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Aircraft & Engines

Lufthansa Group taking delivery of 23 new aircraft

On February 7th, 2014, Lufthansa’s tenth Boeing 747-8 Intercontinental landed at Frankfurt Airport. The “dash-8” is just one of seven brand-new airliners that will be joining the Group in February and March. Over the next few weeks, these ultra-modern jets will be arriving like pearls on a necklace at Frankfurt: alongside three Boeing 747-8s, Lufthansa

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VietJetAir finalises major A320 Family order

Vietnam’s VietJetAir has finalised a major order for the A320 Family to meet its future expansion plans. The purchase agreement covers firm orders for 42 A320neo, 14 A320ceo and 7 A321ceo, plus 30 purchase rights. In addition the airline will lease eight more A320 Family aircraft from third party lessors. The order was finalised at

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Turkish Airlines orders V2500 engines for new A321s

Turkish Airlines has entered into an agreement under which IAE International Aero Engines AG’s V2500 engines will power 25 new A321 aircraft. This brings the total number of V2500-powered A320 aircraft in their fleet to 110. The deal is valued at $560m. Aircraft deliveries will commence in 2015 and continue through 2017.

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Small Planet Airlines will operate 11 aircraft in 2014

Small Planet Airlines will take delivery of 3 A320s this year. One has already been delivered and two more are expected in spring. A record of 11 aircraft will be utilized by the airline this summer – 9 A320s and 2 737-300s – across its bases in UK, Poland, Lithuania and France. Better economy in

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CFM sees record orders, production levels in 2013

2013 proved to be another record year for CFM International (CFM) with the company logging orders for a total of 2,723 engines, including 1,330 CFM56 engines (commercial, military and spares) and 1,393 LEAP engines (including spares). These orders – the highest level in the company’s 40-year history – are valued at more than $31bn at

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Spain's Binter Canarias signs contract for six ATR 72-600s

ATR and the Spain’s Canary Islands carrier Binter Canarias announced a contract for the sale of six firm ATR 72-600 aircraft, valued at almost $150m. With the acquisition of the fleet of these newest ATR ‘-600s’ the airline will enter into the renewal process of their current fleet of 18 ATR 72s which have been

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GECAS to lease 10 new Boeing aircraft with Myanma Airways

GE Capital Aviation Services, the commercial aircraft leasing and financing arm of GE, signed a contract with Myanma Airways, the flag carrier of Myanmar, to lease 10 new Boeing narrow bodies. Deliveries of the new leased aircraft are scheduled to begin in June 2015 and come from GECAS’ existing order book with Boeing. The contract

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Volaris to lease 16 more new aircraft

Controladora Vuela Compania de Aviacion (Volaris), the ultra-low-cost airline serving Mexico, and the US, has signed a letter of intent with a leading aircraft lessor for 16 aircraft, comprised of ten new A320neo and six new A321neo, driving fleet growth while significantly enhancing efficiency. These NEO aircraft, powered by Pratt & Whitney’s PW1100G engines, will

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Boeing forecasts $1.9 trillion 20-year market for new airplanes in Asia Pacific

Boeing (BA) says strong economic and passenger growth will be main drivers of new airplane demand in the Asia Pacific region. Boeing estimates the region’s airlines will need an additional 12,820 airplanes valued at $1.9 trillion, representing 36% of the world’s new airplane deliveries over the next 20 years. “Asia Pacific economies and passenger traffic

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