Jackson Square Aviation (“JSA”) reported the first of seven Airbus A320 deliveries to Concesionaria Vuela Compania de Aviacion (“Volaris”). This delivery is in connection with a long-term operating lease, for which DVB Bank SE provided senior debt. JSA has also provided PDP financing to Volaris in connection with this transaction.
International Lease Finance Corporation (ILFC) has completed an agreement to lease six new B787-8 aircraft and two new 787-9 aircraft plus two new 787-9 aircraft options to Thai Airways. All the leases are for a 12-year leasing term. The agreement calls for ILFC to lease eight Boeing B787-8/9s to Thai Airways between 2014 and 2017.
GE Aviation announced that it will open a new manufacturing facility in Ellisville, Miss., to meet accelerating global demand. GE will invest $56 million in the new facility. The company is targeting for production to begin in 2013 and will create 250 new high-tech manufacturing jobs by 2016. The 300,000-square foot facility will manufacture advanced
FL Technics has purchased 7 Boeing 737-300 aircraft for tear down into parts and components. The disassembled aircraft components will be used to form and maintain a wider stock of B737 CL spare parts and components as well as to expand FL Technics warehouse portfolio capabilities. FL Technics‘ decision to acquire Boeing 737-300 from the
Rolls-Royce reported a development agreement with GippsAERO, a wholly owned subsidiary of Mahindra Aerospace. Under the agreement, Rolls-Royce will supply M250-B17F/2 turboprop engines for the GA-10, a new 10-passenger fixed-wing plane that will deliver enhanced performance, fuel efficiency and reliability. Rolls-Royce will work with GippsAERO to obtain certification for the GA10, which is currently in
GE Aviation has completed all engine certification testing, including design assurance, development, operability and environmental tests, for its new H80 turboprop engines. The development program consisted of more than 25 full or partial engine builds, with testing that included low-cycle fatigue, hot section endurance, operability, component and endurance testing. The H80 engine will be GE’s
Lufthansa has placed a firm order for 30 Airbus A320neo Family aircraft. This contract follows the selection by the Lufthansa Supervisory Board of the A320neo Family in March this year. The order comprises 25 A320neo and five A321neo aircraft. These will be powered by new-generation Pratt & Whitney PW1100G turbofan engines. With this latest order
Airbus and Satair A/S, a Danish company listed on the NASDAQ OMX Copenhagen, have entered into an agreement under which Airbus will offer the shareholders of Satair a price of DKK 580 in cash per share – and the warrant holders in Satair a price of DKK 378.661 per warrant. The acquisition will be effected
Vueling reported that it made a net profit of 3.6 million euros in the second quarter of 2011. Despite the sharp increase in the price of fuel (+51% compared with the same period of last year), Vueling managed to make a net profit of 3.6 million euros. EBIT was also positive, totalling 4.2 million euros,
IAG has confirmed the firm order of eight of Airbus’ eco-efficient A330 Family aircraft for Iberia’s fleet following the preliminary Memorandum of Understanding signed earlier this year. The A330 will be Iberia’s only twin engine wide body aircraft, and will fit perfectly into its existing Airbus fleet, given the unique commonality between the Airbus’ short haul
