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
Ethiopian Cargo and Logistics Services, a division of the Ethiopian Airlines Group, has committed to lease the first two Boeing 737-800 freighters (737-800SF) converted by Aeronautical Engineers (AEI) from GECAS, with the first delivery expected in June of 2018, followed by a second in January of 2019. Ethiopian Cargo and Logistics provides airport–to–airport services across
Dubai Aerospace Enterprise (DAE) has released that it completed the acquisition of AWAS, catapulting DAE into the top tier of global lessors. The company has lunched its inaugural ABS ‘Falcon 2017-1’ in February 2017 and sold the E notes to sophisticated US capital markets investors. DAE has issued its inaugural US$2.3bn benchmark bond in the
Airbus has completed assembly of the first A321neo ACF (Airbus Cabin Flex) at its facilities in Hamburg. The aircraft powered by CFM Leap-1A engines will undergo ground tests prior to its scheduled first flight in the coming weeks. First delivery of an A321neo ACF to a customer is scheduled for mid-2018. The A321neo ACF is
