United Kingdom MFTS orders four more H145s

MFTSH 145 Jupiter ©Airbus / Crown

Airbus Helicopters in the U.K. is to provide four additional H145 helicopters as part of an expansion of the U.K. Military Flight Training System (UKMFTS). The new helicopters will join the existing fleet of 29 H135s and three H145s, known respectively as Juno and Jupiter in UKMFTS service. They will be delivered during 2020. Operated by Ascent Flight Training Management primarily from RAF Shawbury and also RAF Valley on behalf of the Ministry of Defence, the aircraft are used to train all U.K. military helicopter pilots and rear crew. Airbus Helicopters is fully embedded at both bases as the rotary Read more

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SAS and Willis Lease execute ConstantAccess agreement covering the airline’s Airbus A340 fleet

©SAS

Willis Lease Finance has entered into a ConstantAccess™ agreement with Scandinavian Airlines System, whereby Willis Lease will guarantee availability of CFM56-5C engines to cover requirements due to both planned and unplanned removals of engines powering the airline’s fleet of eight A340 aircraft. “Over the next 36 months, as we transition into our new fleet of latest- technology and most fuel-efficient Airbus A350 aircraft, the Willis Lease ConstantAccess™ product will play a critical role providing SAS with a seamless and very efficient engine support transition service,” said Niklas Hårdänge, Vice President of Fleet Management for SAS.

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Leonardo’s Falco Xplorer drone completes first flight

Falco Xplorer maiden flight ©Leonardo

Leonardo’s new Falco Xplorer drone aircraft has performed its maiden flight. Falco Xplorer S/N0001 took off from Trapani Air Force base on January 15, cruised over the Gulf of Trapani in a dedicated fly zone, for around 60 minutes and then returned to base, landing safely. The maiden flight is a significant milestone which has been achieved through technical and engineering support, at the test flight planning stages and with other related activities, by the Italian Air Force Test Flight Centre. The Remotely-Piloted Air System (RPAS), which combines endurance of over 24h with a maximum payload of 350kg, will now Read more

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GA Telesis acts as structuring agent for acquisition and financing of ten Boeing aircraft

GA Telesis (GAT) has acted as structuring agent for the successful acquisition and financing of ten Boeing aircraft for a major U.S. Airline. GAT, as structuring agent, negotiated the purchase and arranged the financing from a U.S. bank to fund the transaction. “This transaction was a great opportunity for our experienced team to identify, structure, and arrange a compelling aircraft acquisition for one of our valued airline clients,” commented Marc Cho, President of GA Telesis’ Leasing Investment Financing and Trading (LIFT) Group.

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Philippine Airlines leases two De Havilland Canada Dash 8-400 aircraft from TrueNoord

Philippine Airlines Q400
De Havilland Canada Dash 8-400 aircraft ©TrueNoord

Specialist regional aircraft lessor, TrueNoord, is leasing two new Dash 8-400 aircraft to Philippine Airlines on long-term operating lease agreements. MSN 4610 has been delivered and MSN 4612 will join the fleet in February. These aircraft are the first Dash 8-400 aircraft manufactured by De Havilland Aircraft of Canada Limited to enter service in TrueNoord’s portfolio and have been financed within the new US$360 million warehouse facility which was announced last October and which is underwritten by Citibank, Société Générale and Royal Bank of Canada. The Dash 8-400 aircraft will enter PAL’s commercial service in February and will be based Read more

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Aergo Capital reports successful fourth quarter

Aergo Capital has announced that during the fourth quarter of 2019 and the beginning of January 2020, the company has completed the sale of six aircraft and the acquisition of three aircraft. The dispositions included sales of one Airbus A330-200 and one Airbus A330-300 aircraft on lease to Qatar Airways, one Boeing 737-900ER aircraft on lease to Lion Air, one Airbus A320-200 aircraft on lease to Smartlynx, one A321-200 aircraft on lease to Air Transat and one Boeing 737-800 aircraft on lease to Sun Country. On the purchase side, Aergo has successfully completed the acquisition of two Airbus A321-200 aircraft Read more

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Airstream arranges lease of ATR 42-500 aircraft to interCaribbean

ATR 42-500 aircraft ©AirTeamImages

Aircraft remarketing specialist Airstream International Group has arranged the lease of an ATR 42-500 aircraft on behalf of Gladiator Leasing Limited. The 2003-manufactured aircraft, serial number 621, was leased to interCaribbean Airways. Airstream continues to enjoy a close relationship with Gladiator Leasing Limited and Erste Bank, having remarketed a number of their aircraft, and is pleased to have arranged the acquisition of interCaribbean’s first ATR42-500.

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Further 737 MAX software issues see FAA grounding continue, possibly until April

Boeing is currently reviewing a new technical issue with the software update for the currently grounded 737 MAX jet. “We are making necessary updates,” Boeing said in a statement. Officials at the planemaker have confirmed that the issue relates to a software power-up monitoring function which verifies that certain system monitors are correctly operating. In addition, both the US Federal Aviation Administration (FAA) and Boeing are currently reviewing a wiring problem that has the potential to cause a short-circuit which could cause a crash if pilots did not respond to such an occurrence. It appears that two bundles of wiring Read more

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GA Telesis purchases two A319 aircraft on lease with Rossiya Airlines

GA Telesis (GAT) has completed the acquisition of two Airbus A319 aircraft, which are subject to multi-year leases with Rossiya Airlines. “For many years, Rossiya has been an outstanding airline partner for GA Telesis. Rossiya and GA Telesis have enjoyed a relationship between three GA Telesis divisions and we are very pleased to expand our relationship by leasing two A319 aircraft to such a great operator,” commented Marc Cho, President of GA Telesis’ Leasing Investment Financing & Trading (LIFT) Group. The transaction was executed by GA Telesis Aviation Investments 2 LLC (GAIN 2), an aviation investment vehicle managed by GA Read more

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China Aircraft Leasing Group signs agreement with Airbus for 40 additional A321neo aircraft

CALC orders additional 40 A321neo aircraft ©Airbus

China Aircraft Leasing Group (CALC), a full value-chain aircraft solutions provider for global airlines, has reached an agreement with Airbus on its remaining backlog, and includes an additional order of 40 A321neo aircraft. It also includes a conversion of 15 of its existing A320neo backlog into A321neos. Together with a previous order for 11 A321neos, CALC’s total order for the type rises to 66. CALC’s order is an endorsement for the A321neo and reaffirms the market demand for the aircraft. To date, from CALC’s total order for 252 A320 Family aircraft, 87 have been delivered of which one is an Read more

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