Air Transport Services Group (ATSG) has committed to a total of 29 Airbus A330 Passenger-to-Freighter (P2F) conversion slots with Elbe Flugzeugwerke (EFW), centre of excellence for Airbus freighter conversions and a joint venture between ST Engineering and Airbus. The commitment reflects a strategic step by ATSG to diversify its existing in-service fleet of 117 aircraft
Multiple lessors are set to terminate lease agreements with Russian airlines by March 28 following sanctions imposed by the EU. It is estimated that 777 of 980 commercial passenger jets currently in operation are leased, of which 515 jets with an estimated value of £7.5 million are rented from foreign companies in the predominantly Ireland-based
AerCap has signed agreements with Norwegian Air Shuttle ASA for the lease of ten new Boeing 737 MAX 8 aircraft and eight Boeing 737-800NG aircraft. The aircraft are scheduled to deliver in 2022 and 2023. Norwegian has a long-standing relationship with AerCap, one of the largest aviation leasing companies. With the addition of these aircraft,
As of midnight, GMT, Friday February 25, the British government has introduced a ban for all Russian commercial and private aircraft, including all aircraft chartered by Russians, from British airspace. This ban not only affects Aeroflot, but also jets owned or rented by oligarchs. The government’s Department of Transport published a Notice to Airmen (NOTAM)
Air Lease Corporation (ALC) has announced long-term lease placements for nine Boeing 737 aircraft with Turkey’s Corendon Airlines Group (Corendon). Five new 737-8s will be delivered to Corendon in Turkey in the Spring of this year and one new 737-8 in the first quarter of 2023. Corendon will also lease three new 737-9s from the
Airbus has announced that it has signed a partnership agreement with CFM International (CFM) for the two companies to work on a hydrogen propulsion system. CFM is a 50:50 joint company created by General Electric and Safran Aircraft Engines. The aim of the two companies is to both ground and flight test a hydrogen-fuelled direct
Brazilian planemaker Embraer has released that for the fourth quarter of 2021 it delivered 55 jets, comprising 16 commercial aircraft, 26 light commercial jets and 13 mid-size executive jets. This was in comparison to a total of 71 jets in the fourth quarter of 2020. For the full financial year 2021, the company delivered a
Norwegian Air (Norwegian) has reported its fourth-quarter 2021 and preliminary full-year 2021 financial results, revealing a pre-tax (EBT) profit of NOK 117 million for the fourth quarter compared to a loss of NOK 16.6 billion for the fourth quarter of 2020. In the fourth quarter of 2021, 3.1 million passengers travelled with Norwegian, up from
SR Technics has announced that it has signed an MoU for maintenance, repair and overhaul with Bamboo Airways at the Singapore Airshow 2022. The deal has been valued at US$60 million whereby the two companies will jointly work together to explore areas of cooperation including CFM56-5B engines, training services, also providing technical services and component
Los Angeles, California-based Air Lease Corporation (ALC), has announced that it has placed 25 Boeing 737-8 aircraft with Malaysian Aviation Group (MAG), the parent company of Malaysia Airlines. Deliveries are due to commence in early 2023 and will continue through until 2026, the planes coming from ALC’s order book with Boeing. Izham Ismail, Group Chief
