Aircraft & Engines

Asia-Pacific airlines to acquire 8,000 new aircraft over next 20 years

Airlines in Asia and the Pacific will acquire some 8,000 new passenger and cargo aircraft over the next 20 years, according to European aircraft manufacturer Airbus. Valued at US$1.2 trillion, the requirement represents one third of predicted global deliveries between now and 2028, with the region driving demand for larger aircraft types. The manufacturer’s latest […]

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Sichuan retains IAE as exclusive engine supplier in $300 million deal

Sichuan Airlines confirmed it has selected the IAE International Aero Engines V2500 to power its latest fleet of Airbus A320s currently on order. This deal includes V2500 SelectOne engines for 12 firm aircraft, due to be delivered between 2011 and 2015. In addition, Sichuan has chosen to support these engines with a long-term IAE Aftermarket

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Nordic Aviation Capital completes sale of three ATR 72-500 aircraft to Borajet

Nordic Aviation Capital confirmed that it has sold three ATR 72-500 aircraft (MSN 588, 701 and 702) to Borajet (Turkey). The aircraft were previously operated by Alitalia Express. Nordic Aviation Capital purchased the aircraft in September 2009 from Alitalia Linee Aeree Italiane and Alitalia Express both of whom were under Extraordinary Administration. Nordic Aviation Capital

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Jetstar chooses V2500 engines to power new fleet of 50 additional Airbus aircraft

International Aero Engines confirmed that Jetstar Airways, a wholly-owned subsidiary of Qantas Airways, has chosen the V2500 to power a new fleet of 50 additional Airbus A320 family aircraft, with options and purchase rights on up to 40 more aircraft. The Engine Purchase Agreement, which is for the latest V2500 SelectOne build standard, is worth

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