SAS has secured a Pre-Delivery Payment Financing Facility (PDP Facility) with DVB Bank covering a portion of the pre-delivery payments that SAS is making for five Airbus A320neo under the aircraft order with Airbus. The PDP Facility is structured as a revolving credit facility under which SAS may draw up to US$46m. Through this agreement,
Air Lease Corporation has sold 25 ATR aircraft in its fleet to Nordic Aviation Capital A/S. These ATR aircraft have served ALC well in meeting the demand from airline customers operating shorter sector lengths. As the business has matured, ALC has focused more on its mainline jet aircraft operations with these turboprop aircraft now accounting
Intrepid Aviation announced the financing of one new Airbus A330-300 with DVB Bank. The aircraft delivered December 18th on long-term lease to Evelop Airlines. In addition, Intrepid Aviation also announced the financing of a second new Airbus A330-300 on long-term lease to EVA Airways. The transaction was arranged by Credit Agricole CIB as Mandated Lead
Finnair has entered into a memorandum of understanding with GECAS, on the sale and leaseback of two Airbus A350 aircraft. The financing will cover Finnair’s 6th and 7th A350 deliveries, which are currently scheduled to enter the Finnair fleet in July 2016 and February 2017, respectively. The value of the transaction at present foreign exchange
GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, reported delivery of a leased Airbus A320 to low-cost carrier VivaColombia. VivaColombia has a fleet of nine Airbus A320s, including this aircraft, operating on 20 domestic routes within Colombia and six international routes to Panamá, Quito, Lima and Miami.
BeauTech Power Systems, has acquired an Embraer E-190 aircraft, powered by CF34-10E engines, from Boeing Capital Corporation. The ten year old aircraft was previously operated by Air Canada. BPS is a leading regional aircraft leasing and engine supplier, specializing in the CF34 engine models manufactured by GE.
Embraer has delivered the first two E195 jets to Tianjin Airlines, the launch customer of this aircraft model in China. These two aircraft are part of the sales agreement Tianjin Airlines signed with Embraer in 2014 for 20 E195 and 20 E190 E2 jets, during Chinese President Xi Jinping’s visit to Brazil. Currently, Tianjin Airlines
GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, today announced it completed a purchase-and-leaseback transaction involving two new Airbus A350-900 XWB aircraft with Finnair. The aircraft delivered in October and December and are part of Finnair’s long-haul fleet renewal program.
Turkish Airlines has signed a definitive agreement for Pratt & Whitney’s PurePower PW1100G-JM engines to power its order of 92 firm A321neo aircraft, the largest engine order in Turkish Airline’s history. The order was originally announced during the 2015 Paris Air Show as a Memorandum of Understanding with 72 firm and 20 option aircraft. Deliveries
Delta Air Lines will add up to 20 Embraer 190 and 20 new Boeing 737-900ER jets acquired through a new agreement with Boeing. The agreement is part of the airline’s continued strategy to improve its efficiency by adding additional 737-900ERs and upgauging its mainline fleet with the nearly 100-seat, twin-engine E190 jets while reducing the
