BOC Aviation’s portfolio comprised 318 owned and managed aircraft, with an average aircraft age of 3.0 years and an average remaining lease term of 8.2 years for the owned aircraft fleet, weighted by net book value. BOC Aviation had an order book of 173 aircraft and took delivery of 28 aircraft in the fourth quarter
Boeing has unveiled a new unmanned electric vertical-takeoff-and-landing (eVTOL) cargo air vehicle (CAV) prototype, that will be used to test and evolve Boeing’s autonomy technology for future aerospace vehicles. It is designed to transport a payload up to 500 pounds for possible future cargo and logistics applications. In less than three months, a team of
HAECO Xiamen has redelivered YTO Cargo Airlines’ first Boeing 757-200 converted freighter with Supplemental Type Certificate (STC) partner Precision Aircraft Solutions. HAECO Xiamen has partnered with Precision on the Boeing 757-200 passenger-to-freighter conversion since 2010, having completed 18 such converted freighters.
Falko Regional Aircraft (Falko), an aircraft operating leasing and asset management company focused on the regional aircraft sector, has added ten ATR 72-500 aircraft to its portfolio. The aircraft will be operated by PT Wings Abadi, the regional airline part of the Lion Air Group (Lion) in Indonesia. “We are delighted to have completed this
CFM International has finalized the agreement with Spring Airlines for the purchase of 120 LEAP-1A engines to power 60 Airbus A320neo aircraft. The agreement was signed in conjunction with French President Emmanuel Macron’s visit to China. In addition, the airline signed a 10-year Rate for Flight Hour agreement, under the terms of which CFM will
Boeing and Turkish Airlines have signed an order for three more 777 Freighters in December 2017, just weeks after the carrier took delivery of two of the large cargo jets as part of its plan to further expand its freight business. “These freighter orders will surely contribute to our significant target for establishing a young
Precision Aircraft Solutions continues to ramp up its conversion activities with three, B757PCF’s redelivered last month. These customers include SF Express and YTO with its very first redelivery from Precision. Conversion of the 757-200 aircraft, MSN 29423 was performed at Flightstar in Jacksonville, FL., MSN 29217 was performed at HAECO Xiamen in China and MSN
The first structurally complete airframe for the new BelugaXL rolled out from its assembly hangar in Toulouse, France this month. Once operational, a fleet of these next-generation airlifters will be used to transport completed sections of Airbus aircraft among the company’s European production sites and to its final assembly lines in France, Germany and Spain.
Avolon, the international aircraft leasing company, has issued an update for the 2017 fourth quarter. The aircraft leasing company has delivered 45 new aircraft and sold 44 owned and managed aircraft in the fourth quarter 2017. The company completed the US$10.4bn acquisition and integration of CIT’s aircraft leasing business. Avolon has increased its owned, managed
TrueNoord, the regional aircraft lessor, has concluded the increase of an existing term financing facility with DVB bank for the purchase of a 2012 vintage Embraer E190 aircraft from Air Astana, which will continue to be operated by the airline under the terms of a sale-lease back transaction. This aircraft increases TrueNoord’s Embraer portfolio to
