine the business of regional travel.” The
Airbus has handed over the first A350 XWB to Japan Airlines (JAL) at its headquarters in Toulouse, France. This is the first aircraft produced by Airbus for the Japanese carrier, which has ordered 31 A350 XWB aircraft, comprising 18 A350-900s and 13 A350-1000s. JAL will initially operate the A350-900 on high frequency domestic routes, while
