EL AL Israel to equip aircraft with WheelTug Aircraft Drive System

EL AL Israel Airlines and WheelTug plc announced their execution of a Letter of Intent to enter an agreement under which EL AL will obtain a substantial part of the initial production of WheelTug Aircraft Drive Systems for Boeing 737NG Aircraft for installation on their own aircraft subject to financial and operational feasibility checks and regulatory approvals. 

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IAG and Lufthansa reach agreement on sale of BMI

International Airlines Group (IAG) and Deutsche Lufthansa AG have reached an agreement in principle for the sale of British Midland Ltd (BMI) to IAG.  The sale and closing of the deal remain subject to conditions including a binding purchase agreement, further due diligence and regulatory clearances. It is envisaged that the purchase agreement will be signed in the

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GECAS delivers two new Airbus A320s to Cebu Pacific Air

GE Capital Aviation Services announced delivery of two new Airbus A320 aircraft to the Philippine’s Cebu Air. The aircraft come from GECAS’ existing order book with Airbus and will assist with the airline’s rapid growth. Cebu Pacific Air operates a fleet of some 40 aircraft to 34 domestic destinations and 16 international destinations in 10

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BOC Aviation leases one new A320-200 aircraft to TransAsia Airways

BOC Aviation has signed an agreement with TransAsia Airways for the lease of a new A320-200 aircraft.  The aircraft, powered by IAE2527-A5 SelectOne engines, is scheduled for delivery in March 2012.  This deal marks the first time that BOC Aviation has leased its own aircraft to a Taiwanese carrier.

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Atlas Air takes delivery of first 747-8 Freighter

On November 3rd, Atlas Air Worldwide Holdings took delivery of the first 747-8 Freighter. The delivery is the first of nine 747-8 Freighters Atlas Air has on order. Atlas Air’s 49% subsidiary, Global Supply Systems (GSS), will operate the new freighter for British Airways World Cargo through a five-year wet-lease agreement. As part of the lease

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