AerCap Holdings has completed its previously announced acquisition of International Lease Finance Corporation (“ILFC”) from American International Group, (“AIG”). Under the terms of the agreement, AerCap paid AIG $3.0bn in cash and 97,560,976 AerCap ordinary shares, which represents an approximately 46% ownership position in AerCap’s ordinary share capital. In connection with the acquisition, AerCap Ireland
JorAMCo signed a contract with Jazeera Airways to provide the Kuwait-based low-cost carrier with ‘C’ check for Three A320s aircraft of its fleet, that are due for maintenance services this year. Two of these aircraft are redelivery checks leased to TAP Airlines, including other maintenance services to be provided by JorAMCo such as: C5 tasks,
Airbus Group reported first quarter 2014 results reflecting the company’s continued focus on programme execution and achieving its operational milestones. Group order intake was €21.1bn (Q1 2013: €49.5bn), with the order book value amounting to €683.2bn on March 31st, 2014 (year-end 2013: €680.6bn). Airbus received 103 net commercial aircraft orders (Q1 2013: 410 net orders),
Bombardier Aerospace has appointed CAE as its Authorized Training Provider (ATP) for Bombardier’s CRJ family of regional aircraft that includes the CRJ100/200, CRJ700 NextGen, CRJ900 NextGen and CRJ1000 NextGen aircraft. Under the ATP agreement, CAE instructors will deliver CRJ aircraft flight training courses at locations around the world. The agreement has already taken effect and
Boeing confirmed that 9 Air has committed to 50 Boeing 737s, including Next-Generation 737s and 737 MAXs. The airline intends to introduce the best-selling, 737 family of airplanes into its fleet as it prepares to launch revenue service later this year. Based in Guangzhou, 9 Air is China’s newest low-cost airline and is also a
Mexico City-based VivaAerobus formally launched its fleet transition to A320 aircraft on May 14th, after the airline started operating its first three Airbus A320 aircraft in April. The low cost carrier will receive an additional two A320s before the end of 2014. The A320s, powered by IAE, are configured in an all economy 180 seat
The European regional aircraft manufacturer ATR reported an outstanding order intake of over 100 firm ATR aircraft in the first four months of 2014. The ATR-600 series aircraft are leading the way among all regional aircraft. Since the beginning of the year, sales of new ATR -600s represent over 80% of total orders for regional
Avolon delivered a Boeing 737-800 NG to Lion Air on May 6th. This is the first delivery of a six aircraft sale and leaseback deal with Lion Air, which includes four Boeing 737-800NG aircraft and two Airbus A320-200.
Waypoint Leasing, a leading helicopter leasing company, has closed on a five year US$72.5m term loan facility led by Goldman Sachs. The facility will be used to refinance certain existing helicopters previously acquired and financed under Waypoint’s recently upsized $385m revolving credit facility. The additional debt capacity enables Waypoint to continue its significant build out
Modern Logistics S.A., Brazil’s first logistics company to integrate air operations within its supply chain, has signed a comprehensive diagnostics services agreement with CFM International for the CFM56-3 engines powering its Boeing 737-400 freighter aircraft. Modern Logistics will begin operations with 737-400 special freighter airplanes later this year as it launches the air solution portion
