Aircraft & Engines

Austrian Airlines signs wet lease agreement with Adria Airways

Austrian Airlines will start a wet lease agreement with its Star partner Adria Airways. The aim of the agreement is to have reserve aircraft available to enable greater flexibility in flight planning. Austrian Airlines will lease the aircraft along with cockpit and cabin crew – one as of September 16, 2017 and the other as […]

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Malaysia Airlines signs Memorandum of Understanding for 16 Boeing airplanes

Boeing and Malaysia Airlines Berhad (Malaysia Airlines) today signed a Memorandum of Understanding for 16 airplanes during a ceremony at the St. Regis Hotel in Washington D.C. The announcement includes eight 787-9 Dreamliners by converting eight of Malaysia Airlines’ existing order of the Boeing 737 MAX aircraft and eight additional purchase rights of the 737

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Cathay Pacific finalises order for 32 A321neo aircraft

Cathay Pacific Airways has finalised an order with Airbus for 32 A321neo single-aisle aircraft. The aircraft will be operated by Cathay Dragon, the regional carrier of the Group, on services linking its Hong Kong home base with destinations across Asia. The purchase agreement firms up an MOU announced last month. The new A321neo aircraft will

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Bombardier Commercial Aircraft forecasts strong opportunities for 60- to 150-seat segment

Bombardier Commercial Aircraft has released its 20-year Market Forecast for the 60- to 150-seat segment. According to this new 2017-2036 Market Forecast, the 60- to 150-seat segment will be a catalyst to further growth, market penetration and airline profitability. The complete market is seen as 12,550 aircraft worth US$820bn, based on 2017 list prices. The

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DAE to lease two new Airbus A320 aircraft to Vueling

Dubai Aerospace Enterprise (DAE) has announced its leasing division DAE Capital and Spanish low-cost carrier Vueling have completed lease agreements for two Airbus A320 aircraft. These modern, fuel efficient planes will be delivered in 2018 and will be equipped with IAE V2527-A5 SelectTwo engines. These aircraft form part of a direct order DAE has with

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Rolls-Royce secures incremental order from United Airlines

Rolls-Royce is to provide additional Trent XWB engines to United Airlines following the airline’s announcement that it will update and expand the number of Airbus A350 XWB aircraft on order from 35 A350-1000 to 45 A350-900. Long-term TotalCare service support will be provided for all the engines. The Trent XWB has already delivered exceptional levels

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TrueNoord purchases two ATR 72-600 aircraft with leases attached from Castlelake

TrueNoord has purchased two ATR 72-600 aircraft from global private investment firm, Castlelake. This investment continues the highly targeted on-going development and global growth strategy for the TrueNoord fleet under lease, following investment from private equity firms Bregal Freshstream and BlackRock. The purchase of the two ATR 72-600 aircraft from Castlelake has recently been completed.

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AviaAM Financial Leasing China hands over 7th Airbus A320 to Aeroflot

AviaAM Leasing has reported that its joint venture with the Henan Civil Aviation Development and Investment Company (HNCA) – AviaAM Financial Leasing China – has delivered the 7th brand new Airbus A320 family aircraft to Aeroflot – Russian Airlines. The delivery took place at Airbus facilities in Toulouse, France. On the 6th of September the

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Boeing raises forecast for new airplane demand in China

Boeing has projected a demand for 7,240 new airplanes in China over the next 20 years valued at nearly US$1.1 trillion. Boeing’s annual China Current Market Outlook (CMO) was released on September 6, in Beijing, with total airplane demand rising 6.3% over last year’s forecast. “China’s continuous economic growth, significant investment in infrastructure, growing middle-class

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