Aircraft & Engines

FLY Leasing, a leading global lessor of modern commercial jet aircraft, announced the completion of the following transactions during 2013: the company signed agreements to lease 36 aircraft, purchased 14 aircraft, including one A320, eleven B737-NGs, one B777-300ER and one B787-8 and sold ten aircraft (average age 13.6 years) for a net gain of $6.3m. […]

Airbus’ A350 XWB MSN3 development aircraft with a team of 48 Airbus specialists have arrived at Iqaluit, Canada for several days of cold weather trials. The various tests for the aircraft its engines and its systems include a ‘cold soak’ down to minus double-digit temperatures. The scope of the trials include: APU and engine starts

GE Capital Aviation Services (GECAS) delivered two new leased Boeing 737-800 aircraft to China Southern Airlines. These are the first of 10 new Boeing 737-800s scheduled for delivery in 2014 on lease from GECAS as part of the airline’s fleet renewal program. The 10 aircraft come from GECAS’ existing order book with Boeing.

Lion Group has selected CFM International’s CFM56-5B engine to power 60 firm Airbus A320ceo (current engine option) aircraft. The agreement is valued at more than US$1.2bn at list price. The aircraft order was announced in March 2013. Jakarta, Indonesia-based Lion Group has been a CFM customer since the year 2000 and recently took delivery of

GE Capital Aviation Services delivered a new leased Boeing 777-300ER aircraft to Ethiopian Airlines. The new aircraft comes from GECAS’ existing order book with Boeing and is part of the airline’s ongoing ambitious fleet expansion plans.

Horizon Air took delivery of the airline’s 51st Q400 turboprop airliner. The aircraft, which is a NextGen model, is the last of three ordered by Horizon Air in June last year, solidifying the airline’s position as the world’s largest operator of Q400 aircraft. Established in 1981, Horizon Air was acquired in 1986 by Alaska Air

On behalf of Sverigeflyg Leasing AB of Sweden, Skyworld Aviation has arranged the sale of three Saab 340B aircraft to NextJet, also of Sweden. Serial numbers 176 (SE-KXI), 215 (SE-LJS) and 221 (SE-LJT) have been on lease to NextJet since 2010 and the sale contract was concluded at the end of last year. Skyworld Aviation

International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group (AIG), completed a total of 281 lease transactions in 2013 including both extensions and new leases of aircraft from ILFC’s portfolio. Furthermore, during 2013, the company ordered 165 new aircraft, purchased 38 aircraft (including the aircraft delivered on sale-leaseback agreements), sold 40

GE Capital Aviation Services Limited (GECAS) reported the delivery of two new leased Embraer E190 aircraft to Air Costa, a new Indian airline focused on regional operations. Air Costa is promoted by the LEPL Group – a major urban infrastructure player in India. Air Costa started operations in October 2013 and currently flies to six

GE Capital Aviation Services (GECAS) announced an order for 40 737s. The order, with a list-price value of approximately $3.9bn, consists of 20 737 MAX 8s and 20 Next-Generation 737-800s. The follow-on order increases the GECAS order book for the 737 MAX to 95 airplanes and the 737NG to 387 airplanes.