Asia Pacific Airlines has acquired B-757-200, MSN 25140. The acquisition was arranged by Aerolease Aviation and the asset has entered conversion at Flightsar Aviation in Jacksonville, FL with re-delivery expected in 120 days. The aircraft will return to service after conversion and will be joining two other Asia Pacific 757-PCF’s converted by Precision and operating
Aircraft leasing and trading company Aergo Capital (Aergo) has announced a historic milestone for the company, reaching a portfolio of fifty modern commercial jet and turboprop aircraft, as of December 31, 2018 and valued at US$1.3 billion. This achievement fittingly marks the company’s twentieth year of operation, having been established in 1999 by Fred Browne,
GE Aviation’s Passport, the first ultra-long-range business jet engine, officially entered service on Dec. 20 during a ceremony by Bombardier Business Aircraft celebrating the delivery of its first Global 7500 luxury aircraft. This milestone was complemented by news on Dec. 18 that GE Aviation secured type certification for Passport by the European Aviation Safety Agency (EASA).
Cebu Pacific, the largest low-cost carrier in the Philippines has taken delivery of its first A321neo. The new addition complements the Manila-based airline’s Airbus fleet, which currently includes 43 A320 Family aircraft and eight A330-300 widebodies. Cebu Pacific has ordered 32 A321neo aircraft directly from Airbus, and will receive another five A320neo leased from Dublin-based
Aircraft lessor SMBC Aviation Capital has boosted its total order book for the A320neo Family to 181 aircraft after signing a firm order for an additional 65 A320neo Family aircraft (15 A321neo and 50 A320neo). The order was finalised in 2018 and included in the year-end order figures. In addition the agreement includes an upsizing
At least 20 jets are at the center of a struggle by lessors to obtain possession after the ailing Brazilian airline fell behind with lease payments. Last Friday (Jan.18) Brazil’s aviation regulator ANAC confirmed it would no longer ground ten jets, while another lessor ramped up its efforts to take possession of a further ten
Dubai Aerospace Enterprise (DAE) is continuing to make strong progress in building its managed aircraft portfolio. In 2018 DAE concluded transactions adding 19 aircraft to the portfolio valued at over US$500 million, taking DAE’s total managed fleet to 54 aircraft. DAE is growing its managed portfolio both through sales of assets targeted for divestment and
GA Telesis (GAT) has completed the acquisition of two Embraer E170 aircraft, which are subject to multi-year leases with Republic Airline, last month, which increases its total fleet with Republic to eight aircraft. “Republic Airline has been a great airline partner for GA Telesis, and we are very pleased to increase our exposure to such
Boeing has delivered the first of ten 787 Dreamliners to WestJet, marking the start of the airline’s global expansion. Having long operated a fleet of Boeing single-aisle jets, WestJet will use the super-efficient, long-range 787-9 Dreamliner to profitably serve new international routes. This spring, WestJet will use the 787-9 – the longest-range Dreamliner that can
Austrian Airlines has managed the turnaround after a tough restructuring period and now operates profitably. The airline is also headed towards positive operating earnings in 2018 following strong passenger growth of more than one million customers, comprising a year-on-year rise of 8.5%. The solid demand by passengers and increasing competition in Vienna has led the
