Willis Lease Finance Corporation (WLFC), a leading lessor of commercial jet engines, increased its revolving credit facility to $430m from $345m. The credit facility, with an interest rate equal to the one-month LIBOR plus 2.50%, is available to Willis Lease on a revolving basis for the next four years through November 2016. This and other
CFM International has continued to evolve its successful TRUEngine program by most recently creating a unique Content Assurance Guarantee (CAG) for subsequent buyers of qualified CFM56 engines. The CAG was launched in response to customer requests for more assurance of asset value upon the sale of a qualified CFM56 engine. With this guarantee, customers who
Capital Aviation Services (GECAS) has signed agreements to lease nine Airbus A319 aircraft to Las Vegas-based Allegiant Air to expand the carrier’s current fleet. All nine aircraft are powered with CFM56-5B engines. The first aircraft is scheduled for delivery to Allegiant in November 2012, with the remaining scheduled for delivery through 2015. Furthermore, GECAS delivered
Boeing’s Next-Generation 737-900ER (Extended Range) surpassed 500 orders this week. The milestone was reached when a customer converted its 737-700s to 737-900ERs. To date, the 737-900ER has logged 537 orders from 17 customers in 10 countries. Since the beginning of 2010, the 737-900ER has more than doubled the number of its customers and orders. Most
Sabena technics, one of the leading ATR aircraft maintenance providers, has signed a 5 year contract with Israir Airlines to support its ATR fleet. Sabena technics will perform component repair and overhaul services, including pool access with advanced standard exchange component services, for Israir Airlines, the growing Israeli airline based in Tel Aviv. Israir Airlines
Dublin-based global aircraft lessor, AWAS, has delivered the fifth new A320 passenger aircraft to LAN, one of the leading passenger and cargo airlines in Latin America. In late 2011 AWAS and LAN entered into a purchase and leaseback transaction for 5 Airbus A320 aircraft that the carrier had previously ordered directly from the manufacturer for
CTT Systems released that Titan Airways based in UK has placed an order for two Zonal Drying Systems to be installed in their Boeing B737-300QC aircraft. The systems, which eliminate condensation in the aircraft, are scheduled for installation during 2012. CTT’s Zonal Drying System has been selected as basic equipment for the new B787 Dreamliner
Warsaw-based Eurolot has converted options on six Q400 NextGen airliners to a firm order that will increase its fleet to 14 Q400 NextGen aircraft. Based on the list price of the Q400 NextGen airliner, the transaction is valued at approximately $190m. Eurolot’s firm order for eight Q400 NextGen airliners with 12 options was announced on
Spirit AeroSystems and Lion Air announced the signing of a supply agreement whereby Spirit Aftermarket Customer Support (ACS) will provide thrust reverser, fuselage, and wing component spare parts for Lion Air’s fleet of Boeing aircraft. This multi-year contract will enable Lion Air to obtain competitive pricing for all parts in the Spirit catalog while ensuring
AAR has received design approvals from the U.S. Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA), Europe’s airworthiness authority, to perform custom interior modifications for Boeing 717-200 aircraft operated by a startup European airline. AAR’s design modifies the 717-200 aircraft from a two-class configuration into a high-density one-class configuration. The modification also
