Doric announce first secondary market transaction for an Airbus A380

Hi Fly A380 with "save the coral reef" livery at Aviation Cosmetics Malta ©Doric

Following many months of negotiation and preparation, Doric’s Asset Management team has announced the first ever secondary market transaction for an Airbus A380. It comes almost 11 years after the first A380’s maiden commercial flight. The lease agreement with the Portuguese wet lease operator Hi Fly for the A380 (MSN 006) began in July 2018 and has a term of nearly 6 years. Doric’s Asset Management was able to arrange a direct handover of the aircraft from the previous operator to Hi Fly. The freshly painted A380 with a special livery “save the coral reefs” and a completely refurbished cabin has been Read more

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Aeromexico signs US$2.3 billion support agreement for LEAP-1B fleet

Mexico’s flag carrier, Aeromexico, has signed a 12-years Rate Per Flight Hour agreement with CFM Services to support a minimum of 128 LEAP-1B engines that power its fleet of Boeing 737 MAX 8 and MAX 9 airplanes. The order is valued at US$2.3 billion U.S. at list price. RPFH agreements are part of CFM Services flexible support offering. Under the terms of the agreement, CFM will support the fleet on a dollar per flight hour basis. Aeromexico, which was founded in 1934, is a long-time CFM customer and took delivery of its first CFM56-7B-powered Next-Generation 737 in 2003. Today, the Read more

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British Airways signs commitment for three 777 airplanes

Boeing and British Airways have signed a commitment for three 777-300ER (Extended Range) airplanes. British Airways will take the 777s on an operating lease with a leasing company. British Airways is one of the world’s largest operators of the long-range jet, operating 58 777-200ER and 777-300ER airplanes across its global network. British Airways also flies 28 787 Dreamliners and more than 30 747-400s.

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Viva Aerobus firms up order for 25 A321neo, 16 A321neo

Viva Aerobus, the ultra-low-cost carrier based in Mexico, has firmed up an amendment for 25 incremental A321neo and 16 upconversions of A320neos to A321neos to their existing purchase agreement. This latest order brings the all-Airbus operator’s total orderbook to 80 A320 Family aircraft (including 15 A320ceo, 24 A320neo, and 41 A321neo) and the airline’s total backlog from 36 to 61 aircraft. Viva Aerobus has not yet decided on the engine selection and will announce it at a later date.

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Republic Airlines orders 100 CF34-8E-powered E-Jets

Republic Airlines has ordered 100 CF34-8E-powered Embraer E170/175 regional jets. The engines are valued at more than US$1.4 billion list price. “With this order, Republic Airlines will be the largest operator of CF34-8E-powered Embraer E170/175 aircraft with close to 300 aircraft, and we are proud to partner with Republic and Embraer on this significant milestone for all of us,” says Chaker Chahrour, vice president and general manager of Global Sales & Marketing at GE Aviation.

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Hokkaido Air System signs for ATR 42-600s and EasyFly for five ATR-600 series

Hokkaido Air System, a JAL Group Company and ATR have signed a Memorandum of Understanding for the purchase of two firm ATR 42-600s with an option for a third. HAC will begin operating these aircraft from 2020. These aircraft will replace HAC’s fleet of Saab 340s taking advantage of the superior economics of the cutting-edge ATR -600 series. Colombian airline EasyFly and turboprop manufacturer ATR have signed a Memorandum of Understanding for the purchase of five ATR -600 series aircraft, of which three are ATR 72-600s and two are ATR 42-600s. EasyFly became an ATR operator in 2014 when it Read more

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VietJet signs agreement with Boeing for 100 737 MAX Airplanes

VietJet signs MOU for 100 737 MAX aircraft ©Boeing

VietJet and Boeing have signed a Memorandum of Understanding at the Farnborough International Air Show for an additional 100 737 MAX airplanes. The agreement, which includes 80 737 MAX 10s and 20 737 MAX 8s, is valued at more than US$12.7 billion at current list prices. The Vietnamese low-cost carrier will become the largest MAX 10 customer in Asia once the deal is completed. VietJet plans to leverage the added capacity of the MAX 10 to satisfy surging demand on high-dense domestic routes, as well as on popular destinations throughout Asia. As part of the agreement, Boeing would partner with Read more

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CFM and Aviation Capital Group sign LEAP-1A and LEAP-1B engine deals

CFM International and Aviation Capital Group (ACG) have announced the selection of LEAP-1A engines to power 10 firm Airbus A320neo family aircraft. ACG has also secured the option to purchase 18 additional LEAP-1A engine shipsets to power Airbus A320neo family aircraft. This firm engine order is valued at US$300 million U.S. at list price. CFM International and Aviation Capital Group (ACG) have also sgined an order for LEAP-1B engines to power 20 additional Boeing 737 MAX aircraft. CFM values the order at U.S. US$528 million at list price.

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