Hong Kong Aircraft Engineering Company Limited (HAECO) and Cathay Pacific Airways have teamed up to form a joint venture company, HAECO ITM Limited (HXITM) in Hong Kong, to provide inventory technical management services to Cathay Pacific, Dragonair, as well as other airline customers. HAECO ITM services primarily cover provisions and pool management of components inventory,
Airstream International Group has arranged the sale of an ATR42-320 on behalf of Antrak Ghana. The aircraft, serial number 086, has been purchased by Magellan Group of Shannon, Ireland and Charlotte, NC, USA. This is the sixteenth aircraft that Airstream has sold or placed on lease in 2012.
GE Capital Aviation Services (GECAS) will lease two modern Embraer E190 aircraft, powered by GE engines, to Myanma Airways, the flag carrier of Myanmar. The aircraft are scheduled for delivery in November and December 2012. Myanmar becomes the 76th country where GECAS leases aircraft.
Bombardier Aerospace welcomed Eznis Airways to the growing family of Bombardier Q400 aircraft operators. Eznis Airways, the largest private airline in Mongolia, has acquired a previously owned Q400 aircraft and has started service in the country with the fast and fuel-efficient turboprop. Eznis acquired the Q400 aircraft through Nordic Aviation Capital, the Denmark-based leasing company.
Boeing delivered the first 777 Freighter to Ethiopian Airlines, marking the first 777F to be operated by an African carrier. The 777F is being leased to Ethiopian Airlines from GECAS. The 777 Freighter is based on the technologically advanced 777-200LR (Longer Range) passenger airplane and can fly 4,900 nautical miles (9,070 kilometers) with a full
Lufthansa has announced plans to build a modern logistics centre at Frankfurt Airport. At its meeting today, the Lufthansa Group Supervisory Board approved the investment in the necessary infrastructure for Lufthansa’s cargo business. The building, which will replace the existing over 30-year-old Lufthansa Cargo Center, is due to go into operation in 2018. The new
Boeing and Avolon, the international airplane leasing company, finalized a firm order for 10 737 MAX 8s, 5 737 MAX 9s and 10 Next-Generation 737-800s. The order, first announced as a commitment at the Farnborough Airshow in July, has a current list-price value of $2.4bn.
Atlas Air Worldwide Holdings, a leading global provider of outsourced aircraft and aviation operating services, has reached an agreement with DHL Express for placement of its sixth and seventh Boeing 747-8 Freighter aircraft. These aircraft will be operated by Atlas Air Worldwide’s unit, Atlas Air, in the Polar Air Cargo Worldwide express network under an
U.S. Bank Trust National Association, not in its individual capacity but solely as Owner Trustee, has sold two B757-200 aircraft (25276 and 26702), previously leased to United Air Lines, to Aerolease 3, an affiliate of Aerolease Aviation. SkyWorks Leasing assisted U.S Bank in connection with the lease return and arranged the sale of the aircraft.
Finnair has selected IAE International Aero Engines to supply engines for its five new Airbus A321 extended range aircraft, entering the Finnair fleet from September 2013. The IAE V2533-A5 engines offer Finnair a significant advantage in fuel efficiency over the competition, saving about 300 tons of fuel per year per aircraft, according to aircraft supplier
