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Aircraft & Engines

NAC and AMR sign sale and leaseback agreement

Nordic Aviation Capital A/S (“NAC”) and KIRK Kapital A/S announced an agreement for a sale and leaseback transaction with AMR Leasing Corporation (a wholly-owned subsidiary of AMR Corporation) for 39 ATR 72 aircraft operated by Executive Airlines. AMR Leasing Corporation will sell the 39 ATR 72 aircraft to an entity that will lease the aircraft

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Arik Air receives first A340-500

Arik Air, based in Lagos, Nigeria, received its first A340-500 on December 1st. The new aircraft is the first of three A340-500s ordered by Arik Air for use on international long-haul routes to London, New York and Houston. Powered by Rolls-Royce Trent 500 engines, the carrier’s new A340s will offer the best possible passenger comfort

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Rolls-Royce secures EUR135 million to develop new engine demonstrators

The European Commission has selected Rolls-Royce to lead the development of two engine demonstrators as part of the Clean Sky Joint Technology Initiative to accelerate the delivery of cleaner and quieter engine technologies. Rolls-Royce will receive up to EUR53 million from the European Commission and benefit from the work of partners valued at EUR82 million

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Aer Lingus CFM56-5B engines awarded TRUEngine designation

CFM International has awarded the TRUEngine designation to a total of 70 new and overhauled CFM56-5B engines in the Aer Lingus fleet. The CFM56-5B engines were awarded TRUEngine status following a comprehensive review of the airline’s fleet operational data and maintenance records. These records validated that maintenance of all of the engines is consistent with

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North American Airlines grows its charter fleet

North American Airlines, a subsidiary of Global Aero Logistics, is growing its fleet of charter jets. North American has entered into an agreement with aircraft lessor AerCap Group to take delivery of its sixth Boeing 767-300ER in December 2008. This additional B-767 will be used to grow our commercial and military charter business,” said Jeff

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TAM receives second Boeing 777

TAM S.A. received a Boeing 777-300ER, the second of eight total aircraft of this model acquired by the company. Captain David Barioni Neto, President of TAM, and Commander Fernando Sporleder Junior, the company’s Vice President of Operations, received this B777 directly from Boeing’s factory in Seattle and both piloted the aircraft to Sao Paulo. TAM

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