Embraer and KLM Cityhopper have signed a firm order for 21 E195-E2 aircraft, plus 14 purchase rights. The 21 firm positions will be acquired via operating leases from Embraer lessor partners Aircastle and ICBC Aviation Leasing. The order was previously announced as a Letter of Intent for 15 firm orders with 20 purchase rights at
Colorful Guizhou Airlines has finalized a 12-year Rate-Per-Flight-Hour (RPFH) agreement for LEAP-1A engines that will power the airline’s future fleet of up to 35 Airbus A320neo aircraft, along with five spare engines. The agreement is valued at approximately US$1.0 billion at list price. The contract was signed in conjunction with French President Emmanuel Macron’s state
The founders of Iceland’s newest airline have announced that Play will be the carrier’s name and they have also revealed the airline’s striking red livery. Play is due to commence commercial cargo-only operations in December and will initially lease Airbus A320 medium-range jets. However, the company has yet to obtain an air operator’s license, though
The Board of Directors of Safran has selected Olivier Andries as successor to Philippe Petitcolin in the position of Chief Executive Officer with effect on January 1, 2021, after a transition period of one year starting on January 1s, 2020. As of that date (1/1/2020), Andries will serve under Petitcolin’s authority. Andries has demonstrated all
International Consolidated Airlines Group (IAG) and Globalia have signed a definitive transaction agreement under which IAG’s wholly owned subsidiary, IB OPCO Holding S.L. (Iberia), has agreed to acquire the entire issued share capital of Air Europa Líneas Aéreas, S.A.U (Air Europa) for €1 billion to be satisfied in cash at Completion and subject to a
As part of its continued move away from commercial aviation, Bombardier has announced that it is to sell its aerostructures business to Spirit AeroSystems (Spirit) for US$1 billion in cash and debt. The deal is expected to finalize in the first half of 2020. Spirit will acquire Bombardier’s Belfast plant, another in Morocco and a
Billionaire Petter Stordalen, a Norwegian businessman, hotel and property developer has, together with private equity firms TDR Capital and Altor, purchased the Nordic arm of the now failed Thomas Cook travel agent and airline. The triumvirate has acquired the Ving Group, which includes such brand names as Globetrotter, Spies and Thomas Cook Airlines Scandinavia, which
With the signing of its latest order for a combined total of 300 A320neo, A321neo and A321XLR Airbus aircraft announced October 29, InterGlobe Aviation Limited (IndiGo) has now taken its total orders for the A320 Family aircraft to 730 since it took delivery of its first A320neo in March 2016, while currently having an operating
Monday, October 28, saw Sir Richard Branson’s Virgin Galactic Holdings Inc. (Virgin Galactic) become the first space-tourism enterprise to go public as it traded on the New York Stock Exchange (NYSE). The listing was the result of a merger with a currently trading shell investment company, Social Capital Hedosophia, and has now secured critical funding
Stock in Norwegian Air (Norwegian) soared by as much as 23% as the Scandinavian airline not only announced a Q3 net income of NOK1.67 billion, up from a previously forecast NOK 1.47 billion, but also announced a leasing deal to offload 27 new Airbus jets it is committed to purchasing. Norwegian has raised its 2019
