Intrepid Aviation delivered one new Airbus A330-300 to Cebu Pacific Air. The aircraft is equipped with Rolls Royce Trent 772B-60 engines and is subject to a long-term lease to the Philippines based carrier. This marks the first aircraft to be delivered to Cebu Pacific on lease from Intrepid Aviation. Intrepid Aviation is a privately held
American Airlines priced an offering of two classes of enhanced equipment trust certificates (the “Certificates”) in the aggregate face amount of approximately $957m. Proceeds of the offering are expected to be used to acquire equipment notes issued by the Company and secured by (a) five Airbus A319-112 aircraft delivered new to the Company in 2013,
Waypoint Leasing, a leading global helicopter leasing company, has raised a further $300m in term loans to refinance existing assets previously funded under its Revolving Credit Facility. BNP Paribas, MUFG Union Bank, N.A., RBC Capital Markets and Wells Fargo Securities acted as Lead Arrangers and were joined by asset financier Lombard, Sumitomo Mitsui Banking Corporation,
Airstream International Group has arranged, on behalf of a large US based Lessor, the dry lease of one ATR72-500, MSN638 (PK-KSC), to PT. KALSTAR AVIATION of Indonesia. MSN638 was previously owned and operated by Air Dolomiti before being purchased by the lessor as part of a three aircraft package. The aircraft will enter service in
Mid fuselage fuselage/center wing and aileron section of C919 aircraft passed airworthiness inspection at AVIC Xi’an Aircraft Industry (Group) (XAC) and was ready for delivery on August 29th, 2014. This is the second section delivered during the development of the C919 program, laying a solid foundation for airframe butt joint of the first C919 aircraft
GE Capital Aviation Services (GECAS) added a new aircraft type to its owned fleet with the completion of a purchase-and-leaseback transaction with Nok Air involving two new Bombardier Q400 NextGen turboprops. The first aircraft delivered to Nok Air on August 26th, 2014 and the second is scheduled for delivery in September. The Bombardier Q400 NextGen,
German air rescue service DRF Luftrettung has taken delivery of the first of 20 EC145 T2 from Airbus Helicopters in Donauwoerth. This new version of the EC145, certified in April 2014, is powered by the latest member of the Arriel family, the Arriel 2E. Certified in January 2013 by the European Aviation Safety Agency (EASA),
Triumph Group reported financial results for its first quarter of fiscal year 2015, which ended June 30th, 2014. Net sales for the fiscal first quarter of 2015 were $896.9m, a 5% decrease compared to fiscal first quarter 2014 net sales of $943.7m. Organic sales for the quarter decreased 6% primarily due to production rate cuts
A new chapter has been opened in the quest to make commercial air transport more environmentally and economically sustainable, with the agreement by Airbus and South Africa’s National Aerospace Centre to jointly fund research by Hydrogen South Africa (HySA) into the application of fuel cells on airliners. The initial three-year project, which will be undertaken
FLY Leasing, a global lessor of modern commercial jet aircraft, has acquired two Airbus A330-300 aircraft manufactured in 2013 and on lease to a leading airline in Asia in a sale and lease-back transaction. FLY now has a fleet of 122 aircraft on lease to more than 65 airlines in over 35 countries.
