GE Capital Aviation Services (GECAS), the commercial aircraft leasing arm of GE, announced delivery of three new leased Airbus A321 aircraft to the Thomas Cook Group. GECAS is scheduled to deliver a total of nine aircraft to Thomas Cook Group’s airlines in 2014 and 2015, as part of Thomas Cook’s previously announced program to renew
ATR and Indonesia’s Lion Group have signed a US$1bn purchase agreement for 40 additional ATR 72-600s, hiking the firm order total for the newest generation ATR turboprops to 100 aircraft. This latest signature marks a milestone in ATR’s history, as Lion Group becomes ATR’s largest customer ever. There are currently three subsidiary airlines in the
Revenues amounted to US$601.2m, compared to US$643.3m during the equivalent quarter in the previous year, a decline of 6.5%. Revenues per passenger declined by 7.3%, mainly as a result of a drop in the yield per passenger-kms, as a result of the negative effects of the ‘Operation Protective Edge’. Revenues from cargo transport increased by
Royal Aero has leased a CFM56-3 engine on a green-time lease to Sriwijaya Air, one of the largest domestic carriers in Indonesia with over 700,000 passengers per month. The special advantage of green-time leasing is the minimal level of inspection at lease return. The leasing period equals the remaining operational life of the engine (green-time),
Glyn Wall has acquired Sycamore Aviation’s aircraft decommissioning business located at Durham Tees Valley Airport (DTVA) in the UK. The Company will continue to trade under the Sycamore Aviation brand. Sycamore Aviation is fully operational at its home base at DTVA in the North East of England, and will also continue to offer its worldwide
On March 8th this year Malaysian Airlines flight M370 disappeared without trace. Initially the search started in the Gulf of Thailand and the South China Sea and then extended to the Strait of Malacca and Andaman Sea. Thereafter the search began to concentrate on the southern part of the Indian Ocean, west of Australia. An
The Aviation Register of Interstate Aviation Committee (IAC AR) issued a Supplemental Type Certificate for the Sukhoi Superjet 100 (SSJ100), permitting the usage of Vertical Navigation (VNAV) functionality at all stages of flight. The Sukhoi Superjet 100 represents the first Russian built aircraft to achieve VNAV certification at all stages of flight. IAC AR confirmed
Intrepid Aviation delivered one new Airbus A330-300 to Sichuan Airlines. The aircraft is powered by Rolls Royce Trent 772C engines and is subject to a long-term lease to the Chengdu-based airline. Intrepid Aviation is a privately held commercial aircraft lessor, which owns commercial aircraft leased to airline operators worldwide. Intrepid Aviation focuses primarily on twin-engine
B/E Aerospace board of directors has approved the separation of its Consumables Management Segment, consisting of B/E Aerospace’s aerospace distribution and energy services businesses, which will be known as KLX (KLX), through a dividend distributing all of the shares of KLX common stock on a pro rata basis to the holders of B/E Aerospace’s common
Willis Lease Finance Corporation (WLFC), the independent jet engine lessor in the commercial finance sector, and China Aviation Supplies Import & Export Corporation (“CASC”), China’s leader in aviation supplies trade, distribution and logistics, hosted a grand opening ceremony on November 7th to celebrate the launch of their new engine leasing joint venture, CASC Willis Engine
