Aergo Capital reported that it completed the purchase of an A320-200, msn 1626, on lease to Avion Express, headquartered in Vilnius, Lithuania, a member of the European Union. Avion Express is operating a fleet of 9x A320 and 2x A319 passenger aircraft.
According to Greek officials who have direct access to current information, the Hellenic Republic Asset Development Fund (the Fund), which sells real estate, infrastructure and other government holdings has confirmed it is satisfied with an offer of €1.2bn (US$1.4bn) from Germany’s Fraport AG, for the lease of 14 regional airports in Greece, and now expects
Cathay Pacific Airways took delivery of the airline’s 50th 777-300ER (Extended Range). With this delivery, Cathay Pacific will have 67 777s in operation, which also includes 12 777-300s and five 777-200s. Cathay Pacific is slated to receive three more 777-300ERs this year and is one of the launch customers for the 777X with 21 777-9X
Boeing and Air Tahiti Nui have finalized an order for two 787-9 Dreamliners, valued at US$514m at current list prices. The flag carrier for French Polynesia, a new 787 customer, has also leased two additional 787-9s through the Air Lease Corporation, based in Los Angeles, Calif. Air Tahiti Nui, headquartered in Papeete on the Island
Avolon delivered one Boeing 737-800 aircraft to Malaysia Airlines. This delivery is the first of a three aircraft sale and leaseback transaction with Malaysia Airlines.
Aviation Fabricators (AvFab) received Russian approval for the installation of their Supplemental Type Certificate (STC) approved King Air Aft Jump Seat Kits in Beechcraft B300 (350) series aircraft. In addition, AvFab has STC approval in the U.S., EASA, Brazil, Mexico, Canada and Indonesia. “This approval is another big product milestone,” said AvFab’s GR Lowe. “Now
In December 1985, two Chinese airlines, Air China Southwest and China Eastern Yunnan, took delivery of their first Boeing 737s. These airplanes were powered by CFM International’s CFM56-3 engines. CFM was a very young company and these were some of its first orders. Since then, Greater China has become one of the largest and most
Commsoft, a world leader in aviation engineering and maintenance systems, reported that existing Commsoft customer, AvioCATS, will be using OASES to provide CAMO services for Croatian start up airline Limitless Airways’ newly acquired fleet of an Airbus A320, supporting their charter operation connecting Scandinavia with the Mediterranean. Headquartered in Zagreb, Avio Grupa D.O.O. (AvioCATS) will
Boeing currently has to deal with two major pressures – an increased number of orders, and competition from rival Airbus. Traditionally, airplane order numbers, when combined with levels of customization, meant that car industry manufacturing processes were predominantly inapplicable or inappropriate. However while Airbus already have a number of staff at senior level who have
IAG’s operating profit for the period was €25m an improvement of €175m from the prior year loss. British Airways made a profit of €117m (2014: €5m loss); Iberia made a loss of €55m (2014: €111 million loss) and Vueling’s loss was €29m (2014: €30m loss). Passenger revenue increased 12.3% compared to the same period last
