Pratt & Whitney Canada (P&WC) has received Transport Canada type certification for the PT6C-67E turboshaft engine, that will power Eurocopter’s EC175 helicopter. The Eurocopter EC175 is a new multirole helicopter and the PT6C-67E is the latest turboshaft engine in the PT6C-67 family for the medium class helicopter segment. “The PT6C-67E engine is the latest in
Lufthansa has completed the sale of British Midland (bmi) to International Airlines Group (IAG). The completion of the sale took place after close of business on 19th April 2012. The gross purchase price amounts to GBP 172.5m (approx. €207m). Because price adjustments were agreed as part of the transaction structure, the net purchase price will
International Lease Finance Corporation (ILFC) has closed a $203 million bank loan arranged and underwritten by DVB Bank. ILFC will use the financing for the acquisition of seven new aircraft delivering in 2012. The financing is for six years and is at an average rate of approximately 4.7%.
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
