ICBC Financial Leasing has announced the closing of a financing facility for the refinancing of three aircraft with DVB Bank SE. The aircraft portfolio – consisting of one A330-200, one 737-700 and one A319-100 – are currently on long-term finance leases to China Eastern Airlines. The Chinese lessor mandated DVB as the sole arranger for
Bombardier announced that its all-new CS100 aircraft has successfully completed all noise performance testing and preliminary data confirms it is the quietest in-production commercial jet in its class. The aircraft’s noise performance and its outstanding short-field capability make it ideal for city centre operations. The first production CS100 aircraft will soon commence function and reliability
Rolls-Royce has been selected by Airbus to provide Trent 700 engines and long-term TotalCare engine service support, worth US$700m for five new Beluga XL air transporter aircraft. The aircraft will replace the current Airbus Beluga fleet. The Beluga XL, based on the A330 design, was launched in November 2014 to address the A350 XWB ramp
VAS Aero Services, a global leader in aviation logistics and aftermarket services, reported that America Aero Group, a global aviation company specializing in the acquisition of aftermarket aircraft and inventory, has acquired majority ownership of VAS Aero Services from H.I.G. Capital. In announcing the change of ownership, America Aero Group principal and VAS Executive Chairman
Jakarta’s Soekarno-Hatta Airport is notoriously congested and for the second time in a few years the management of the airport’s holding company, Angkasa Pura II (AP II), has decided to free up space on the airport’s apron. At least ten virtually derelict aircraft will be scrapped within the next few months after final notices have
Boeing delivered the seventh CH-47F Chinook to the Australian Army on budget August 10th, three weeks ahead of schedule, supporting modernization of Australia’s cargo helicopter fleet and eventually replacing the Commonwealth’s six older CH-47D Chinooks. The seven advanced Chinooks were ordered as part of a U.S. Government Foreign Military Sales agreement with Australia in 2012.
RwandAir, the national flag carrier of the Republic of Rwanda, has signed a firm contract with Airbus for an A330-200 and a larger A330-300, at a signature ceremony in Kigali, Rwanda. With this order RwandAir becomes a new Airbus customer and is the first East African customer for the long-haul airliner. This agreement firms up
Boeing reported that over the next 20 years the Asia Pacific region will have the greatest demand for commercial airline pilots and maintenance technicians worldwide with approximately 40 percent of the global need — more than North America, Africa and Europe combined. The 2015 Boeing Pilot & Technician Outlook, an industry forecast of aviation personnel
Malaysia Airlines Berhad (MAB) and Air Lease Corporation signed long-term lease agreements for four new Airbus A350-900s. The transaction also includes a lease option for two additional A350-900s and two A330-900neo aircraft. Powered by two Rolls Royce Trent XWB-84 engines, the A350-900 aircraft are from ALC’s order book with Airbus and will be delivered between
Triumph Aviation Services Asia, a subsidiary of Triumph Group, has signed a five year contract with Airbus S.A.S. to provide inspection, test, repair and modification of Airbus Proprietary Parts (APP) for the A320 and A330/340 programs. For the duration of the long term contract, the company will provide maintenance and repair services of rudders, elevators,
