Willis Lease Finance closes ten aircraft sale and leaseback with easyJet

Willis Lease Finance Corporation has closed a sale and leaseback transaction on ten Airbus A319 aircraft with easyJet. The aircraft are powered by CFM56-5B engines. The deal combines elements from across the Willis Platform, including leasing, trading, and asset management businesses, to provide a tailored solution designed to support easyJet in the fleet management of its existing aircraft as it introduces the latest generation of Airbus A320neo family aircraft.

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AerCap delivers first of four 787-9 to EL AL

AerCap delivers first of four 787-9 to EL AL, ©AerCap

AerCap Holdings N.V. has delivered one new Boeing 787-9 Dreamliner on long-term lease to EL AL. This is the first of four new 787-9 aircraft to deliver to EL AL from AerCap’s order book with Boeing. The remaining three aircraft will deliver through 2019. Aengus Kelly, CEO of AerCap said, “The delivery of our first 787 to EL AL heralds the next chapter in the long history of successful cooperation between our two companies. We are very pleased to support EL AL’s ongoing fleet modernization program and we thank them for the confidence they have placed in AerCap.”

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SkyWorks reports fourth quarter 2018 activities

SkyWorks Holdings has announced transactions and activities performed during the fourth quarter (Q4) 2018 for its Leasing & Asset Management Group. On behalf of Modern Logistics, Brazil, SkyWorks sourced and arranged an operating lease for one additional 737-300SF aircraft (its 4th 737SF). SkyWorks also renewed its engagement with Modern Logistics to provide continued aircraft sourcing and fleet analytical support services. On behalf of a US investor, SkyWorks arranged a long-term lease extension with American Airlines for one A319-100. On behalf of its Sierra Echo Aircraft Leasing Limited vehicle, SkyWorks closed on the acquisition of 8 Boeing and Airbus aircraft from Read more

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DAE acquires 28 and sells 50 aircraft assets in 2018

Dubai Aerospace Enterprise (DAE) has reported its 2018 key strategic and operational highlights for its leasing division, DAE Capital:DAE Capital has received an investment grade corporate credit rating of BBB+ from KBRA and received an upgrade of existing corporate credit ratings from Moody’s and S&P Global. The company issued US$3.0 billion of new unsecured debt and announced a debt repurchase program of up to US$600 million. DAE Capital took delivery of its first five Boeing 737 MAX 8 aircraft in 2018. Furthermore the company signed an MOU with Emirates Aviation University to cooperate on learning and work experience programs. DAE Read more

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SaxonAir expands charter fleet with addition of one Embraer Phenom 300 hot based throughout Europe

Private air charter operator SaxonAir has announced the addition of an Embraer Phenom 300 jet to their aircraft fleet.  The 2016 manufactured aircraft G-KRBN is to be hot based throughout Europe operating from various key European locations. This addition brings the fleet at SaxonAir up to a total of 9 jet aircraft and 4 helicopters. The Phenom 300 is the fastest jet in its class with a range of 1800 NM and cruise speeds of up to 518 mph able to transport up to 8 passengers from London to Moscow.  The aircraft offers excellent safety, comfort and performance which alongside Read more

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A220 airliner wins approval from Transport Canada for 180 minutes ETOPS capability

The A220 receives 180-minute extended operations (ETOPS) approval from Transport Canada ©Airbus

The newest addition to the Airbus family of commercial aircraft, the A220, has received 180-minute extended operations (ETOPS) approval from the Canadian civil aviation authority, Transport Canada. This achievement paves the way for A220 customers to start new direct non-limiting routings over water, remote or underserved regions. “This A220 ETOPS milestone adds to the numerous performance capabilities which the unbeatable A220 Family already offers,” said Florent Massou, Head of Airbus’ A220 Programme. “Being the only in-production aircraft in its class capable of performing both steep approach and long-range operations, the A220 is definitely unlocking new route opportunities for airlines,” added Read more

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Skyworld Aviation arranges sale of one Dash 8 Q400

On behalf of AeroCentury Corp, Skyworld Aviation has sold one Dash 8 Q400 to Magellan Aviation Services. Skyworld was exclusively mandated to market serial number 4021 after its return from lease with LAM Mozambique. This sale comes after the placement of its sister ship, serial number 4019, to Voyageur AvParts.

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MTU Aero Engines Polska supplies 1000th low-pressure turbine for Pratt & Whitney GTF engine

MTU Aero Engines Polska ©MTU

MTU Aero Engines’ technology is in each and every geared turbofan (GTF) engine produced for the Airbus A320neo. Its Polish subsidiary, MTU Aero Engines Polska, started to assemble the first low-pressure turbine for the geared turbofan model PW1100G-JM about three and a half years ago. At the end of the year 2018, the MTU site in Poland completed the 1000th module and delivered it to Pratt & Whitney. For MTU, this marks another milestone in the production ramp-up of this game-changing engine program at its site in Rzeszów. Pratt & Whitney GTF engines are already in service on more than Read more

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BOC Aviation reports operational data for fourth quarter and year ended 2018

BOC Aviation has reported its operational update for the fourth quarter and year ended 31 December 2018.    Commenting on the operating results, Robert Martin, Managing Director and Chief Executive Officer, said “BOC Aviation celebrated its 25th year anniversary in 2018, which was another year of strong operational performance. We took delivery of 55 aircraft, including our first Boeing 737 MAX family aircraft and Airbus A321NEO aircraft. During the year, we added another 65 aircraft to our pipeline and grew our orderbook to 183, setting the foundation for future revenue growth.” Key features included: A total fleet of 511 aircraft owned, Read more

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TrueNoord acquires two Embraer E195 on lease to Azul

TrueNoord acquires two Embraer E195s on lease to Azul ©TrueNoord

Regional aircraft leasing specialist TrueNoord has acquired two Embraer E195s on lease to Azul Linhas Aéreas Brasileiras S.A. Financing was provided under TrueNoord’s recent term loan warehouse facility supported by Morgan Stanley, NORD/LB Norddeutsche Landesbank and Barclays. Legal services were provided by Hogan Lovells and Stek. The aircraft were purchased with leases attached from CCB Financial Leasing Corporation Ltd. “CCB Leasing is very pleased to have taken a further step into the optimization of our lease portfolio, widening our business relationship with the global aircraft leasing industry. We enjoyed dealing in this swift and successful transaction with Truenoord” added Jim Read more

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