Fly Leasing to sell 12 aircraft

Fly Leasing has contracted to sell a portfolio of 12 aircraft, comprised of Airbus A320s and Boeing 737s with an average age of eight years. “These sales are at an aggregate gain to book value, build free cash, reduce leverage, manage lessee concentration and lower the average age of FLY’s fleet,” said Colm Barrington, CEO of FLY. “FLY has a committed pipeline of 21 new A320neo family aircraft that begin delivering later this year and has the capacity to add over US$2 billion of assets to its fleet.” FLY anticipates the sales will generate in excess of US$125 million of Read more

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Air Canada to lease two Airbus A321-200s from Air Lease Corporation

©Air Canada

Air Lease Corporation has announced the lease and delivery of two Airbus A321-200 aircraft to Air Canada. These two young A321 aircraft to Air Canada will support their fleet requirements and expanding network for many years to come,” said John L. Plueger, Chief Executive Officer and President of Air Lease Corporation.

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WJZ-CBS Baltimore receives new R66 Newscopter

WJZ-CBS Baltimore's new R66 Newscopter ©Robinson Helicopter

On July 1st, television station WJZ of Baltimore, Maryland took delivery of a new Robinson R66 Newscopter. Owned and operated by CBS, WJZ services the 2.8 million residents in the Baltimore metropolitan area.   SKY Helicopters, a longtime Robinson dealer in Garland, Texas, leased the helicopter to WJZ and will provide on-going aviation and technical support. According to Ken Pyatt, President of Sky Helicopters, WJZ has been operating a Robinson R44 Newscopter since early 2019. Impressed with the R44’s performance and reliability, the station elected to move-up to the larger, more powerful R66 Newscopter.  

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Aventure acquires Boeing 757-200 with Rolls Royce engines

Former Nepal Airways’ Boeing 757-200 ©Aventure

Aventure Aviation has acquired for teardown a complete Boeing 757-200, MSN 23850, with two Rolls Royce RB211 engines. The dismantling of the former Nepal Airlines aircraft is underway in Kathmandu, while the engines are being relocated to Atlanta. “Our aim has always been to supply quality after-market parts with full trace and useful remaining life,” said Aventure Aviation’s VP of Operations, Talha Faruqi, who thoroughly inspected the aircraft. “The purchase of this aircraft furthers our capabilities to support our growing 757 and 767 customer base,” he added. All harvested parts will be inspected on-site, and shipped to Aventure’s main facilities Read more

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Reliance Aircraft purchases Boeing 757-200 Freighter for disassembly

Reliance Aircraft has purchased an ex-DHL 757-200 Freighter (MSN 22210), with RB211-535 engines for disassembly.  The aircraft is equipped with a Precision Aircraft Solutions cargo door modification and has full RB211 QEC.   Terry Hix, President states “This acquisition adds to RAI’s inventory of both Boeing and Airbus aircraft allowing RAI to support its worldwide customer base”.  RAI has been in business since 2011 and is located in the heart of Central Texas.

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Atlantic Airways takes delivery of first A320neo

Atlantic Airways takes delivery of the first A320neo, on lease from ALC ©Airbus

Atlantic Airways, the Faroe Islands flag carrier, has taken delivery of its first A320neo, MSN8918. Leased from Air Lease Corporation (ALC), this aircraft is powered by CFM International’s LEAP-1A engines and is configured in an all-economy cabin layout. With its new Airbus fleet member, Atlantic Airways will further develop its European network. The airline, an Airbus customer since 2008, already operates an all-Airbus fleet of three A320 Family aircraft (currently two A319ceos and one A320ceo). In addition, the airline also recently placed a firm order for two additional A320neos.

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VirginOrbit completes keydrop test

Virgin Orbit, Sir Richard Branson’s small satellite launch company, has successfully completed a keydrop test of its LauncherOne vehicle, the last major step in the development programof the company’s novel launch service. In the run-up to its first space shot, VirginOrbit has completed a steady progression of test flights with its “flying launch pad” Cosmic Girl and LauncherOne vehicle — and today’s achievement marks the beginning of the company’s transition to its orbital test flight launch campaign. On this flight, Virgin Orbit released a fully built, fully loaded — although inert —LauncherOne rocket from Cosmic Girl, a modified Boeing 747 Read more

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BOC Aviation delivers first of three Airbus A330 Freighter aircraft to Sichuan Airlines

Sichuan Airlines ©AirTeamImages

BOC Aviation has delivered the first of three Airbus A330 Freighter aircraft committed for lease to Sichuan Airlines. All three aircraft are part of the Company’s existing owned and managed portfolio. The remaining two aircraft are scheduled for delivery to Sichuan Airlines in the second half of 2019. Sichuan Airlines is a full service carrier with more than 270 routes carrying nearly 30 million passengers annually. Established over 30 years ago, Sichuan Airlines’ shareholders include three other airlines and its largest investor is the Sichuan provincial government. It currently operates an all-Airbus fleet with more than 140 single and twin-aisle Read more

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Airbus set to become world’s biggest planemaker as Boeing deliveries slump by 37%

©Airbus

The combination of Airbus deliveries increasing 28% for the first half of 2019 and Boeing deliveries falling 38% for the same period will likely see Airbus take over the crown of the world’s biggest plane maker by the end of the year, reversing the trend of the past eight years. Boeings reversal of fortune rests predominantly on the grounding of the 737 MAX jet after the fatal Lion Air and Ethiopian Airlines crashes with the likelihood that any further deliveries will not take place until December. According to Reuters news agency, for the first six months of the year Airbus Read more

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Qatar Airways and GE sign GEnx and GE9X engines and services agreements

Qatar Airways and GE Aviation have signed multiple agreements for GE engines. As part of the agreements, Qatar Airways selected the GEnx engine to power its 30 new Boeing 787-9 aircraft along with a TrueChoiceTM Flight Hour agreement to cover the maintenance, repair and overhaul (MRO) of the engines. Qatar Airways also signed a TrueChoiceTM Flight Hour agreement for MRO services on its GE9X engine fleet that will power 60 Boeing 777X aircraft. The agreements are valued at more than US$5 billion. A signing ceremony between Qatar Airways Group Chief Executive Officer Akbar Al Baker and GE Vice Chairman and Read more

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