Aircraft & Engines

In order to continue the modernization of the company’s aircraft fleet, FedEx Express has signed an agreement with Boeing to purchase 27 new 767-300F aircraft, with three arriving in fiscal 2014 and six per year in fiscal 2015-2018. The 767s were selected as the best choice to begin replacing FedEx Express’s MD10 aircraft, some of which are

FLY Leasing Limited has acquired two Boeing 737-800 aircraft, one on lease to Air China and one on lease to Korean Air. The purchase price for both aircraft totaled approximately $62m, which was financed from FLY’s unrestricted cash and new bank debt. FLY also announced that it has sold two aircraft from its portfolio for a

Southwest Airlines finalized a firm order for 150 fuel-efficient 737 MAX airplanes. Southwest is the first customer to finalize an order for the 737 MAX and becomes the launch customer for the new LEAP-1B engine-variant.  In addition, the airline expanded its current order book with an order for 58 additional CFM56-7BE-powered Next-Generation 737-800s. The firm order

Australia’s Skywest Airlines will introduce five more ATR 72-600 aircraft into its fleet, to be operated on a range of routes on behalf of major carrier Virgin Australia. These five aircraft take to 13 the number of firm orders of ATR 72 aircraft placed by the Singapore-based leasing company Avation PLC in 2011 for Skywest

Etihad Airways, the national airline of the United Arab Emirates, signed an order for 10 Boeing 787-9 Dreamliners and two Boeing 777 Freighters. Valued at a combined $2.8bn at current list prices, this order will make Etihad the world’s largest airline customer of the 787-9. Etihad has a total of 41 787s on order. The