TUI Group finalized an order for 10 Boeing 737 MAX 8 aircraft powered by CFM International’s LEAP-1B engine. The engine order is valued at US$200m at list price. The LEAP-1B engine flew for the first time on the Boeing 737 MAX on January 29, 2016. Since then, three more aircraft have been added to the
Aergo Capital has purchased one Boeing 767-300ER aircraft on lease to Air Italy from FLY Leasing. The transaction was originated and managed by BBAM. The aircraft will continue to be operated by Air Italy on international commercial routes. Aergo Capital also said that it has purchased two B737-900ER aircraft from PT Lion Mentari, operating as
Commercial Aircraft Corporation of China (COMAC), Friedmann Pacific Asset Management (FPAM) and China Aircraft Leasing (CALC), entered into a tripartite cooperative framework agreement in relation to the acquisition of ARJ21 aircraft (subject to further negotiation to enter into a formal binding agreement) at the Farnborough International Air Show. CALC will acquire 60 ARJ21-700 series aircraft
Nir Dagan, Arkia Israeli Airlines’ President & CEO, and John Slattery, President & CEO, Embraer Commercial Aviation, announced at the Farnborough Airshow, a Letter of Intent (LoI) from the airline for up to ten E195-E2 jets, consisting of six firm orders and four purchase rights. With purchase rights exercised, the contract has a potential value
2016 to date is proving to be another strong year for CFM International, with the company booking a total of 1,660 engine orders through June, including 700 CFM56 engines (commercial, military and spares) and 960 LEAP engines (including spares). This total represents more than 100 engines compared to the same period in 2015. Total LEAP
Kalstar Aviation, an Indonesian regional operator and Embraer have signed a firm order for five E190-E2s. The contract also included five purchase rights for the same model, bringing the total potential order to up to ten aircraft. The order has an estimated value of US$582m, at current list price, if all the purchase rights are
Nordic Aviation Capital (NAC) has placed a firm order for four E190 aircraft. The four new E190s were included in Embraer’s 2016 second-quarter backlog and have an estimated value of US$199m, based on Embraer’s list prices. These new aircraft will join the other 69 E-Jets currently managed by NAC worldwide.
Boeing and Xiamen Airlines announced at the 2016 Farnborough International Airshow a Memorandum of Understanding for the purchase of up to 30 737 MAX 200 airplanes, valued at up to US$3.39bn at current list prices. The airline, which is already a 737 MAX customer, sees the MAX 200 as a fit for its low cost
UK based Virgin Atlantic Airways has selected the A350-1000, the largest member of the A350 Family, to become the latest aircraft in its fleet, operating from both London Heathrow and Gatwick airports. The airline is purchasing eight A350-1000s for deliveries commencing in 2019, and four new aircraft on long term leases from ALC from 2020,
Air Lease Corporation, the Los Angeles based aircraft leasing company announced a firm order for three A350-900s and one A321 at the Farnborough Airshow to meet strong market demand for more modern and fuel-efficient aircraft. Including this latest announcement, ALC’s portfolio of Airbus aircraft stands at a total of 267, of which 70 are widebodies
