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Aircraft & Engines

CIT orders 30 737 MAX 8s

Boeing and CIT Group announced from the 2013 Paris Air Show that CIT Aerospace has placed an order for 30 737 MAX 8s. As of March 31, 2013, CIT owned or financed a fleet of approximately 350 commercial aircraft, including operating lease and financing agreements in place for 128 Boeing aircraft.

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Qantas Group finalizes LEAP-1A order

The Qantas Group finalized its order for CFM International’s advanced LEAP-1A engine to power 78 Airbus A320neo aircraft currently on order. The first aircraft are scheduled for delivery in 2016 and will support Jetstar-branded airlines, the low-fare subsidiary created by the Qantas Group. The engine order, originally announced as a commitment in 2012, has a

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Air Lituanica selects Embraer E-Jets

A new commercial airline in Europe, Air Lituanica of Vilnius, Lithuania, has acquired two Embraer E-Jets. The carrier will launch scheduled service on June 30th with one EMBRAER 170 leased from a third party. In July, Air Lituanica will add another E-Jet, an EMBRAER 175, leased from ECC Leasing Company, a wholly-owned subsidiary of Embraer.

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Korean Air signs commitment to purchase 11 Boeing Twin-Aisle airplanes

Korean Air agreed to purchase five 747-8 Intercontinental airplanes and six 777-300ER (Extended Range) jetliners, valued at approximately $3.6bn at current list prices. Korean Air chose the GE90-115B- engines to power six 777-300 ER and GEnx-2B engines to p0wer five 747-8 Intercontinental airplanes.  Boeing will work with Korean Air to finalize the order, at which

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LATAM selects CFM56-5B engines for A320ceo Family

LATAM Airlines Group signed a memorandum of understanding with CFM International to purchase CFM56-5B engines to power 25 firm A321ceo and five firm A320ceo aircraft, in additional to options for 20 additional Airbus A321ceo (current engine option) aircraft. Once finalized, the agreement will be valued at approximately $1.1bn at list price, including spare engines and

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Tunisia’s Syphax Airlines orders the A320neo and the A320ceo

Syphax Airlines, a new Tunisian based airline, has signed a memorandum of understanding (MoU) to buy three A320neo. The order is the first time an African based carrier has ordered the NEO and marks a significant breakthrough for Airbus in one of the world’s fastest developing markets. Syphax have also ordered three A320ceo aircraft. The

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Rolls-Royce to power new Air Lease Corporation Dreamliners

Rolls-Royce has won an order from Air Lease Corporation, worth $160m at list prices, for Trent 1000 engines to power four Boeing 787-9 Dreamliner aircraft. The order marks the first Trent 1000 selection by the US aircraft leasing company. The Trent 1000 was the first engine to power the 787 Dreamliner into service in October

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