Korean Air finalized the airline’s order of 30 737 MAXs and two additional 777-300ER (Extended Range) jetliners valued at nearly US$4bn at current list prices. The airline also has options for additional 737 MAXs as part of the order, which was previously announced as a commitment during the Paris Air Show in June. With this
GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, signed an agreement to lease two new Boeing 737 MAX aircraft to Okay Airways Company. The aircraft are scheduled for delivery in 2018 and are part of GECAS’ existing orderbook with Boeing. Okay Airways operates a fleet of more than 30
National flag carrier Air New Zealand and the European turboprop aircraft manufacturer ATR signed a contract for the purchase of 15 additional ATR 72-600s. The deal is valued at some US$375m. The airline, which ordered seven ATR 72-600s in 2011, had already exercised all of its five options as well as converted two purchase rights
Boeing forecasts airlines in the Middle East will require 3,180 new airplanes over the next 20 years, valued at an estimated US$730bn. 70% of the demand is expected to be driven by rapid fleet expansion in the region. According to the Boeing Current Market Outlook (CMO), single-aisle airplanes such as the 737 MAX will command
Emirates Flight Training Academy signed a firm order for five Phenom 100E business jets, plus options for five more aircraft. Deliveries are scheduled to begin in 2017. The Phenom 100E features the most advanced technologies for the present and future needs of flight training academies. Based on Embraer’s 45-plus years of experience in commercial aviation,
Wizz Air Holdings, the largest low-cost airline in Central and Eastern Europe, announced that shareholders approved the proposed purchase of 110 Airbus A321 neo aircraft on November 3rd, at a general meeting held at the offices of the Company in Geneva, Switzerland. József Váradi, Wizz Air Chief Executive said: “We welcome the approval of our
The Pratt & Whitney PW1900G PurePower Geared Turbofan (GTF) engine for the Embraer E190-E2 and E195-E2 aircraft, successfully completed its first flight initiating the engine’s flight test program. The PW1900G engine model, which was assembled at Pratt & Whitney’s Middletown Engine Center in Connecticut, flew on Pratt & Whitney’s 747SP flying test bed at the
Israeli flag carrier El Al has selected Rolls-Royce Trent 1000 engines to power 15 Boeing 787 Dreamliner aircraft and will enter into exclusive negotiations with Rolls-Royce. The airline is also considering entering into TotalCare long term service support for the engines.
Stratos has recently delivered its 21st aircraft in the past twelve months. These include A330/A340 family, ATR72, 757 and A320 family aircraft on a combination of financing, purchasing, selling and leasing transactions in Asia, Europe, North and South America and the Middle East. Stratos has also arranged the leasing of a further four aircraft with
Mitsubishi Aircraft has gained flight approval from the Ministry of Land, Infrastructure, Transport and Tourism for the MRJ (Mitsubishi Regional Jet), their next-generation regional jet. Moving forward, high-speed taxiing tests and evaluations will be performed in preparation for the first flight of the first flight test aircraft of the MRJ, which is scheduled to take
