Wizz Air reported the closing of a sale and lease back transaction with Avolon, the international aircraft leasing group, for three new Airbus A320 aircraft to be delivered in the first half of 2012. This is the first sale and lease back transaction between Wizz Air and Avolon under the terms of which Avolon will
FLY Leasing completed the acquisition of a $1.4 billion portfolio of 49 aircraft. These 49 aircraft increase FLY’s fleet to a total of 109 aircraft on lease to 53 airlines in 29 countries. The purchase price was fully funded from FLY’s existing unrestricted cash and the assumption of existing non-recourse debt. The portfolio consists of 23 Airbus
Airbus has completed installation of the first Rolls-Royce Trent XWB flight-test engine on the A380 “flying-testbed” aircraft (MSN 001). The aircraft and engine will now be prepared for the flight-test campaign commencing in the coming weeks. The Trent XWB engine, which is the largest Rolls-Royce turbofan with a 118-inch diameter fan, has been specially designed to
Air Lease Corporation reported continuing lease placements and acquisitions of 12 additional aircraft. ALC has concluded the following lease placements from its order book: – one new Airbus A330-300 leased to Asiana Airlines (Korea). – two new Boeing 737-800s (MSNs 41299 and 41300) leased to Korean Airlines – two new Embraer 190 LRs leased to Aeromexico.
Embraer closed the third quarter of 2011 (3Q11) having delivered 28 commercial and 18 executive jets. The firm order backlog totaled 16 billion. In the months of July, August and September, Embraer closed the sales of 17 E-Jets: two EMBRAER 190s to GECAS and another ten to Kenya Airways, as announced in June during the Paris Air Show, as
Virgin Australia launched commercial services with the first of its new ATR 72-500 turboprop airliners. The inaugural flight of Virgin Australia’s first turboprop – and Australia’s first ATR 72 – was also the airline’s first flight from Brisbane to the regional industrial city of Gladstone. Perth-based Skywest will operate the new ATR services on behalf of Virgin
Doric Asset Finance reportec the addition of a 10th Airbus A380 aircraft to its aircraft portfolio under management. Doric Nimrod Air Two Limited (“DNA2”) took delivery of MSN 077 at the Airbus delivery centre in Hamburg. The aircraft is leased to Emirates for a period of 12 years. The Airbus A380 was purchased for US$ 234
Airbus has delivered the first A380 to China Southern Airlines. During a celebration ceremony at the Airbus Delivery Centre in Toulouse, France, the first out of five aircraft ordered was handed over from Airbus President and CEO, Tom Enders to China Southern Airlines Chairman, Si Xianmin. China Southern Airlines becomes the first operator of the A380
Pratt & Whitney Canada’s PW306D engine has been selected by Cessna Aircraft Company to power its new Citation Latitude mid-size business jet. The announcement was made at the National Business Aviation Association (NBAA) annual meeting and convention in Las Vegas, Nevada. First flight of the Citation Latitude prototype is planned to be mid-year 2014, with FAA certification (Part 25)
Spanish Airline Air Europa has achieved TRUEngine status for 29 CFM56-7B engines powering its fleet of Boeing 737-800 single-aisle aircraft. The TRUEngine program, which CFM launched in 2008, was developed in response to a growing industry need to better understand engine material content as assets are evaluated and redistributed. TRUEngine qualification ensures CFM’s ability to
