A wholly-owned subsidiary of Air Lease Corporation(the Company) has entered into a joint venture with a co-investment vehicle (the “JV Partner”) arranged by Napier Park Global Capital for the purpose of investing in commercial aircraft and leasing them to airlines around the globe. The newly formed entity with committed equity and debt capital is named
As part of the German Government’s 2010 austerity package, January 2011 saw the introduction of an Air Tax in Germany. In simple terms, this affected all outward-bound and internal fights only, with the tax levied at the rate of €8.00 for short-haul flights up to 2,500km, which covered most of Europe, €25.00 for medium-haul flights
Air Canada reported third quarter adjusted net income of CA$457m compared to adjusted net income of CA$365m in the third quarter of 2013, an improvement of CA$92m. EBITDAR (earnings before interest, taxes, depreciation, amortization and aircraft rent) amounted to CA$749m compared to EBITDAR of CA$626m in the third quarter of 2013, an improvement of CA$123m.
Etihad Airways, the national airline of the United Arab Emirates, reported the recruitment of 40 fully-qualified pilots from Alitalia, the national airline of Italy, as part of a large-scale global campaign to hire between 500 to 600 captains and first officers over the next three years. The new recruits are currently in the process of
Boeing and Air Canada announced an order of two additional 777-300ER (Extended Range) airplanes. The order, previously listed as unidentified on Boeing’s Orders & Deliveries website, is valued at US$660m at list prices. Air Canada currently operates 23 777s, including 17 777-300ERs and six 777-200LRs (Long Range).
The final assembly of Airbus’ first A330 with the new 242 tonne maximum take-off-weight (MTOW) capability is underway at the A330 Final Assembly Line in Toulouse, France. The aircraft is currently completing its structural assembly before the cabin integration phase and will be used for certification flight trials. A second aircraft is being assembled in
China Aircraft Leasing Company (CALC), the leading independent aircraft operating lessor in China, has signed a Memorandum of Understanding (MoU) with Airbus for 100 A320 Family aircraft. The commitment comprises 74 A320neo, 16 A320ceo and 10 A321ceo. Including this new commitment, CALC’s total order tally with Airbus stands at 140 A320 Family aircraft. The A320neo
In the third quarter of 2014, Embraer delivered 19 commercial and 15 executive jets. The Company’s firm order backlog ended 3Q14 at US$ 22.1bn, an all-time Company record. As a result of lower total aircraft deliveries, partially offset by higher revenues from the Company’s Defense & Security business, third quarter revenues were US$1,239.7m, for a
AerData, the provider of software and services for the aviation industry announced that Amedeo, a widebody aircraft lessor based in Dublin, has selected AerData CMS and STREAM software. Corporate Management System (CMS) is an industry-leading platform that supports all business processes in aircraft lease and asset management. Secure Technical Records for Electronic Asset Management (STREAM)
Air Transport Services Group, the leading provider of medium wide-body aircraft leasing, air cargo transportation and related services, reported consolidated financial results for the quarter ended September 30, 2014. Pre-tax earnings from continuing operations increased 25% to US$15.6m driven by a US$7.0m improvement in airline profitability compared with a year ago. Net earnings from continuing
