TrueAero received its first consigned A320 “End of Life” aircraft which has completed the part-out process and will now be re-distributed from TrueAero’s 50,000 ft² facility in Sebastian FL. One of the CFM56-5A engines will be placed on lease and the other parted out, significantly increasing the consignors net return.”
Eclipse Aerospace announced the first customer delivery of an Eclipse 550 Twin-Engine Jet in Albuquerque, N.M. following Federal Aviation Administration (FAA) certification. Eclipse Aerospace announced the start of production of the Eclipse 550 Jet at their Albuquerque facility in June of 2012. Since then, EAI has engaged in a major effort to validate and improve
Aircastle announced it plans to offer an aggregate of $400m principal amount of its senior notes due 2021. Aircastle plans to use the net proceeds of the offering, together with cash on hand, to fund the repayment or redemption of its 9.75% senior notes due 2018. Goldman, Sachs & Co., BNP Paribas Securities Corp., Citigroup
Embraer Commercial Aviation rolled out the first E175 featuring a range of aerodynamic improvements that reduce fuel burn compared to the previous production aircraft. The modifications include the introduction of a new wingtip, systems optimization, and streamlining of aerodynamic surfaces. The aircraft was presented to Embraer employees at a ceremony at the company’s São José
Indian low cost carrier SpiceJet announced the purchase of 42 Boeing 737 MAX aircraft powered by CFM International’s LEAP-1B engines. The engine order is valued at $1.1bn at list price. SpiceJet, a long-time CFM customer, currently operates a fleet of more than 40 CFM56-7B-powered Boeing Next-Generation 737-800 and 737-900ER aircraft.
AeroCentury, an independent aircraft leasing company, reported its operating results for the fourth quarter and year ended December 31, 2013. The Company reported a net loss of $1.4m for the fourth quarter of 2013, compared to net income of $1.8m for the fourth quarter of 2012. However, for the year ended December 31, 2013, the
TP Aerospace Leasing has been chosen by Danish cargo airline Star Air to provide a long-term B767 Wheel Flat Rate (WFR) program in support of its 12ea B767 aircraft currently in operation. Star Air, part of the A.P. Moller-Maersk Group is one of Europe’s premier cargo airlines. With TP Aerospace Leasing’s highly flexible, cost effective
GE Capital Aviation Services Limited (GECAS) completed a purchase-and-leaseback transaction with Finnair for two Airbus A330-300 aircraft.
Air Namibia und Lufthansa Technik continuing their cooperation. The technical support provided since the airline began operating in 2006 is now being continued through a Total Technical Support TTS contract valid through 2018. As part of its comprehensive supply of the airline’s current long-haul fleet of two factory new Airbus A330s, Lufthansa Technik has been
Tigerair Australia has expanded its partnership with BAE Systems, creating up to 40 new jobs at three airports. BAE Systems is now delivering line maintenance services for Tigerair’s fleet of A320 aircraft at Melbourne, Sydney and Brisbane airports for the next five years. Line maintenance provides overnight checks on terminating aircraft and 24 hour coverage
