BAE Systems Regional Aircraft confirms that the market for its portfolio Jetstream 41 remains buoyant and that during 2007 a total of 22 transactions were completed, more than double the 2006 total. Previously confirmed transactions included new leases for 11 aircraft with Eastern Airways of the UK – the world’s largest fleet operator of the
Boeing mechanics began major assembly of the new 777 Freighter at the company’s Everett, Wash., facility on January 29th. The first 777 Freighter will be delivered to launch customer Air France in the fourth quarter of 2008. “Our vision to develop the 777 Freighter as the world’s most capable twin-engine cargo airplane is now becoming
Freight Feeder Aircraft Corporation has entered into a $260 million investment banking engagement agreement for a two year period with CapNet Securities Corporation (“CapNet”) as its exclusive financial consultant, placement Agent and finder in connection with various financing strategies. The initial (Stage 1) contemplated equity financing is planned at $10 million which will be used
Rolls-Royce increased its growing presence in the Middle East with orders from Oman Air for Trent 700s. Oman Air, the national airline of the Sultanate of Oman, has selected Trent 700 engines to power its new fleet of five purchased and two new leased Airbus A330 aircraft. The value of the business, including a TotalCare
MatlinPatterson Global Advisers LLC, the US investment fund, through an affiliate, has signed a firm contract for six A330-200 Freighter aircraft. The company intends for the aircraft to be used by certain of its airline portfolio companies, such as Varig Logistica in Brazil and Global Aero Logistics in the USA. With this agreement the two
Deucalion Capital VII Limited (“Deucalion”), a company advised and managed by DVB Bank AG, has purchased eight Boeing 777 Freighters for lease to AeroLogic, a new joint venture airline formed by Lufthansa Cargo and DHL Express. Valued at $2 billion at list prices, the eight 777 Freighters were ordered by Avion Group of Iceland in
The initial two EADS SOCATA 2008 TBM 850s were delivered to customers on January 24th, marking the formal entry of this upgraded very fast turboprop into the international business aircraft marketplace. EADS SOCATA Chairman and CEO Jean-Michel L
The Danish Accident Investigation Board has previously concluded that a construction error in the actuators was the cause of the first two accidents involving a Dash 8 Q400. The Accident Investigation Board has not presented any conclusion on the reason behind the third accident, but has in a provisional report stated that the most likely
Focus Aviation has sold a Boeing 747-400 aircraft to EL AL Israel Airlines, on behalf of Rabobank International. The aircraft, serial number 26551, is currently on lease to Singapore Airlines and is due to be returned to the Lessor in the last quarter of 2008. Following its return off lease the aircraft will then be
Hamburg International has signed a new firm order for a further two A319s while taking delivery of its first A319. The aircraft, powered by CFM-56 engines from CFM International, was handed over to the airline’s management team at a ceremony held in Hamburg. The aircraft provides a comfortable single-class configuration for 150 passengers. As part
