Condor, a German leisure airline, has received its inaugural Airbus A320neo on lease from Avolon following a ceremony in Toulouse. This milestone marks the airline’s ongoing fleet modernisation, which already features the A330neo for long-haul routes. By utilising aircraft from the A320 and A330neo families, Condor aims to maximise the benefits of commonality between these
Aviation market intelligence and advisory company IBA has revealed that with rising engine lease rates and market values showing double-digit growth, the engine sector is now a “lessors’ market”. The latest IBA analysis shows that engine leasing activity has grown significantly with operators now favouring lease extensions to secure lift. In its recent webinar on
Elbe Flugzeugwerke GmbH (EFW), an expert in Airbus passenger-to-freighter (P2F) conversions, and MRO Japan (MJP), a prominent player in Japan’s aerospace maintenance repair and overhaul sector, have announced a memorandum of understanding (MOU) to collaborate on passenger-to-freighter (P2F) conversions. Under the MOU, MJP will serve as a subcontractor for EFW in P2F conversions and offer
Harbour Air, North America’s largest seaplane airline, has signed a Letter of Intent (LOI) with magniX to acquire 50 magni650 electric engines. magniX’s electric propulsion units (EPUs) will be utilised to electrify Harbour Air’s fleet, commencing with the De Havilland DHC-2 Beaver in 2026. The magni650s will also be employed for third-party conversions. This agreement
Embraer has delivered 25 jets in the first quarter of 2024 (1Q24), marking a substantial increase of 67% compared to the 15 aircraft delivered in 1Q23. Notably, Executive Aviation witnessed robust delivery growth, soaring from eight to 18 jets during the same period in 2023. These deliveries represent the highest first-quarter performance in the last
SkyWorks Holdings hasndisclosed the transactions and engagements conducted during the first quarter of 2024 across its Leasing & Asset Management and Investment Banking & Advisory Groups. Under the Leasing & Asset Management Group, SkyWorks facilitated the sale of two A321-200 aircraft leased to Aegean Airlines on behalf of Sierra Echo Aircraft Leasing. Additionally, SkyWorks negotiated
AEGEAN has announced its strategic decision to invest in an extended-range and upgraded cabin quality version of the Airbus A321neo, creating a dedicated “special purpose” sub-fleet initially comprising four aircraft. These specially configured A321neo aircraft will be capable of reaching further destinations, primarily targeting markets to the South and South-East of Greece. Equipped with additional
Eve Air Mobility (Eve) has signed a letter of intent with AirX Inc., Japan’s largest public helicopter air charter service, for up to ten firm and up to 40 optional electric vertical take-off and landing (eVTOL) aircraft. The order will support the continued development and scaling of innovative transportation operations in Japan. AirX is a
CMA CGM AIR CARGO is set to launch a transpacific route linking Asia to North America in the summer of 2024, marking a significant step forward in its development strategy. To facilitate service expansion to new destinations, CMA CGM AIR CARGO will take delivery of two Boeing B777-200F aircraft this year. The first aircraft, expected
In the first quarter of 2024, BOC Aviation conducted a series of significant transactions, showcasing its robust operational performance. These transactions included adding ten aircraft to the delivery pipeline for 2024 and finalising 31 lease commitments, marking the strongest first-quarter performance since 2020. Moreover, the company maintained strong momentum in aircraft sales, with five aircraft
