ICBC Financial Leasing Co., a subsidiary of Industrial and Commercial Bank of China (ICBC), signed a Memorandum of Understanding with CFM International to purchase CFM56-5B engines to power a new fleet of 22 firm Airbus A320 family aircraft. The firm engine order, which includes three spare engines, is potentially valued at more than $450 million U.S. at
ATR has recorded 145 firm aircraft orders and an additional 72 options since the beginning of the year. The value of these orders is estimated at 3.2 billion dollars (4.8 billion including the options). These figures already represent a new annual record for the European manufacturer of regional turboprop aircraft (previous record; 2007: 113 firm
Air Lease Corporation (ALC) has ordered 2 new ATR 72-600 regional turboprop aircraft. ALC already booked an order in 2010 for 10 ATR 72-600s, plus options for 10 additional aircraft. This latest contract is the conversion of two of these ten options. The two aircraft are valued at a list price of $45 million. Deliveries of these
GE Aviation and Iberia Maintenance have signed an agreement that will provide Iberia with OEM technical support for its maintenance and repair services on CF34-8C/E engines. This agreement expands Iberia’s current overhaul capability of the CF34 engine family and licenses GE’s engine maintenance technology. Iberia is also working with GE to develop a high-pressure compressor
European turboprop manufacturer ATR and Danish regional aircraft leasing company Nordic Aviation Capital (NAC) signed a contract for the purchase of 10 ATR 72-600s and 2 ATR 72-500s, plus options for 10 additional ATR 72-600s. The total amount of the deal, including options, is valued at $500 million. The 10 firm ATR 72-600s and the
Avianca, part of the airline group AviancaTaca Holdings, has signed a firm order for four Airbus A330-200 Freighter aircraft. The new aircraft will be operated by Avianca’s cargo subsidiary Tampa. Avianca will announce its engine choice at a later date. The A330-200 Freighter will replace Tampa’s current cargo fleet and play a key role in expanding
MTU Aero Engines has taken an 18% share in the PurePower PW1100G-JM engine program which is currently being developed for the emerging Airbus A320neo aircraft family. This has been agreed between MTU, JAEC and Pratt & Whitney, the leading OEM partner company in this program. According to the agreement, MTU will also take on a
A revolutionary new South African-designed and developed aircraft, destined for a significant role in a wide range of civilian and military tasks around the world, was unveiled in Pretoria on September 27th. The Advanced High-Performance Reconnaissance Light Aircraft (AHRLAC) is set to take the aviation market by storm, challenging dominant Western manufacturers with its low acquisition cost, reduced
AWAS reported that it has agreed with LAN Airlines, one of the leading passenger and cargo airlines in Latin America, to enter into a purchase and lease back transaction for 5 Airbus A320 aircraft, that the carrier had previously ordered directly from the manufacturer for 2011-2012 delivery. AWAS already delivered the first of these passenger aircraft to LAN. The carrier will
Boeing and UTair Aviation, Russia have signed an order for 40 Boeing Next-Generation 737 airplanes, comprised of seven 737-900ERs and 33 737-800s. The agreement was previously announced at the 2011 Paris Air Show. The order is valued at $3.8 billion at list prices.
