GECAS’ Regional Aircraft Group completed delivery of three leased Embraer E195 aircraft to BoraJet Airlines. BoraJet is a privately owned regional carrier based in Istanbul. It currently operates a fleet of 14 aircraft to 19 destinations in Turkey and surrounding areas.
Dubai Aerospace Enterprise (DAE) announced the following leasing transactions as part of its effort to expand its aircraft leasing portfolio. DAE placed six new ATR 72-600s on long-term lease to Azul Brazilian Airlines for delivery in 2015. Four new ATR 72-600s on long-term lease to Airlines PNG, based in Papua New Guinea. These aircraft are
Boeing and Sriwijaya Air celebrated the delivery of two new Next-Generation 737-900ER (Extended Range) airplanes. This is the first all-new airplane delivery for Sriwijaya Air, Indonesia’s third largest carrier. The Jakarta-based airline operates an all-Boeing fleet of 737 airplanes and offers flights to various Indonesian destinations and a select few international cities. The new 737-900ERs
FedEx pilots, represented by the Air Line Pilots Association, Int’l (ALPA), reached a tentative agreement with FedEx management on an amended collective bargaining agreement. The parties have been actively negotiating since 2011. Discussions started in 2011 under a special interim discussions agreement that had originally been made by both parties to assist in narrowing the
Hong Kong Aviation Capital (HKAC) announced the completion of a new $725m secured limited-recourse warehouse facility. The facility provides HKAC significant flexibility with 100% blind capacity to finance its future aircraft deliveries or refinance existing aircraft. The facility was oversubscribed and is priced competitively at a margin of 2.00%. The facility was structured by Credit
Like a number of Asian countries, Indonesia is struggling to maintain internationally accepted safety standards, established by the ICAO, as demand for flights continues to increase. By 2034 this demand is expected to triple according to IATA. The country’s situation has not been helped with a number of recent major accidents including the crash of
HEICO Corporation has acquired 80.1% of Aerospace & Commercial Technologies (ACT), a leading provider of products and services necessary to maintain up-to-date F-16 fighter aircraft operational capabilities. ACT’s leadership team will continue to own 19.9% of ACT. The purchase price and financial details were not disclosed. HEICO stated that it expects the acquisition to be
Qantas chose the GEnx-1B engine to power its recently ordered eight Boeing 787-9 Dreamliners. This engine order is valued at more than US$400m list price. Deliveries will begin in 2017.
Qantas posted its strongest profit since before the Global Financial Crisis, a AU$505m capital return to shareholders and a Boeing 787 Dreamliner order to start a new era for Qantas International. For the 12 months to 30th June 2015, Qantas reported an Underlying Profit Before Tax of AU$975m and a Statutory Profit Before Tax of
GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, delivered a leased Boeing 767-300ER aircraft to Icelandair. Icelandair currently operates a fleet of 24 passenger aircraft from its Iceland hub to connect 26 cities in Europe with 14 cities in North America.
