CIT Group, a leading global commercial finance company, announced that CIT Aerospace, a unit of CIT, has signed contracts with Airbus for 20 new aircraft (fifteen A320 family aircraft and five A330) worth approximately $1.9 billion at list prices. The aircraft are scheduled to be delivered beginning in 2011 and continue through 2014. Including this
Felix Airways of Sana
The Austrian Airlines Group is aiming at a reduction of the Canadair CRJ fleet in the medium-term, in order to partially replace these 50-seat aircraft with 80-100-seat aircraft. For this, a Canadair CRJ should be handed over and be replaced with an additional Fokker 100. Furthermore, two Canadair CRJs and both of the currently oldest
Pratt & Whitney Canada has received type certification from Transport Canada and the European Aviation Safety Agency for the PW127M engine, the newest member in the PW100 regional turboprop family. The PW127M offers five per cent more power than its predecessor, the PW127F engine. The PW127M is a derivative of the PW127F and PW127E engines
International investment and specialised fund and asset management group Babcock & Brown announced that a joint initiative with HCI Capital AG (HCI), a leading distribution house for closed funds and structured products in Germany, has acquired its first aircraft leasing investment with the purchase of two Boeing 777-200LR aircraft delivered to Air Canada in February
AirSprint, Canada’s coast-to-coast leader in the field of fractional aircraft ownership, reported that the company has placed an order for 23 aircraft with an aggregate retail value of $116 million (US). AirSprint will take delivery of three Citation XLS/XLS+ jets and three Pilatus PC-12/47E “Next Generation Pilatus” over the course of the next 24 months,
The third production Airbus A380 (MSN006) was handed over to Singapore Airlines on 11th March. Equipped with four Rolls Royce Trent 900 engines, the third aircraft for the first A380 operator follows the delivery of the first A380 (MSN003) on 15th October 2007 and second delivery (MSN005) on 11th January 2008. The third aircraft is
SAS has agreed a settlement with Bombardier and Goodrich regarding the incidents involving the Dash aircraft in the autumn of 2007. The details of the agreement are confidential but SAS Group confirms the total financial compensation is slightly more than SEK 1 billion in the form of a cash payment and credits for future firm
Iberia has signed two exclusive contracts with Olympic Airways under which it will maintain engines and components for the Greek airline at Iberia
Cessna Aircraft Company completed the first flight of its Model 162 SkyCatcher prototype, March 8th. This is the first of three airframes: a prototype, the first production model, and an ASTM (American Society for Testing and Materials) test article that Cessna
