Philippine Airlines is acquiring up to nine turbo-propeller aircraft to serve its revived inter-island operations, a major move by the flag carrier aimed at boosting trade, tourism and local economies in rural island communities. PAL’s turbo-prop fleet will consist of three Bombardier Q300 and six Q400 aircraft valued at $150 million based on list prices.
Mechanics at the Boeing Company began final assembly work on the first 777 Freighter at the company’s Everett, Wash., facility this week. The new cargo airplane will roll out of the factory later this month, and work will begin to prepare the airplane for flight test this summer.
China Cargo will lease six Boeing 777-200LR Freighters from GECAS and enters into a sales/ leaseback agreement for six MD-11 Freighters.
CIT Aerospace, a unit of CIT, has signed three leases with nasair, the first budget carrier in the Kingdom of Saudi Arabia, for three new Airbus A320-200s. This is CIT
Boeing announced a revised plan for first flight and initial deliveries of the 787 Dreamliner that includes additional schedule margin to reduce risk of further delays on the program. Boeing stated, that while significant progress has been made assembling Airplane #1, first flight is being rescheduled due to slower than expected completion of work that
Embraer formally introduced its new Embraer MSJ and Embraer MLJ executive jet programs, which were recently approved by the Company
Czech Airlines has signed an agreement with Air India for the lease of an Airbus A310 aircraft and crew for another year. The airplane has operated out of Bombay Airport since last March, thus far flying on the Hong Kong and Kuala Lumpur routes. From May, it will be newly deployed on flights to Jeddah,
Cessna Aircraft Company released that it has surpassed 500 orders for the Citation Mustang entry level business jet. Cessna delivered the first retail Citation Mustang on April 23, 2007, and finished the year with 45 delivered. From Cessna
ANA exercised options for two more 767-300 Boeing Converted Freighters. The value of the agreement is not being disclosed. Previously, ANA launched the 767-300BCF program with a 2005 order for three conversions and four options. In 2006, ANA exercised two of the options and this agreement to exercise the last of the 2005 options brings
