On May 5th 2014, Finnair Aircraft Finance Oy, Finnair’s fleet management subsidiary, signed a Memorandum of Understanding on the sale of three Embraer 170 aircraft to affiliates of Infinity Aviation Capital, a US-based aircraft leasing company. The transactions have now been finalised, and their total value was approximately US$40m. The sale of the three aircraft
Bombardier reported that the Learjet 70 and Learjet 75 aircraft have received full type certification from the Civil Aviation Authority of Mexico, the Dirección General de Aeronáutica Civil (DGAC). The aircraft have enhanced performance through an engine thrust increase with an improved Honeywell engine, offering superior takeoff field length performance over their predecessors. The new
Airbus Helicopters has completed official delivery of the first two Tiger helicopters in the new HAD-E version and the first NH90 GSPA tactical transport helicopter destined for the Spanish Army Airmobile Force (FAMET). These three helicopters were assembled in the Spanish plant in Albacete, which successfully carried out the industrial phase, airworthiness certification and technical
AAR reported second quarter fiscal year 2015 consolidated sales of US$490.0m and net income of US$15.2m. For the second quarter of the prior fiscal year, the Company reported sales of US$540.7m and net income of US$20.0m. Within the Aviation Services segment, sales decreased 11.1% to US$377.7m. Supply chain sales to commercial and defense customers experienced
Hawaiian Airlines announced a definitive purchase agreement with Airbus, finalizing the Memorandum of Understanding announced earlier this year to acquire six new A330-800neo aircraft starting in 2019. The agreement replaces Hawaiian’s previous order for six A350-800s. The transaction includes rights to purchase an additional six aircraft as part of the carrier’s path to growth and
SkyWorks Leasing has completed a lease extension of one B747-400 (s/n 24381) to United Airlines, on behalf of a U.S-based investor. In the preceding 12-month period, SkyWorks have also negotiated and arranged the following transactions on behalf of the same investor: long term lease extensions to United Airlines of one RR-powered B757-200 (s/n 27293) and
The news that Barack Obama has decided to restore political ties between the US and Cuba could prove good news for the airline industry. Though clearly it is early days, a number of airlines who currently operate charter flights to the Caribbean island have already identified the potential for increased business. Anthony Black, who is
Pratt & Whitney and Kawasaki Heavy Industries signed a risk and revenue-sharing collaboration agreement for KHI to provide key hardware modules for Pratt & Whitney’s PurePower Geared Turbofan (GTF) engines. Pratt & Whitney currently has 10 worldwide GTF collaboration partners, many of which work across multiple GTF engine variants to be installed on various aircraft
Etihad Airways, one of the world’s leading airlines, welcomed the first of its ten new Airbus A380 aircraft. Etihad Airways is the thirteenth airline to operate the A380, and the aircraft is the 150th A380 delivered by Airbus. The delivery is set to boost capacity on several of Etihad’s most in-demand routes, taking the airline
BOC Aviation has finalized an order for two additional 737-800s, valued at US$186m at current list prices. The order is a part of the Singapore-based leasing company’s effort to grow its portfolio of fuel-efficient airplanes. “Building on our order of 80 737 aircraft earlier this year, these two additional Next-Generation 737s enable us to respond
