Aircraft & Engines

Boeing and Korean Air marked the delivery of the airline’s first 747-8 Intercontinental. The new fuel-efficient jet is the first of 10 747-8 passenger airplanes the carrier has on order. With this delivery, Korean Air becomes the first airline to operate both the passenger and freighter versions of the 747-8. Korean Air currently operates a

Boeing projected a demand for 6,330 new airplanes in China over the next 20 years. Boeing released its annual China Current Market Outlook (CMO) on August 25th, 2015, in Beijing, estimating the total value of those new airplanes at US$950bn. “Despite the current volatility in China’s financial market, we see strong growth in the country’s

Allegiant Travel Company, based in Las Vegas, Nevada, is continuing to grow its Airbus fleet with a firm order for one A320 aircraft. This marks the airline’s 50th commitment to an Airbus A320 Family member, and the first time they have purchased an aircraft directly from Airbus. Airbus’ Asset Management team structured the deal, which

Avolon Capital Partners, Avolon’s joint-venture aircraft leasing business with Wells Fargo, has acquired an Airbus A321-200 aircraft on lease to Vueling Airlines. This is the eighth aircraft to deliver to Avolon Capital Partners.

Nok Air took delivery of the airline’s first direct-purchased Next-Generation 737-800. The delivery marks the first of seven Next-Generation 737-800s the airline has on order with Boeing. Based in Bangkok, Thailand, Nok Air is a low-cost carrier that operates an all-Boeing fleet of Next-Generation 737-800s.The airline currently operates 18 Next-Generation 737-800 airplanes on lease and

GECAS’ Regional Aircraft Group completed delivery of three leased Embraer E195 aircraft to BoraJet Airlines. BoraJet is a privately owned regional carrier based in Istanbul. It currently operates a fleet of 14 aircraft to 19 destinations in Turkey and surrounding areas.

Dubai Aerospace Enterprise (DAE) announced the following leasing transactions as part of its effort to expand its aircraft leasing portfolio. DAE placed six new ATR 72-600s on long-term lease to Azul Brazilian Airlines for delivery in 2015. Four new ATR 72-600s on long-term lease to Airlines PNG, based in Papua New Guinea. These aircraft are

Boeing and Sriwijaya Air celebrated the delivery of two new Next-Generation 737-900ER (Extended Range) airplanes. This is the first all-new airplane delivery for Sriwijaya Air, Indonesia’s third largest carrier. The Jakarta-based airline operates an all-Boeing fleet of 737 airplanes and offers flights to various Indonesian destinations and a select few international cities. The new 737-900ERs

Qantas chose the GEnx-1B engine to power its recently ordered eight Boeing 787-9 Dreamliners. This engine order is valued at more than US$400m list price. Deliveries will begin in 2017.