The lease agreement for a Boeing 777-300ER owned by the fund Doric Flugzeugfonds 5 has been extended earlier than contractually agreed. The lease with Emirates had an initial term of ten years and is now to run until 2021. The aircraft with the manufacturer‘s serial number 35592 was delivered to Emirates in June 2009. By
CIT Aerospace, a global leader in aircraft finance, has delivered a new Boeing 737-800 to Lucky Air, a domestic Chinese airline with a hub at Kunming Changshui International Airport. The aircraft, MSN 41591, is powered by CFM56-7B26 engines. This aircraft delivery continues to build CIT’s relationship with Lucky Air.
TAP Express is the new branded product launched by TAP to replace PGA as of next March 27th, 2016. Up to July, the company will renew its entire fleet, which includes 17 aircraft and is evaluated in the amount of €400m. TAP Express consolidates the commercial designation of the Portuguese airline and reinforces its identity,
Cabot Aviation, a division of Air Partner plc and a leading aircraft remarketing broker, reported that Kenya Airways has entered into a sale agreement with Omni Air International to purchase two Boeing 777-200 ER aircraft, following approval from Kenya Airways’ board. Omni Air International is a US based airline providing global passenger ACMI, wet lease
C&L has completed the sale of a Saab 340B to Airlink International in the Ukraine. The transaction marks the second sale and a years-long relationship between the two companies. Airlink has twice flown their aircraft from Europe to C&L’s Bangor, Maine, facility for maintenance. Airlink leases many of their Saabs out on an ACMI (Aircraft,
Embraer delivered 33 commercial and 45 business jets, 25 of which are light jets and 20 are large, during the fourth quarter of 2015 (4Q15). The company ended the full year with 101 aircraft delivered to the commercial airline market and 120 to the executive aviation market, totaling 82 light and 38 large business jets.
Bombardier Business Aircraft continues to restructure and enhance its business model to improve long-term profitability. To that end, the business segment has completed initiatives to increase the number of direct-to-market channels, including termination of third-party sales representative and distribution agreements, as well as the restructuring of customer commercial agreements. As a result of these agreements,
AerCap Holdings has executed the first placement of ten Boeing 737 MAX 8 aircraft from its order book. Leased to Travel Service, AerCap’s long-time customer and the Czech Republic’s biggest airline company, the aircraft are part of AerCap’s order of 100 737 MAXs placed in June 2015 with deliveries starting in 2019. AerCap is Boeing’s
KLM Cityhopper, KLM’s subsidiary for European operations, confirmed options for two additional E175s. The original contract, covering 17 firm orders (15 E175s and two E190s) and 17 options (all for the E175 version), was announced in March 2015. Options for 15 aircraft of the same model still remain. The two new E175s were included in
SkyWorks reported transactions and activities performed during the fourth quarter of 2015 for its Asset Management, Investment Banking & Management Consulting Groups. Asset Management services, provided through SkyWorks Leasing, involved 65 aircraft in Q4 2015, including the following: SkyWorks provided investment analysis and advisory services to a U.S.-based investor with respect to 55 aircraft of
