International Lease Finance Corporation has exercised options to purchase 50 incremental A320neo Family aircraft from Airbus that were part of the agreement signed in April 2011 for 100 firm A320neo Family aircraft. Deliveries of ILFC’s NEO aircraft are expected to commence in 2015.
ATK announced the award of a contract valued at more than $50m from Rolls-Royce, to produce aft fan composite cases for the new Trent XWB-97 engine. The contract has the potential to grow to more than $200m. This Rolls-Royce engine is the sole engine now available to power the Airbus A350-1000 aircraft variant. The life-of-type
International Russian airline, Transaero Airlines (Moscow, Russia) awarded GA Telesis Engine Services Oy (“GATES”) an exclusive 10 year contract valued at up to $500m to provide engine repair and overhaul services for Transaero’s sixty-two (62) General Electric CF6-80C2 engines for their Boeing 767 and Boeing 747 fleets. Transaero will be GATES’ largest customer and the
Nordic Aviation Capital is pleased to confirm that it has successfully closed a $230m loan with institutional investment funds managed by three US investors: Highbridge Principal Strategies, Athene Asset Management and Oak Hill Advisors (Europe). The investor group was led by Highbridge Principal Strategies. Nordic Aviation Capital was advised by Clifford Chance. Knight Capital acted
GE Aviation has plans to break ground this year on an advanced composite component factory near Asheville in Western North Carolina. The new 125,000-ft² facility (next to an existing GE Aviation machining plant) would produce engine components made of advanced ceramic matrix composite (CMC) materials. GE could begin hiring at the new CMC components plant
Capital Aviation Services (GECAS) and Boeing announced at the Paris Air Show a commitment to order 10 787-10X Dreamliners, powered with GEnx-1B engines. “We have studied the capabilities Boeing is developing for the 787-10X and anticipate strong demand from our airline customers for this airplane,” said GECAS President and CEO Norman C.T. Liu. “The 787-10X
Azul added 43 CF34-10E engines to its existing 15-year OnPointSM solution services agreement with GE Aviation covering the maintenance, repair and overhaul of 190 CF34 engines powering its EMBRAER E190 aircraft. Air Canada has committed to a 5-year OnPoint solution agreement for a firm fixed price on time and material to repair and overhaul its
CFM International has successfully completed testing of the third build of the advanced eCore Demonstrator program, achieving better than expected results, validating the company’s commitment to provide 15% better fuel efficiency compared to today’s best CFM56 engines. The first full LEAP-1A engine is currently in assembly and is on track to begin ground testing this
Apollo Aviation Group, an international full service aviation asset manager, has contracted to acquire flight equipment valued at more than $220m in the first five months of 2013, including two A320 CEO family aircraft, one A330-200, one A330-300, seven B737NGs, and seven engines. Ten of these aircraft are on lease to airlines in Asia, Europe
Xiamen Airlines signed a Letter of Intent (LOI) with GE Aviation to select GEnx-1B engines to power its six Boeing 787 Dreamliners. The LOI also includes a 10-year OnPoint solution agreement for GE to provide maintenance, repair and overhaul of the airline’s GEnx fleet. The list price of the engine order and the OnPoint solution
