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Willis Lease Finance Corporation signed an agreement with SuperJet International to purchase six Sukhoi Superjet (SSJ) 100 aircraft and options for four additional aircraft. The memorandum of understanding has a value of up to $300 million under current list pricing and economic conditions. The agreement refers to the SSJ100/95 LR aircraft model in the 98 seat configuration with the first delivery scheduled for September 2012.

"The Sukhoi Superjet represents a significant advancement in the regional jet market, and we believe it fills a need for efficient and affordable transportation to smaller regional centers," said Charles F. Willis, President and Chief Executive Officer of Willis Lease. "Based on early operating tests, the Sukhoi Superjet 100 may be able to deliver operating efficiencies of 10% or better over competing aircraft models. "In addition to the strong potential we see for developing new regional markets throughout the world, we believe the transaction is a strategic one for us," Willis continued. "The international consortium of companies involved in the launch of this aircraft, include Powerjet which is comprised of NPO Saturn -- the major Russian engine manufacturer -- and Snecma, the French worldwide leader of engines for the SSJ 100 as well as the CFMI brand. These engines make up a significant portion of our current portfolio. In addition, the premier Russian aircraft manufacturer Sukhoi and the major Italian aerospace leader Alenia Aeronautica, a Finmeccanica Company, will provide an entry into these strategic new markets."


Chromalloy a has been selected by the U.S. Air Force to provide repairs on TF33 first stage turbine engine blades in a new three-year contract valued ...
Ameco Beijing starts line maintenance work on Lufthansa´s A380 aircraft from September 2nd 2010. It is the first time for Ameco Beijing to provide ser...
Boeing forecasts that air carriers in North America will take delivery of about 7,200 new airplanes over the next 20 years at an investment of $700 bi...
The Safran group has made several senior management appointments, which took effect on September 1: Alex Fain named Senior Vice President of Morpho, Jean-Yves Petit named Vice Pre...
Continental Airlines reported an August consolidated (mainline plus regional) load factor of 86.5% 0.7 points above the August 2009 consolidated load factor. Consolidated traffic d...
American Airlines announced that William Collins will become American's Vice President – Base Maintenance, effective Oct 1. Collins, who currently serves as Vice President of Elect...
Management teams at Air Berlin and LTU have reached a successful framework agreement with VC, the pilots’ union, with regard to the working conditions for cockpit personnel. The co...
Aviation Capital Group (ACG) released that John Feren has been appointed as Executive Vice President. Feren will oversee ACG’s Global Marketing and Portfolio Management Department...
In the first half of 2010, technology group RUAG returned to profit. Net sales were boosted by 6% year-on-year to CHF 836.1 million. At CHF 32 million, earnings before interest and...
Embraer held a delivery ceremony in São José dos Campos, Brazil, for its first Lineage 1000 executive jet to a Mexican customer. Grupo Omnilife, a leader in the production of nutri...
AgustaWestland, a Finmeccanica company, released that PHI has signed a contract for ten AW139 medium twin helicopters. These aircraft will be used to perform offshore transport mis...
Honeywell will provide wheels and carbon brakes material for Singapore Airlines' Airbus A380 aircraft over 10 years. Honeywell will provide wheels and brakes materials for Singapor...
AD Aerospace Ltd, Warrington UK, has achieved official FAA FAR 145 Repair Station approval enabling AD Aerospace Ltd to provide an increased level of customer service to its client...
Through a partnership between Kelly Aviation Center and Southwest Research Institute, a new game-based learning (GBL) program, “Engine Run Testing,” was recently launched that allo...
Pentagon 2000 Software and Aviall, a wholly-owned subsidiary of Boeing, have adopted an agreement for a web services interface that makes Aviall’s inventory easily accessible for ...
The supervisory board of Lufthansa Technik AG reappointed Chief Executive Finance Dr. Peter Jansen to continue serving in that capacity for another five years, until 31 December 20...
GKN Aerospace has delivered the 1000th nacelle for the Lockheed Martin C-130J military airlifter in a successful 17 year production activity - and with production rates set to incr...
Effective 1st September 2010, Karen Bomba has been appointed Chairman and Chief Executive Officer of Labinal (Safran group), reporting to Yves Leclère, Executive Vice President, Ai...
Airbus has commenced production of the latest Airbus product, the A350 XWB, in Germany. The green light was jointly given at the company’s production plant in Stade by Airbus Presi...
Messier Services (Safran group) and Alitalia signed an agreement covering equipment services on their 90 A320 family aircraft. According to this 3-year contract which starts imm...
Frankfurt Airport (FRA) is offering an additional 27 hectares of development land at CargoCity South. Fraport AG - the owner and manager of FRA - has issued a worldwide "Call for E...
Boeing will perform landing gear exchange, repair and overhaul services on Qantas Airways' 747-400ER (extended range) jetliners. Qantas, the program launch customer for the 747-400...
Boeing announced the induction of the first C-130 aircraft slated to receive the Avionics Modernization Program (AMP) upgrade at Warner Robins Air Logistics Center, Ga. This is the...
Smart Aviation Company of Cairo, Egypt has signed a firm order to acquire two Q400 NextGen turboprop aircraft, and has also taken options on an additional three Q400 NextGen aircra...
EGYPTAIR has received its first Airbus A330-300 aircraft from the Airbus facility in Toulouse, France. Powered by Rolls Royce Trent 700 engines, the aircraft seats 301 passengers w...
Goodrich Corporation's rotorblade ice protection system for the AgustaWestland AW139 medium twin-engine helicopter has received certification from the European Aviation Safety Agen...
United Airlines and Continental have been notified by the Antitrust Division of the United States Department of Justice (DOJ) of the termination of its Hart-Scott-Rodino Act review...
Nuevo Grupo Aeronáutico, S.A. de C.V. ("Grupo Mexicana") announced that as a result of the group's delicate financial situation when it changed owners a week ago, compounded by fai...
Iberia posted its results for the first half of 2010, showing a loss of 20.9 million euros, which represented an 87.4% improvement over the airline's performance in the same period...
An Airbus-led consortium in partnership with Air France and the air navigation service providers from UK, Canada and the US (NATS, Nav Canada and the FAA) will shortly commence ‘Tr...
When American Airlines flight 1916 touched down at Bradley International Airport on August 26th, it became the first-ever United States flight to use a publicly available, commerci...
Boeing said that it now expects delivery of the first 787 in the middle of the first quarter 2011. The delivery date revision follows an assessment of the availability of an engine...
Ameco Beijing began to support Air China Cargo fleet in Shanghai from August 16th 2010. The Beijing-based MRO provider’s Shanghai station carries out line maintenance and letter ch...

 

 

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