Boeing and Minsheng Financial Leasing (Minsheng) signed a Memorandum of Understanding (MOU) at the Paris Air Show for the purchase of 30 737 airplanes, a mix of Next-Generation 737 and 737 MAX airplanes. As one of the first five leasing companies approved by China Bank Regulatory Committee, Minsheng was founded in April 2008 by China
Boeing and Korean Air announced the airline’s intent to purchase 30 737 MAXs and two additional 777-300ER (Extended Range) jetliners, with options for an additional 20 737 MAXs. The agreement is valued at approximately US$3.9bn at current list prices. Boeing will work with Korean Air to finalize the order, at which time the order will
Air New Zealand, one of ATR’s largest customers in terms of in-service and on order aircraft, today received its most recent ATR 72-600, continuing on its path of growth of the ATR fleet. On the occasion of the delivery ceremony, held at the Paris Airshow, the airline announced as well the purchase of an additional
Garuda Indonesia has signed a Letter of Intent (LOI) with Airbus for 30 A350 XWB aircraft. The agreement was signed at the Paris Air Show by Arif Wibowo, President and CEO, Garuda Indonesia, and Fabrice Bregier, President and CEO, Airbus. Under the Letter of Intent, Garuda Indonesia intents to purchase the A350 XWB. The A350
Pratt & Whitney has completed assembly and is initiating testing of the first PurePower PW1900G test engine at its facility in East Hartford, Connecticut. The PW1900G engine, a derivative of the PW1500G engine, has been specifically designed for installation on the new Embraer E190-E2 and E195-E2 aircraft. The first PW1900G engine will initially conduct ground
Wings Capital Partners announced the purchase of a 2002 Airbus A320-200 adding to their growing portfolio. The aircraft was purchased from Airbus S.A.S., through their Asset Management Group and was subsequently leased to Iberia Express. “This acquisition builds upon long standing relationships we have with Airbus and we are delighted to have closed this transaction
ATR and Sweden-based Braathens Aviation signed a contract for the purchase of 5 ATR 72-600s and 10 optional aircraft as part of the company’s fleet upgrade strategy. Deliveries will commence at the end of 2015. The new aircraft, which will seat 72 passengers, will be operated on the carrier’s regional services in Sweden. The ATR
Cebu Pacific Air (CEB) ordered 16 ATR72 -600 from ATR, the European Turboprop aircraft manufacturer. Cebu Pacific and ATR announced that the deal includes options to acquire an additional 10 ATR72-600, valuing the total aircraft order at US$673m, based on current list prices. The order is part of Cebu Pacific’s fleet renewal program. Cebu Pacific
Qatar Airways announced an order for 10 GE9X-powered Boeing 777X aircraft and four GE90-115B-powered Boeing 777 Freighters. The total engine order for the 20 GE9X engines and eight GE90-115B engines are valued at more than US$1.1bn list price. This order follows Qatar’s order for 50 GE9X-powered Boeing 777X that was placed during the 2013 Dubai
WestJet has signed a firm order for five Bombardier Q400 NextGen aircraft. A firm order for one Q400 aircraft was also signed in March 2015. These transactions are conversions of options previously booked by WestJet. The five firm orders are for delivery in 2016 and 2017.
