Omni Air International and AFI KLM E&M have inked a renewal of their existing long-term contract under which AFI KLM E&M handles maintenance and repair of the CF6-80C2 engines powering the carrier’s fleet of Boeing 767-200ERs and 767-300ERs – a total of ten aircraft. Omni Air International is a privately-owned US airline operating domestic and
Already years overdue and billions of dollars over Budget, Bombardier are faced with an uncertain future over its CSeries. For some time Bombardier had been wanting to break into the narrow-body 110 – 130 seat sector of the market that was being monopolized by Airbus, Boeing, Comac and Embraer. In July 2004 it announced plans
Finnair has taken delivery in Toulouse of the first of 19 A350 XWBs on order, thus becoming the first European operator and the third worldwide of the all-new airliner. The aircraft is configured in a premium three-class layout, with 297 seats, comprising 46 Business Class, 43 Economy Comfort and 208 Economy. Finnair will commence commercial
Avolon, the international aircraft leasing company, announced the delivery of one Airbus A320-200 aircraft to VietJet Air. This is Avolon’s first aircraft on lease to VietJet Air.
Mesa Airlines announced an agreement with United Airlines to add 15 Embraer 175 aircraft to Mesa’s United Express fleet. Mesa currently operates 30 Embraer aircraft for United Airlines. In addition to the E175s, Mesa operates 20 Bombardier CRJ700 aircraft under the United Express brand. Paul Foley, Executive Vice President and COO, added, “Besides the obvious
GE Capital Aviation Services (GECAS) announced that its Regional Aircraft Group delivered two new leased Bombardier Q400 NextGen turboprop aircraft to low-cost carrier Nok Air under a purchase-and-leaseback transaction. GECAS completed a similar purchase-and-leaseback with the carrier in 2014, also for two factory-new Q400 NextGen aircraft. Formed in 2000, GECAS Regional Aircraft Group leases nearly
Rolls-Royce plc has successfully priced a U.S. dollar-denominated issue of notes (the “Notes”) raising gross proceeds of approximately US$1,498,740,000. The Notes will be issued by Rolls-Royce plc and guaranteed by Rolls-Royce Holdings plc, pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The transaction consists
AJW Engines is to provide engine shop visit management services for Cameroon Airlines Corporation (Camair-Co). An experienced team of professional engineers from AJW will manage all aspects of the shop visit for two PW4060 engines. Camair-Co has also signed a lease agreement with AJW Leasing for a replacement PW4060 engine which has been fitted to
Apollo Aviation Group (“Apollo Aviation”), a multi-strategy aviation investment manager, announced today that it raised US$833m for SASOF III, its third aviation fund. The amount raised is well in excess of SASOF III’s US$750m target. SASOF III, an institutionally-focused commingled private equity fund, follows on from SASOF and SASOF II where Apollo Aviation raised US$213m
Air Asia has yet to rebound from the financial pressure it has been placed under since the release of a damning financial report by Hong Kong-based analysts GMT Research in June this year. The report questioned the accounting practices, profit outlook, cash flow and structure of Asia’s largest low-cost airline based on fleet size. The
