Avolon, the international aircraft leasing group, issues its 2012 first quarter update announcing that its fleet now exceeds 100 aircraft and that total capital raised has reached $4.6bn. Avolon’s fleet reached 103 aircraft during the first quarter comprising 99 owned and 4 managed aircraft. Avolon delivered 9 aircraft during the quarter (7 single-aisle and 2
GE Capital Aviation Services (GECAS announced the delivery of three owned Embraer 170s to Régional Compagnie Aérienne Européenne, the wholly owned regional airline subsidiary of Air France. By the end of June, GECAS will redeliver six Embraer 170s to the airline, which is building an all-jet fleet. Three of these six aircraft are serviced by
Amentum Capital has extended operating leases of two A319s (MSNs 3533 and 3560) to Hamburg Airways Luftverkehrsgesellschaft mbH. Amentum Capital acted on behalf of Global Aircraft Fund I (GAF I), a $1.2bn closed-end fund that invests in modern commercial aviation assets operating worldwide.
The Qantas Group has selected CFM International’s advanced LEAP-1A engine to power 78 Airbus A320neo aircraft currently on order. The engine order is valued at US$2.0bn at list price, including spare engines. This latest announcement takes total LEAP orders and commitments to more than 3,500 engines. In addition to the LEAP-1A being an option on
Pratt & Whitney Global Service Partners’ Turkish Engine Center, recently celebrated delivery of its 100th overhauled CFM56 engine to Turkish Airlines. The Turkish Engine Center is a joint venture between Pratt & Whitney and Turkish Technic. A wholly-owned subsidiary of Turkish Airlines, Turkish Technic was established in May 2006 to provide airframe, line maintenance, Auxiliary
Jackson Square Aviation has joined the growing list of leasing companies to recognize the value of CFM International’s TRUEngine program, qualifying 28 CFM56-5B and 46 CFM56-7B engines in its portfolio. The TRUEngine designation serves as a method for identifying engines with CFM-approved content and facilitates product support of the engine system. Moreover, industry stakeholders can
FL Technics extended its cooperation with UK based low cost carrier easyJet, by signing a three-year agreement for line maintenance services on nine Airbus A319 aircraft, at Manchester Airport and Newcastle International Airport. Following the completion of a tender issued by easyJet, the two companies extended the current line maintenance contract until 2015. According to
Embraer reported that in the first quarter of 2012 (1Q12), it delivered 21 jets to the commercial aviation market and 13 to business aviation. This result surpassed the 20 commercial and eight executive jets recorded in the same period of 2011. On March 31, 2012, the firm order backlog totaled US$ 14.7 bn. The E-Jets
Honeywell and Inmarsat have signed an exclusive agreement to provide global in-flight connectivity services to business, commercial, and government aviation customers around the world. Under the terms of the agreement, Honeywell will develop, produce, and distribute the onboard hardware that will enable users to connect to Inmarsat’s Global Xpress network. This exclusive agreement is estimated
In its effort to increasingly meet regional operator demands, OGMA has been certified by the Russian Civil Aviation Authorities with respect to EMBRAER 135/145 maintenance services (Base & Line). The certification now granted by the Russian Federal Air Transport Agency adds up to other approvals currently held by OGMA and issued by the Aviation Authorities
