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LATEST NEWS

Thursday, April 7th, 2022

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Textron Aviation signs purchase agreement for up to 30 Cessna Citation CJ3+ jets with flyExclusive

Plane manufacturer Textron Aviation has confirmed it has signed a purchase agreement for up to 30 of its Cessna Citation CJ3+ light jets with Exclusive Jets, operating as flyExclusive, the Part 135 owner/operator of private jet experiences.

flyExclusive anticipates taking delivery of five of the jets in 2023 and optional jets will be delivered through 2025. This latest purchase continues flyExclusive’s role as one of the world’s largest owners and operators of Citation jets, currently operating a combined fleet of 85 light, midsize, super-midsize and heavy jets, including Citation X, Citation Sovereign, Citation Excel/ XLS, Citation CJ3 and Citation Encore aircraft. flyExclusive is based in Kinston, North Carolina and is the third-largest Part 135 charter operator in the US.

The Citation CJ3+ has a range of up to 2,040 nautical miles so is well suited for the light jet market segment and can fly single-pilot and up to four passengers nonstop from Washington, DC to Monterrey, Mexico, Sao Paulo to Santiago, London to Athens, or Shanghai to Tokyo. Designed to provide the most efficient flight profile by minimising fuel costs and environmental impact, the Citation CJ3+ burns, on average, 10% less fuel and costs 5% less in maintenance per flight hour versus other aircraft in the light jet segment.

“This expansion launches flyExclusive into the fractional space. We are committed to redefining the private flying experience, providing the full suite of products for our customers, all delivering consistent, reliable and world-class service,” said Jim Segrave, Chairman and Founder, flyExclusive.

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Ethiopian Airlines leases two Dash 8-400 aircraft from TrueNoord

Ethiopian Airlines has signed an eight-year sale and leaseback agreement with TrueNoord, the specialist regional aircraft lessor, for two further factory-new Dash 8-400 aircraft. Manufactured by De Havilland of Canada, the new Dash 8-400 aircraft (MSN4626 and MSN4628) will be integrated into the fleet for immediate operation.

Funding for the aircraft was provided by TrueNoord’s revolving warehouse facility underwritten by Citibank, Société Générale and Royal Bank of Canada. Milbank represented TrueNoord and Clifford Chance represented the lenders on the financing.

Currently celebrating 75 years of excellence, Ethiopian Airlines has become the continent's leading carrier. Operating at the forefront of aviation technology, the airline is also one of Ethiopia's major industries and a respected institution in Africa. A dominant force across the Pan-African network, it currently serves 127 international and 22 domestic destinations operating the newest and youngest fleet in the region.

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SR Technics joins Pratt & Whitney’s GTF MRO network

SR Technics, a leading MRO service provider, has announced that it is joining the global network of providers that maintain the GTF™ engine powering the Airbus A320neo aircraft family.

Upon signing with Pratt & Whitney, SR Technics’ Zurich-based facility will serve PW1100G-JM engines for the A320neo with full disassembly, assembly and test capabilities.

The executed long-term commitment will enable SR Technics to enhance its repair capability and overall competitiveness by securing and expanding its high-skilled workforce in Switzerland by up to 400 new jobs to be created by 2024 to meet the new capacity and related demand. In addition, a high double-digit million Swiss francs will be invested in the facilities at the Zurich-Airport site, such as special tools and dedicated maintenance equipment including a new test cell to accommodate the new maintenance work.

The GTF MRO network is part of Pratt & Whitney’s EngineWise® solutions, which provide engine operators with a variety of aftermarket services resulting in long-term sustainable value.

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Bluebird Nordic appoints Audrone Keinyte as new CEO

Bluebird Nordic, an Icelandic ACMI leasing and air freight company and a family member of Avia Solutions Group, is announced the appointment of Audrone Keinyte as the company’s CEO.

Keinyte is taking over the role from Siggi Agustsson, who has held this position since 2020. He is moving to a new role at Avia Solutions Group, where he will be a senior advisor to the Chairman of the Board.

Additionally, Keinyte is also taking over the position of CEO at BBN Cargo Airlines Holdings, the holding company of Bluebird Nordic.

She joins the company and holding from her previous role as CEO of Novaturas, the largest tour operator in the Baltic region, where she held this position for three years, during which she managed to show a great example of crisis management during the pandemic and the ability to reshape the business model and engage the team which led to a successful recovery.

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Titan Aviation Investments and Amerijet International sign long-term dry lease agreements

Titan Aircraft Investments, the joint venture between Titan Aviation Holdings and Bain Capital Credit, has announced the placement of three Boeing 757-200SF converted freighters on long-term dry leases with Amerijet International to support its network in Central America a

“We are delighted to welcome Amerijet as a strategic customer and to support its long-term expansion plans. This partnership underscores the trust our customers have in Titan’s expertise in freighters,” said Michael Steen, President and Chief Executive Officer of Titan Aviation Holdings and Chief Commercial Officer of Atlas Air Worldwide.

Stratos leases Boeing 737- 800 to Jet2.com

Stratos has delivered one Boeing 737-800 on long-term operating lease to Jet2.com (UK) to support its growing network. The aircraft (MSN 40260) is part of the Stratos securitised portfolio JOL Air 2019-1 and was recently returned from flydubai.
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Tamar Jorssen
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Email: tamar.jorssen@avitrader.com
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