Aircastle completed the first part of the Company’s previously announced $900m purchase and leaseback agreement with LATAM Airlines Group S.A. for eight Boeing 777-300ER aircraft. Together with the four Boeing 777-300ERs acquired thus far in this transaction, Aircastle acquired a total of eight aircraft with a cost of $715m during the first quarter of 2014.
Finnair signed the Memorandum of Understanding (MoU) with Novus Aviation Capital on the sale and leaseback of two Airbus 330 aircraft owned by Finnair. The transaction has now been finalized for one of the two aircraft. The sale and leaseback agreement for the second aircraft included in the MoU is expected to be concluded by
The European Aviation Safety Agency (EASA) has granted Part 145 certification to AerSale’s aircraft heavy maintenance & storage facility located in Roswell, NM. This additional certification is part of AerSale’s expansion initiatives developed to increase its maintenance and storage services offering to multinational aircraft owners/lessors who redeploy aircraft in EASA regulated jurisdictions.
New agreements announced at the FIDAE 2014 air show has further underscored Airbus Helicopters’ strong presence in the Southern Cone area of Latin America, with contracts and commitments involving military, security and energy-sector customers. Building on a market leadership position that has seen its turnover double during the past four years, the Airbus Helicopters Cono
Embraer delivered the first E175 to SkyWest, based in the State of Utah, U.S. The aircraft is part of the firm order signed by the airline last year, for 40 E175 aircraft. SkyWest Airlines will operate the aircraft as United Express for United Airlines. The E175s are configured in a dual-class 76-seat layout. An additional
Lufthansa Technik AG and LIST components & furniture GmbH have founded the joint venture company INAIRVATION, in which each of the two companies holds a 50% stake. The new company combines the experience of Lufthansa Technik as one of the world’s leading providers of VIP aircraft cabin conversions and manufacturer of in-flight entertainment electronics with
International Lease Finance Corporation (ILFC) has entered into an agreement with Donghai Airlines Co., Ltd for the lease of two used Boeing 737-800 aircraft, which have already been delivered to the airline.
Embraer Executive Jets selected Universal Aviation, the ground support division of Universal Weather and Aviation, to operate the Fixed Base Operation (FBO) of the Company’s new Service Center at Bertram Luiz Leupolz Airport (SOD) in Sorocaba, 50 miles west of São Paulo’s state capital. Universal Aviation will serve the Company’s current customers, as well as
Kenya Airways has selected AFI KLM E&M to provide component support services for a total of nine Boeing 787 Dreamliners currently on order and scheduled for delivery between March 2014 and end-2015. Billed power by the hour, the contract also includes pool access and a Main Base Kit pre-positioned at the client’s Nairobi base.
Romanian aerospace company Aerostar has won a contract from Tanzanian-based low-cost carrier Fastjet for the heavy maintenance of two of the airline’s fleet of three Airbus A319 airliners. The first of the aircraft arrived at Aerostar’s Bacau facility in February for its annual ‘C’ check and was redelivered on March 13, with the second aircraft
