Aircraft & Engines

El Al Israel Airlines has signed an agreement to sell and lease back two CFM engines, 56-7B, for an amount around $13-14m. EL AL leased back those engines for a period of 7 years at a lease rate of 0.75%-1.2% per month with an option to extend the contract by 5 years. As a result […]

Boeing and Pakistan International Airlines announced a firm order for five 777-300ER (extended range) airplanes. Valued at nearly $1.5bn at list prices, the order also includes purchase rights for five additional 777-300ERs. Based in Karachi, Pakistan International Airlines has been renewing its long-haul fleet to accommodate increased demand for air travel as well as to introduce

Embraer recently delivered the 300th Phenom jet, capping off the latest series of milestones which includes the assembly and first flight of the initial aircraft from the Company’s year-old Melbourne facility in Florida, USA. Embraer recently shifted global operations for its business jets from Brazil to Melbourne, where it is creating 200 engineering and technical

The A350 XWB’s new engine – the Rolls-Royce Trent XWB – has successfully made its maiden flight aboard Airbus’ dedicated A380 “Flying-Test-Bed” aircraft. The aircraft took off from Airbus facilities in Toulouse and performed a flight of more than five hours during which the engine covered a wide range of power settings at altitudes up

Rolls-Royce is to provide Philippines airline Cebu Pacific with long-term TotalCare service support for Trent 700 engines on up to eight Airbus A330 aircraft. The contract will be worth up to $280m. Cebu Pacific will use the aircraft to launch long haul operations in the second half of 2013 and these will be the first

Lion Air and the European regional turboprop manufacturer ATR signed a contract at the Singapore Airshow, for the purchase of 27 additional ATR 72-600 aircraft. Once these aircraft will be integrated into the fleet of Lion Air’s regional subsidiary Wings Air, it will become the largest operator of ATR aircraft with a total fleet of

IAE has won various new engine orders at the Sinagpore Airshow:  ICBC Financial Leasing, a subsidiary of the Industrial and Commercial Bank of China (ICBC), has entered into an agreement under which International Aero Engines will provide V2500 engines to power its fleet of 15 new A320 series aircraft. The deal is valued at $300m. Deliveries

Exclases Holdings has signed a contract for two AW169, two AW139 and two AW189 helicopters. This purchase marks the entrance of the new generation AW169 and AW189 models into the Russian market. Russian operators will benefit from the commonality in design across the AW139, AW169 and AW189 family of new generations helicopters. As well as possessing