MTU Aero Engines will be taking a 4% workshare in General Electric’s GE9X program. Germany’s leading engine manufacturer will be manufacturing and assuming design responsibility for the engine’s turbine center frame. Over the life of the program the workshare will be worth around €4.0bn in revenue for MTU. The new engine will be designed to
Thailand’s Bangkok Airways and the European turboprop aircraft manufacturer ATR signed a contract for the purchase of three ATR 72-600s, valued at approximately US$24.6m each. This deal represents the conversion into firm orders of the options included in the deal unveiled earlier this year at the Singapore Airshow (6 firm ATR 72-600s and two options),
Boeing and Emirates Airline have finalized an order for 150 777Xs, valued at $56bn at list prices. First announced as a commitment at the 2013 Dubai Airshow, the order by the world’s largest 777 operator was part of the largest product launch in commercial jetliner history. The order – a combination of 115 777-9Xs and
Turkish regional airline Borajet has ratified an agreement to acquire four E190s as part of an initiative to gradually upgrade its turboprop fleet, add capacity and frequencies, and grow its network from its base at Istanbul’s Sabiha Gökçen International Airport. The airline is acquiring the 100-seat, single-class E190s through a third party lease agreement. The
Avolon, the international aircraft leasing group, issued a trading update for the second quarter of 2014. Avolon took delivery of 13 owned and 2 managed aircraft in the second quarter, secured additional debt commitments of US$920m and ended the period with an owned, managed and committed fleet of 202 aircraft.
Airbus Helicopters signed a record 123 civil helicopters with three customers from various Chinese provinces on July 7h. The rotorcraft will be used for general aviation activities covering multiple missions including utility work, aerial tours, passenger transport, business aviation, emergency medical services and search and rescue. The three contracts were signed with Fujian Xinmei General
AgustaWestland and Australian Helicopters reported the signature of a contract for AW139 intermediate twin-engine helicopters that will be operated for Ambulance Victoria under a 10 year agreement to perform Emergency Medical Service (EMS) missions. The aircraft, which are expected to enter service in January 2016, will be based at Essendon, Bendigo, Latrobe Valley and Warrnambool
GA Telesis added two on-lease A320 aircraft to its GAIN Investment platform. Earlier GA Telesis had announced it raised $500m from institutional and private clients advised by Wafra Capital Partners to establish a new aviation investment vehicle focused on aircraft and engine investment opportunities. The vehicle, named GA Telesis Aviation Investments (“GAIN”), also utilizes GA
Ethiopian Airlines has added an eighth Boeing 787 Dreamliner to its rapidly expanding fleet. The new aircraft was delivered on June 26th. This latest additional aircraft will support the increased frequency of flights between London Heathrow and Addis Ababa as the airline moves to a daily schedule from London Heathrow on July 8th.
Jet Asia Airways and EuroAtlantic Airways signed a wet lease agreement for a Boeing 767. On July 2, 2014, the Boeing 767 was delivered to Lisbon to be operated throughout Europe and Africa on behalf of EuroAtlantic Airways.
