Aircraft & Engines

Vector Aerospace centralises Pratt & Whitney Canada PW300 Series capability in the UK

Vector Aerospace, a global independent provider of aviation maintenance, repair and overhaul (MRO) services, announced extended coverage from its UK facility for Pratt & Whitney Canada’s PW300 turbofan engine. Vector Aerospace’s Fleetlands site in Gosport has been a Designated Overhaul Facility (DOF) for the PW307A (Dassault Falcon 7X), PW308A (Hawker 4000) and PW308C (Dassault Falcon […]

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China Express Airlines orders 10 more Bombardier CRJ900 jetliners

China Express Airlines (China Express) has placed a firm order for 10 CRJ900 regional jets, raising its total orders for this model of aircraft to 38. With this transaction, China Express has exercised eight previously acquired options for CRJ900 aircraft. To date, 20 of the CRJ900 aircraft ordered by China Express have been delivered. Based

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SAS completes Pre-Delivery Payment Financing for five Airbus aircraft with DVB

SAS has secured a Pre-Delivery Payment Financing Facility (PDP Facility) with DVB Bank covering a portion of the pre-delivery payments that SAS is making for five Airbus A320neo under the aircraft order with Airbus. The PDP Facility is structured as a revolving credit facility under which SAS may draw up to US$46m. Through this agreement,

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Air Lease Corporation sells ATR fleet to Nordic Aviation Capital

Air Lease Corporation has sold 25 ATR aircraft in its fleet to Nordic Aviation Capital A/S. These ATR aircraft have served ALC well in meeting the demand from airline customers operating shorter sector lengths. As the business has matured, ALC has focused more on its mainline jet aircraft operations with these turboprop aircraft now accounting

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Intrepid finances one Airbus A330-300 with DVB Bank and one Airbus A330-300 with Credit Agricole CIB

Intrepid Aviation announced the financing of one new Airbus A330-300 with DVB Bank. The aircraft delivered December 18th on long-term lease to Evelop Airlines. In addition, Intrepid Aviation also announced the financing of a second new Airbus A330-300 on long-term lease to EVA Airways. The transaction was arranged by Credit Agricole CIB as Mandated Lead

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Finnair signs memorandum of understanding with GECAS and BOC Aviation

Finnair has entered into a memorandum of understanding with GECAS, on the sale and leaseback of two Airbus A350 aircraft. The financing will cover Finnair’s 6th and 7th A350 deliveries, which are currently scheduled to enter the Finnair fleet in July 2016 and February 2017, respectively. The value of the transaction at present foreign exchange

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GECAS delivers leased Airbus A320 to VivaColombia

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, reported delivery of a leased Airbus A320 to low-cost carrier VivaColombia. VivaColombia has a fleet of nine Airbus A320s, including this aircraft, operating on 20 domestic routes within Colombia and six international routes to Panamá, Quito, Lima and Miami.

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Embraer delivers first two E195s to Tianjin Airlines

Embraer has delivered the first two E195 jets to Tianjin Airlines, the launch customer of this aircraft model in China. These two aircraft are part of the sales agreement Tianjin Airlines signed with Embraer in 2014 for 20 E195 and 20 E190 E2 jets, during Chinese President Xi Jinping’s visit to Brazil. Currently, Tianjin Airlines

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GECAS completes purchase-and-leaseback transaction for two Airbus A350s with Finnair

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, today announced it completed a purchase-and-leaseback transaction involving two new Airbus A350-900 XWB aircraft with Finnair. The aircraft delivered in October and December and are part of Finnair’s long-haul fleet renewal program.

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