Daily2018-02-20
Follow-Us-Facebook
Follow Linkedin
Follow Twitter

LATEST NEWS

Tuesday, October 5th, 2021

brought to you by
AKL-Sponsor

P&W gets firm order for ten GTF shipsets with option for 15 more from BOC Aviation

BOC Aviation Limited (BOC), a leading global aircraft operating leasing company, has announced a firm order for ten Pratt & Whitney GTFTM engine shipsets and an option for 15 further shipsets which will be used for its Airbus A320 neo-family aircraft which are on BOC’s current order book which are scheduled for delivery between 2023 and 2024.

“This repeat order reflects the highly efficient performance of the GTF engine that will continue to power a significant portion of our A320 family fleet and orderbook,” said Robert Martin, Managing Director & Chief Executive Officer of BOC Aviation. “We have acquired 47 shipsets of GTF engines to date. Our relationship with Pratt & Whitney and its related entities dates back to 1997. Since then, engines produced by Pratt & Whitney have powered 230 aircraft in our portfolio, representing more than 25% of the total aircraft that we have purchased or committed to purchase.”

Rick Deurloo, Chief Commercial Officer, Commercial Engines, Pratt & Whitney, said, “We thank BOC Aviation for its continued confidence in the GTF engine. We have a strong, almost 25-year relationship with BOC Aviation and we look forward to supporting its latest order of game-changing GTF engines.”. The GTF engine powers five aircraft platforms, with the Airbus A220, the Airbus A320neo family and Embraer E190-E2 already in commercial service. The Mitsubishi Regional Jet (MRJ) and Irkut MC-21 are currently undergoing flight testing. The GTF engine has met all performance specifications since the start of entry into service. For example, the GTF-powered A320neo has achieved a 16% reduction in fuel consumption, a 75% reduction in noise footprint and a 50% reduction in nitrogen oxide emissions.

PRW_09

Textron Aviation receives order for 20 Cessna Skyhawk aircraft

Textron Aviation has announced that Sichuan Longhao Flight Training Co., (Longhao Flight Training School) in China, has signed a purchase agreement for 20 Cessna Skyhawk piston aircraft. The aircraft, which are expected to be delivered throughout 2022, will be utilized for primary pilot training in southwest and central China, further expanding and enhancing Longhoa’s training efforts.

China continues to experience a growing number of licensed pilots in recent years following the General Office of the State Council’s efforts to accelerate the training and development of pilots.

The school currently utilizes 14 Skyhawk aircraft and three flight simulators for pilot training, as well as a Cessna Citation M2 as an advanced training aircraft.

DAE signs 147 lease transactions in first nine months of 2021

Dubai Aerospace Enterprise (DAE) has announced its business transactions update for the first nine months of 2021 for its aircraft leasing division, DAE Capital.

The company acquired 23 aircraft during the first nine months, 10 owned, and 13 managed and it sold 23 aircraft (owned: 16; managed: 7) and furthermore signed three new servicing agreements covering six aircraft. DAE Capital reported that it signed 147 lease agreements, extensions, and amendments (owned: 128; managed: 19) in the first nine months of 20221. The fleet size of owned, managed, committed, and mandated to manage, was 425 aircraft.

CCT_09

Chicago Jet Group gains STC approval for Universal Avionics InSight™ Flight Deck upgrade on Falcon 900B

Chicago Jet Group (CJG) has received FAA Supplemental Type Certificate (STC) for Universal Avionics’ (UA) InSight Flight Deck upgrade on the Dassault Falcon 900B. CJG’s unique STC solutions for the Falcon 900B Flight Deck Upgrade are designed to allow operators to choose from a
Phase One or Phase Two Package.

Phase one replaces the NZ-2000 FMS by adding dual UA UNS-1Fw SBAS-FMSs including LP and LPV approach capabilities, a CVR-120A Cockpit Voice Recorder, and UniLink™ UL-801 ommunications Management Unit. This solution offers capabilities for FANS 1/A+ CPDLC, European ATN B1, and Push-to-Load (required by the FAA for Domestic US CPDLC, departure, and en-route clearances).

In Phase Two, the InSight Integrated Flight Deck Solution replaces the legacy EDZ-800 EFIS System with four UA InSight EFI-1040 Displays, dual Touch EFIS Control Display Units (ECDU), dual Alphanumeric Keyboards (ANK), and the Mid-Continent SAM® MD-302 Standby Attitude Module, for a weight savings of more than 250 pounds. CJG’s STC options include upgraded dual integrated audio control panels, Iridium-based Safety Voice SATCOM for the cockpit, and enhanced LED Cockpit lighting. CJG’s two-phase installation offers Falcon 900B owner/operators flexibility in budget and downtime coordination. The most comprehensive installation offers both Phase One and Phase Two during a single downtime event.

SRT_13

Aergo Capital announces financing of two widebody aircraft on lease to Iberia

Aergo Capital (Aergo) has completed the sale and leaseback of two wide-body aircraft with Iberia. Aergo has now successfully closed the financing of these two Airbus A330-200 aircraft, bearing manufacturers serial numbers 1864 and 1882.

Airbus Bank GmbH provided the financing for one of the aircraft (MSN 1864), which was arranged through Investec Bank and financing of the other aircraft (MSN 1882) was arranged by Ashland Place Finance, a commercial aviation financing platform. Both aircraft are subject to long-term leases with Iberia.

IAI appoints Oren Poleg to Head IAI North America

Israel Aerospace Industries' (IAI) President & CEO Boaz Levy has appointed Oren Poleg as President and CEO of IAI North America, an IAI subsidiary (IAI NA). The nomination follows the appointment of Colonel (Ret.) Amir Geva to EVP North America at IAI’s headquarters, and additional management changes recently implemented by the CEO.

In his new position, Poleg will work to expand IAI’s footprint in North America, including through advancement of mergers and acquisitions to help the company grow in the world’s largest defense market. He is replacing Lt. Gen. Ted F. Bowlds (USAF, Ret.), PhD., who has served as acting CEO of IAI NA since July 2020.

GAL_01

Drone deliveries take flight in first-of-its-kind trial in Ireland

FedEx Express, a subsidiary of FedEx Corp., in collaboration with Future Mobility Campus Ireland (FMCI) Air, have announced the completion of its first scheduled drone last-mile delivery flight in Ireland. The delivery marks the launch of a trial service delivering goods from FMCI, based at Shannon Airport, County Clare, to Foynes Port, County Limerick, Ireland’s second-largest port operator and largest bulk port company.

The drone deliveries were conducted by Skyports, a leading operator of cargo drone deliveries, on behalf of the FMCI Air consortium which also includes Avtrain, Shannon Group and FMCI.

The delivery of the first FedEx Express package in Ireland via drone demonstrates the benefits of drone delivery for last-mile service and the commitment by FedEx to exploring the latest innovations in last-mile delivery.

The delivery is part of a month-long trial which will see a number of test flights conducted in the Mid-West region, beyond visual line of sight (BVLOS) between Shannon Airport and Foynes Port, with deliveries anticipated to be made in under 13 minutes. Clare County and Limerick City and County Council have shown their support for the project, highlighting the role that the councils are playing and leading from an innovation perspective.

GAT_142

TrueNoord leases Embraer E190 to Cobham Aviation Services

Cobham Aviation Services Australia has signed a six-year operating lease agreement with TrueNoord, the specialist regional aircraft lessor. The Embraer E190 (MSN 1900087) will be integrated into Cobham’s fleet for immediate charter operation. Funding for the aircraft is underwritten by TrueNoord’s existing revolving warehouse facility with Citibank, Société Générale and Royal Bank of Canada. CMS acted as legal counsel for TrueNoord with Alaris advising Cobham.

The E190 has transitioned from TrueNoord’s previous lessee Mandarin Airlines of Taiwan. It was temporarily stored in the Philippines before flying to Perth via Indonesia.

Carst Lindeboom, TrueNoord’s Sales Director for the Asia Pacific region, acknowledges the challenges of remarketing aircraft in the COVID-19 era. “Managing a smooth transition of our asset to Cobham without actually touching the aircraft ourselves was a test of logistical complexity. I have to thank the professional cooperation of the Cobham team, with their help we have managed to achieve the transfer in record time.”
AviTrader_Weekly_Headline_News_Cover_2021-10-04

click here to download the latest PDF edition

MRO-2021-09 Cover

click here to download the latest PDF edition

click here to subscribe to our other free publications

AIRCRAFT & ENGINE MARKETPLACE

click here to view in PDF aircraft and engines available for sale and lease

Follow Twitter
Follow Linkedin
Follow-Us-Facebook
Interested in advertising with AviTrader?

Tamar Jorssen
Vice President Sales & Business Development
Email: tamar.jorssen@avitrader.com
Phone: +1 (788) 213 8543
Tamar