Aircraft lessor Aviation Capital Group (ACG) has been mandated by AirBridgeCargo Airlines (ABC) to structure, arrange, and provide a guarantee for a senior loan to finance a portion of the airlines purchase price of one Boeing 747-8F aircraft expected to deliver to ABC in February 2019. The ABC financing mandate was awarded to ACG in
Air Lease Corporation has announced the lease placement of one new Boeing 737 MAX 9 aircraft on long-term lease with Samoa Airways, the flag carrier airline of Samoa. The aircraft will feature two CFM LEAP-1B27 engines and is scheduled to deliver in Spring 2019 from ALC’s order book with Boeing. “This will be the first
Boeing has successfully completed the first test flight of its autonomous passenger air vehicle (PAV) prototype in Manassas, Virginia. Boeing NeXt, which leads the company’s urban air mobility efforts, utilized Boeing subsidiary Aurora Flight Sciences to design and develop the electric vertical takeoff and landing (eVTOL) aircraft and will continue testing to advance the safety
SAS has signed a leasing agreement with ALC (Air Lease Corporation) which means SAS will expand its aircraft fleet with three Airbus A321LR. This gives SAS an opportunity to offer travelers more intercontinental routes, fewer stopovers and shorter travel times to and from Scandinavia. The first aircraft will enter into service in the first half
Airbus Helicopters delivered 356 rotorcraft and logged gross orders for 413 helicopters (net: 381) in 2018 (up from 350 gross orders in 2017), maintaining its lead in the civil & parapublic market while reinforcing its position in the military market thanks to key successes with international campaigns. The company also booked 148 orders for light
In June 2018, Elevate closed on its first transaction, wherein it arranged, structured and managed the lease return of a Boeing 767-300ER (MSN 25449) from American Airlines, and subsequent induction into IAI Bedek (Tel Aviv) for cargo conversion on behalf of a major financial institution. The freighter conversion was completed in December 2018 and the
As part of its 100-year birthday, British Airways will be painting four of its aircraft in much-loved retro designs from across its past, with the first confirmed as a Boeing 747 in a British Overseas Airways Corporation (BOAC) design. The livery from the 1964 – 1974 BOAC era will adorn a B747, reg: G-BYGC. The
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).
