Regional aircraft leasing specialist TrueNoord has acquired two Embraer E195s on lease to Azul Linhas Aéreas Brasileiras S.A. Financing was provided under TrueNoord’s recent term loan warehouse facility supported by Morgan Stanley, NORD/LB Norddeutsche Landesbank and Barclays. Legal services were provided by Hogan Lovells and Stek. The aircraft were purchased with leases attached from CCB
Vallair, the mature aircraft and engine asset specialist, has closed the sale of a V2500-A5 engine to Sojitz Aerospace. The engine was previously flying on MSN974, an Airbus A321 which Vallair purchased from Aercap and leased to Onur Air. The run-out engine will now be dismantled for Sojitz Aerospace. Vallair continue to lease the airframe
Nordic Aviation Capital (NAC) has committed to lease four Embraer E190’s to Helvetic Airways, the first of which is due to deliver in February 2019. NAC are delighted to welcome Helvetic Airways as a new customer. “We are very proud to welcome Helvetic Airways as our newest customer,” said Martin Møller, Chairman of Nordic Aviation
GOAL German Operating Aircraft Leasing GmbH & Co. KG (GOAL) has arranged, through Irish leasing companies, purchase and lease transactions for three Airbus A321neo aircraft with InterGlobe Aviation Limited (IndiGo). The first aircraft delivery took place on 28th December 2018 and the other two aircraft are scheduled for beginning of 2019. The A321neo is the
Boeing has unveiled its latest model of the Transonic Truss-Braced Wing (TTBW) concept which has been designed to offer unprecedented aerodynamic efficiency while flying at a speed of Mach 0.8. The previous model had been designed to fly at speeds between Mach 0.7 and 0.75. This improvement has come through the presence of a truss
Delta Air Lines has ordered 15 additional A220 aircraft, bringing to 90 the total number of the new generation, highly fuel-efficient jetliners the world’s second-largest airline has on order. The additional orders are the airline’s first for the -300 model. Delta also converted earlier A220 orders to the larger -300, bringing to 50 the number
The first application of the Safran Hybrid-Electric Propulsion System (HEPS), the Bell Nexus, is officially unveiled at the Consumer Electronics Show (CES) in Las Vegas. The propulsion solution of this multi-rotor vertical take-off and landing (VTOL) aircraft is capable of producing more than 600 kWe power. During ground tests last June the system produced 100
Pratt & Whitney’s Singapore engine center, Eagle Services Asia (ESA), a member in the global network of maintenance, repair and overhaul (MRO) facilities that service Pratt & Whitney’s GTF engines, has inducted its first PW1100G-JM engine for overhaul. Eagle Services Asia is a joint venture between SIA Engineering Company and Pratt & Whitney. “The Singapore
ATR and Aurigny have confirmed the acquisition of three ATR 72-600 aircraft, following approval from the States of Guernsey and after the initial signature of a Letter of Intention at the Farnborough Airshow, in July 2018. The first aircraft will be delivered in August 2019 and all three will be equipped with the new ClearVision™
Air Lease Corporation has announced an update on activity taking place in the fourth quarter of 2018: As of December 31, 2018, ALC’s fleet was comprised of 275 owned aircraft and 61 managed aircraft, with commitments to acquire a total of 372 new aircraft for delivery through 2024. ALC has delivered 12 new aircraft including
