Boeing and Air China announced an order for six additional 777-300ER (Extended Range) jetliners. The order is valued at more than US$2bn at current list prices and bolsters Air China’s long-haul widebody fleet as it looks to expand its international network. With this new order, Air China will increase its unfilled airplane orders with Boeing
Lufthansa Technik’s Completion Center has finished the VVIP cabin conversion of the second Boeing 747-8 in Hamburg. The aircraft has now been delivered to an undisclosed customer. Another aircraft of this type is currently undergoing completion. Lufthansa Technik AG has at times equipped three 747-8 in parallel.
BOC Aviation placed an order for 30 Airbus A320 family aircraft at the end of December 2015 as it continues to build on its existing order book to fulfill customer demand. This latest order comprises 18 A320 NEO family and 12 A320 CEO family aircraft. “This order underscores our continued confidence in the reliability and
Vector Aerospace, a global independent provider of aviation maintenance, repair and overhaul (MRO) services, announced extended coverage from its UK facility for Pratt & Whitney Canada’s PW300 turbofan engine. Vector Aerospace’s Fleetlands site in Gosport has been a Designated Overhaul Facility (DOF) for the PW307A (Dassault Falcon 7X), PW308A (Hawker 4000) and PW308C (Dassault Falcon
China Express Airlines (China Express) has placed a firm order for 10 CRJ900 regional jets, raising its total orders for this model of aircraft to 38. With this transaction, China Express has exercised eight previously acquired options for CRJ900 aircraft. To date, 20 of the CRJ900 aircraft ordered by China Express have been delivered. Based
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.
