News comes from le Bourget, Paris that Aercap, who only recently took over US leasing giant ILFC, have confirmed an order initiated by ILFC for 100 Boeing 737 Max planes worth an estimated US$10.7bn at list price. “This is something we have been working on for a long time,” said AerCap chief executive Aengus Kelly,
Wings Capital Partners announced the purchase of a 2002 Airbus A320-200 adding to their growing portfolio. The aircraft was purchased from Airbus S.A.S., through their Asset Management Group and was subsequently leased to Iberia Express. “This acquisition builds upon long standing relationships we have with Airbus and we are delighted to have closed this transaction
Cebu Pacific Air (CEB) ordered 16 ATR72 -600 from ATR, the European Turboprop aircraft manufacturer. Cebu Pacific and ATR announced that the deal includes options to acquire an additional 10 ATR72-600, valuing the total aircraft order at US$673m, based on current list prices. The order is part of Cebu Pacific’s fleet renewal program. Cebu Pacific
The Paris Air Show is without doubt the premiere event in the commercial air industry’s calendar, attracting people, businesses and journalists from all four corners of the globe. Held every two years, in 2013 the show attracted over 315,000 visitors, 2,215 exhibitors and records indicate that over US$150bn worth of orders were announced that year.
WestJet has signed a firm order for five Bombardier Q400 NextGen aircraft. A firm order for one Q400 aircraft was also signed in March 2015. These transactions are conversions of options previously booked by WestJet. The five firm orders are for delivery in 2016 and 2017.
Pratt & Whitney received Federal Aviation Administration approval to add the PW1100G-JM engine that will power the Airbus A320neo aircraft to its production portfolio. The certificates were awarded to Pratt & Whitney’s facilities in Middletown, Connecticut and West Palm Beach, Florida. Both facilities have expanded and modernized to introduce state-of-the-art assembly and test capability as
Turkish Airlines has signed a Memorandum of Understanding for Pratt & Whitney’s PurePower PW1100G-JM engines to power its order of 72 firm and 20 option A321neo aircraft. Deliveries are scheduled to begin in 2017. The PurePower engine family has completed 19,000 hours and 34,000 cycles of full engine testing, including 5,000 hours of flight time.
Lufthansa Technik AG and GE Aviation will create a new, state-of-the-art engine overhaul facility in Europe to service GEnx-2B and GE9X engines. Under terms of a memorandum of understanding (MOU), the new joint venture is expected to be operational in 2018. Closing of the joint venture is subject to receipt of required regulatory approvals. The
Boeing has awarded Liebherr-Aerospace another contract for the Boeing 777X: the system supplier will deliver two components – the power drive unit and the hydraulic motor – for the leading edge actuation system of the new wide-body aircraft. Relying on its experience in high-lift systems, and especially in gearboxes and hydraulic motors for long-range commercial
Aircastle Holding, which is a subsidiary of Aircastle Limited, signed a firm order at the International Paris Air Show for 25 E-Jet E2s, consisting of 15 E190-E2s and 10 E195-E2s with an additional 25 purchase rights for 15 E190-E2s and 10 E195-E2s, bringing the total potential order to up to 50 aircraft. The transaction will
