AWAS has closed its first Private Placement Term Loan. Aviation Finance Company (AFC) acted as Lead Arranger and Sole Book Runner, with CACIB, Goldman Sachs and Wells Fargo as Co-Leads and BNP Paribas as Manager. The proceeds from the transaction were used to repay the existing debt on ten young narrow-body aircraft and for general
Aviation Technical Services (ATS) and Qantas recently entered into an Engineering Services Agreement, which focuses on improving efficiency and reducing the maintenance cost of Qantas’ fleet of more than 75 Boeing 737 aircraft. The program will enhance elements of Qantas’ aircraft maintenance program through multiple phases of improvement that target everything from availability of material
Lufthansa Technik AG has now equipped the newest Lufthansa aircraft with a Premium Economy cabin. The Boeing 747-8 “Yankee Quebec” arrived – fresh from the factory in Seattle – on August 30th in Frankfurt, where it received its new Premium Economy Class in mid-September during a layover for the completion of the cabin interior. By
EPCOR has signed a long-term contract with Air Canada covering maintenance of the APS 5000 APUs installed on its fleet of 37 Boeing 787 Dreamliners already in revenue service or scheduled for delivery through to 2019. The contract also provides for spares provisioning through a dedicated pool of APUs. Repairs will be carried out at
AerCap Holdings completed 134 aircraft transactions during the third quarter of 2014 and signed lease agreements for 84 aircraft. The company delivered 26 aircraft under contracted lease agreements and purchased nine new aircraft, including five Boeing 787-8s, three Boeing 737-800s and one Airbus A321-200. AerCap also executed sale and part-out transactions for 15 aircraft, including:
Russian airline Red Wings and Sukhoi Civil Aircraft Company signed a rental agreement for three Sukhoi Superjet 100 aircraft. The aircraft will be handed over to the airline by the end of 2014 for one year with the possibility of extension. Red Wings airline plans to operate Sukhoi Superjet 100 in Russia: from Moscow to
CFM International’s LEAP engine took to the skies for the first time on October 6th, on a modified 747 flying testbed at GE Aviation Flight Test Operations in Victorville, California, launching the next phase of testing for the advanced engine program. The engine behaved well and completed multiple aeromechnical test points at various altitudes during
Finmeccanica-Alenia Aermacchi selected Williams International FJ44-4M to power the new M-345 HET (High Efficiency Trainer) aircraft. FJ44-4M is the fully aerobatic version of FJ44-4A engine. It is a modern two–spool co–rotating turbofan engine with medium bypass ratio, mixed exhaust, and high cycle pressure ratio. FJ44-4M is in the class of 3400 lbs thrust with low
GA Telesis has signed an MOU to distribute and sell serviceable LRU components for Airbus and Boeing platforms stocked by Ontic, a BBA Aviation company. The partnership between the companies will ensure that Ontic’s customers are covered worldwide by GA Telesis’ expansive sales and distribution network. While the initial focus of the partnership will be
Norwegian has selected Rolls-Royce Trent 1000 engines for nine additional leased Boeing 787-9 Dreamliner aircraft. This brings the total number of Norwegian’s Trent 1000-powered Boeing 787 Dreamliners to 17. All of the engine sales are already accounted for in the Rolls-Royce orderbook. In addition, the airline has also ordered long-term TotalCare service support for engines
