Boeing and Kuwait Airways have finalized an order for 10 777-300ERs (Extended Range), valued at US$3.3bn at list prices. The order underlines the popularity of the 777-300ER as the preferred long-haul aircraft of many of the world’s leading airlines including those from the Middle East. The airline originally announced its intent to order the 777-300ER
Azerbaijan Airlines announced the delivery of the airline’s first 787 Dreamliner. With this delivery, Azerbaijan Airlines becomes the first airline in the Commonwealth of Independent States to operate the 787. The airplane will play a key role in the Baku-based airline’s strategic plan to expand its long-haul fleet.
Avolon, the Dublin-based, global aircraft leasing firm, has firmed up its contract for 15 A330neo aircraft. Avolon became one of the launch customers of the A330neo after signing its initial commitment in July 2014 at the Farnborough International Airshow. The A330-800neo and the A330-900neo are two new members of the Airbus Widebody Family launched in
Airbus has delivered the first A350 XWB, the world’s latest generation widebody airliner, to launch customer Qatar Airways. The A350 XWB redefines the way people fly for the coming decades and opens up a new era in comfortable, efficient long-haul air travel when it enters service with Qatar Airways, renowned for leading the industry to
Air China has committed to purchase 60 737s, including Next-Generation 737 and 737 MAX airplanes. The commitment when finalized will be valued at more than US$6bn at current list prices. The order will be posted on Boeing’s Orders & Deliveries website once all contingencies are cleared.
Finnair has signed a Memorandum of Understanding (MoU) with Doric Asset Finance GmbH & Co. KG for the sale and leaseback of six ATR72 aircraft. The transaction is expected to be closed by the end of March 2015. The value of the transaction is approximately €75m. The aircraft included in the arrangement are currently operated
Embraer Executive Jets and NetJets, a Berkshire Hathaway company have signed an agreement to convert 10 Signature Series Phenom 300 purchase options into firm orders. At current list prices, this addition to the contract is worth US$89.55m, which will be included in the backlog of the fourth quarter of 2014. In October 2010, a purchase
Alitalia and Etihad Airways announced the completion of all the formalities related to the transfer of air transport operations from Alitalia CAI to the new Alitalia SAI. Etihad Airways has subscribed and paid for the capital increase of €387.5m for the acquisition of a 49% share in Alitalia SAI. The remaining 51% shareholding is held
China Airlines (“CAL”) and HAECO ITM Limited (“HAECO ITM”) have entered into an agreement for a long-term rotables management programme on the airline’s Boeing 777-300ER fleet, covering a range of line-replaceable units (LRUs) and simulator parts. CAL took delivery of its first Boeing 777-300ER in late September and will add another nine of these aircraft
CarVal Investors, a leading global alternative investment manager, signed an agreement to acquire a majority holding of AerFin Limited from its current owner, Bob James. Mr. James will remain as the Managing Director and CEO going forward and will retain 20 percent of the company. “The acquisition of AerFin is a compelling investment in itself
