FLY Leasing, a global lessor of modern commercial jet aircraft, has acquired two Boeing 737-700 aircraft on lease to Brazilian low-cost carrier GOL Airlines. FLY now has a fleet of 111 commercial aircraft on lease to 54 airlines in 29 countries.
An agreement was signed with R&R Aviation on the last day of the Singapore Airshow for two brand new Eurocopter EC130 B4, marking Eurocopter’s breakthrough into the Bangladeshi market with its first new civil helicopter sale. This achievement capped Eurocopter’s successful outing at the Airshow this year, where it also inked deals for four new
BOC Aviation has signed agreements with Hong Kong Dragon Airlines (“Dragonair”) for the lease of four new A320-200 aircraft. Two aircraft will be delivered by the end of this month and the other two in the last quarter of this year. All four aircraft are powered by IAE2527-A5 SelectOne engines. This is the first time
United Airlines, represented by its remarketing agent Bristol Associates, has completed the sale of a UAL-owned 1997 vintage B747-422 (N196UA/Msn 28715) to Scaled Composites, (California). The aircraft will become part of a project to build the world’s largest aircraft to serve as a mobile platform for low cost satellite launches.
Beijing Municipal Public Security Bureau has signed a contract for two AW139 medium twin helicopters. These aircraft, which add to one AW109 Power and two CA109 Power light twins already in service with this customer, will be used to perform law enforcement, fire fighting and air rescue operations in and around Beijing.
El Al Israel Airlines has signed an agreement to sell and lease back two CFM engines, 56-7B, for an amount around $13-14m. EL AL leased back those engines for a period of 7 years at a lease rate of 0.75%-1.2% per month with an option to extend the contract by 5 years. As a result
Boeing and Pakistan International Airlines announced a firm order for five 777-300ER (extended range) airplanes. Valued at nearly $1.5bn at list prices, the order also includes purchase rights for five additional 777-300ERs. Based in Karachi, Pakistan International Airlines has been renewing its long-haul fleet to accommodate increased demand for air travel as well as to introduce
Embraer recently delivered the 300th Phenom jet, capping off the latest series of milestones which includes the assembly and first flight of the initial aircraft from the Company’s year-old Melbourne facility in Florida, USA. Embraer recently shifted global operations for its business jets from Brazil to Melbourne, where it is creating 200 engineering and technical
The A350 XWB’s new engine – the Rolls-Royce Trent XWB – has successfully made its maiden flight aboard Airbus’ dedicated A380 “Flying-Test-Bed” aircraft. The aircraft took off from Airbus facilities in Toulouse and performed a flight of more than five hours during which the engine covered a wide range of power settings at altitudes up
Rolls-Royce is to provide Philippines airline Cebu Pacific with long-term TotalCare service support for Trent 700 engines on up to eight Airbus A330 aircraft. The contract will be worth up to $280m. Cebu Pacific will use the aircraft to launch long haul operations in the second half of 2013 and these will be the first
