Finnair has finalised an arrangement, already announced last year as a memorandum of understanding, by which Finnair sells the Airbus A350 aircraft delivered today, to GE Capital Aviation Services Limited (GECAS) and leases back the aircraft for its own operation. The initial lease period is 12 years, and the lease includes extension options. The arrangement
Through two separate secondary market transactions, SKY Aviation Leasing International acquired seven commercial aircraft on lease with five existing customers (airberlin, Gol Linhas Aéreas, Jet Airways, SpiceJet, and Thai Lion Air) and two new customers (Beijing Capital Airlines and China Airlines). Consistent with SKY Leasing’s investment strategy of building a fleet of young mid-life aircraft
RwandAir, the national flag carrier of the Republic of Rwanda, has taken delivery of its first of two Airbus long-haul widebody A330 aircraft. In doing so, it becomes the East African launch operator of the aircraft and Airbus’s newest customer. The A330 is the first wide-body aircraft in RwandAir’s fleet and is configured in a
STS Component Solutions, a division of STS Aviation Group, acquires an LM2500 Aeroderivative Gas Turbine engine. This is the company’s first LM2500 series engine purchase and further broadens STS’ LM support capabilities. The General Electric LM2500 is a turboshaft gas turbine derived from the CF6-50 aircraft engine turbofan. It has additions and modifications designed to
BOC Aviation announced firm orders for five shipsets of V2500 engines to power new Airbus A320ceo family aircraft. These aircraft are part of the Company’s existing orderbook. The V2500 engine is offered through IAE International Aero Engines AG, a multinational aero engine consortium whose shareholders comprise Pratt & Whitney, a division of United Technologies Corporation;
Air Lease Corporation signed long term lease agreements for six new Airbus A321neo aircraft with Air Arabia (Sharjah, UAE). The aircraft are from ALC’s order book with Airbus, delivering between January and October 2019. Air Arabia commenced operations in October 2003 and currently operates a total fleet of 43 new Airbus A320 aircraft, serving some
Malaysia Airlines Berhad (MAB) finalized its order with CFM International for LEAP-1B engines to power 25 firm Boeing 737 MAX aircraft scheduled to begin delivery in 2019. The order is valued at more than US$630m at list price. The airplane order was announced in late July. Malaysia Airlines also has purchase rights for 25 additional
Cebu Pacific, the Philippines’ largest airline, took delivery of the very first ATR 72-600 High Capacity. Configured with 78 seats, this brand new option of the ATR 72 has ten additional seats compared to the standard configuration of the aircraft (68). It therefore combines reduced seat mile costs for airlines and world class comfort for
Independent aircraft leasing company AeroCentury, has completed the purchase of two Bombardier CRJ 900 aircraft already on lease with Adria Airways, a current customer. The transaction was valued at approximately US$37m. Adria Airways is a Slovenian airline and a Star Alliance member that boasts more than fifty-five years of experience in charter and scheduled services.
Azores Airlines SATA International (Portugal) has committed to lease six new Airbus A321neo aircraft, including four A321LR versions, from Air Lease Corporation (ALC). The CFM Leap 1A engine-powered aircraft from ALC’s order book with Airbus will deliver between the fourth quarter of 2017 and early 2021. By way of an extensive transatlantic network, these aircraft
