TrueNoord leases fourth new ATR 72-600 to Wings Air of Indonesia

Wings Air takes delivery of fourth new ATR 72-600 aircraft ©TrueNoord

PT Wings Abadi, operating as Wings Air and a subsidiary of Lion Air Group, has taken delivery of its fourth new ATR 72-600 aircraft leased from TrueNoord, the specialist regional aircraft lessor. This is the culmination of a deal that has already seen TrueNoord integrate three aircraft into the Wings Air fleet in August, October and November this year. The aircraft are all provided on long term operating leases in association with Transportation Partners and ATR. Financing is provided under TrueNoord’s recent term loan warehouse facility supported by Morgan Stanley, NORD/LB Norddeutsche Landesbank and Barclays. Legal services were provided by Read more

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Boeing launches longest-range business jet with BBJ 777X

Boeing launches longest- range business jet, the 777-X ©Boeing

Boeing Business Jets is launching the BBJ 777X, a new Boeing Business Jet model that can fly more than half way around the world without stopping. “Our most exclusive customers want to travel with the best space and comfort and fly directly to their destination. The new BBJ 777X will be able to do this like no other airplane before it, redefining ultra-long range VIP travel,” said Greg Laxton, head of Boeing Business Jets, at the bi-annual Middle East Business Aviation Association Show (MEBAA). Customers can choose between two models: the BBJ 777-8 and BBJ 777-9. The BBJ 777-8 offers Read more

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Avolon orders 100 Airbus A320neo family aircraft valued at US$11.5 billion

Avolon, the international aircraft leasing company, has announced an order for 100 Airbus A320neo family aircraft valued at US$11.5 billion at current list prices. Dómhnal Slattery, Avolon CEO, commented: “Our order for 100 A320neo family aircraft builds on our leading industry position and reflects our ambition to become the global leader in the sector. We are locking in growth well into the next decade and building on our existing order book of exclusively new technology aircraft. The scale of the order reflects the long-term commitment and strategic perspective of our shareholders.” “We continue to see robust demand from our customers Read more

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ATSG delivers seven Boeing 767s during fourth quarter

Air Transport Services Group (ATSG) has delivered seven leased freighters by its Cargo Aircraft Management and ATSG West Leasing subsidiaries during the fourth quarter of 2018, pointing to continued strong demand for its converted Boeing 767 freighter aircraft. Amerijet International Airlines of Miami, Florida, took delivery of a Boeing 767-300 converted freighter. CAM now leases seven 767 freighters to Amerijet. Cargojet Airways of Mississauga, Canada, took delivery of two more Boeing 767-300 converted freighters, bringing the total number of aircraft leased to CargoJet to four. SkyTaxi of Wroclaw, Poland, took delivery of its first Boeing 767-200 converted freighter, with an Read more

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CDB Aviation delivers first of six aircraft to TAP

TAP Portugal ©AirTeamImages

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., (CDB Leasing), has begun delivery of a fleet of six Airbus aircraft to Portugal’s leading airline, TAP Air Portugal (TAP). The first aircraft delivered to the carrier in November is a new Airbus A321neo, which is part of a lease agreement for a total of four aircraft of the type. The second A321neo is expected to deliver by year-end, with the remaining two aircraft slated for arrival in 2019. In addition, in April 2018, CDB Aviation and TAP entered into a purchase and leaseback agreement for Read more

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Pratt & Whitney Canada receives Transport Canada approval for significant cycle limit increases on PT6A-140 engines

Pratt & Whitney Canada has received approval from Transport Canada to increase cycle limits on its PT6A-140, -140A and -140AG engines. These increases, made possible through comprehensive parts testing and model analyses, will extend the life of Low Cycle Fatigue (LCF) parts such as the power and compressor turbine disks and the impeller. “We are committed to exploring and developing innovative solutions that keep our customers flying longer and at reduced operating and maintenance costs,” said Nicholas Kanellias, Vice President, General Aviation at Pratt & Whitney Canada. “For the vast majority of PT6A-140 series operators, these extensions will push the Read more

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Vallair purchases four CFM56-5A engines from Air France

Vallair, the aircraft trading, leasing and specialist MRO organisation has purchased four CFM56-5A engines from the French flag carrier Air France. The engines will be torn down at Vallair’s engine facility in Chateauroux, France. Vallair recently added to its capabilities by setting up a fully-equipped, multi-bay engine strip and ‘hospital’ workscope operation to support its customers’ engine requirements and help reduce direct maintenance costs and downtime. This facility, located within Vallair’s Disassembly & Logistics centre in Chateauroux, is now fully operational and offers a comprehensive service including full teardown of engines, module disassembly and reassembly, light repairs, borescope inspections and Read more

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Air Lease Corporation places two new Airbus A321neo aircraft on lease with Air Macau

Air Macau ©AirTeamImages

Air Lease Corporation (ALC) has signed a long-term lease agreement for two new Airbus A321neo aircraft with Air Macau. Featuring Pratt & Whitney PW1133G engines, the aircraft will deliver from ALC’s order book with Airbus in November 2019 and the first quarter of 2020. “ALC has worked closely with Air Macau’s management team since 2010 and we are pleased to strengthen our long-standing relationship with the airline with this announcement today,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “We are committed to providing the most modern, fuel-efficient aircraft to ALC customers and these two new A321neo aircraft Read more

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Embraer and NAC sign firm order for three E190 aircraft

Embraer and NAC sign firm order contract for three E190 aircraft ©Embraer

Embraer has signed a firm contract for three E190 aircraft with Nordic Aviation Capital (NAC), a global leader in regional aircraft leasing. This agreement was announced as a Letter of Intent (LoI) in July at the 2018 Farnborough Air Show. The firm order has a value of US$156 million, based on Embraer’s list prices, and will be included in Embraer’s fourth quarter backlog. These new aircraft will join the existing 155 E-Jets currently owned by NAC.

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NAC signs agreement to lease two Embraer E195 and one Embraer E175 aircraft to Air Burkina

Air Burkina ©AirTeamImages

Nordic Aviation Capital (NAC) has committed to lease two Embraer E195 and one Embraer E175 to Air Burkina, the first of which was delivered in November 2018 to a delegation of the airline led by Transport Minister Vincent Dabilgou and CEO Blaise Sanou. The remaining E195 and the E175 are planned to join Air Burkina’s fleet in December 2018 and January 2019, respectively. Air Burkina intends to use the aircraft to replace its current fleet of two Embraer E170 aircraft and to expand its network and frequencies. Air Burkina is the national airline of Burkina Faso, operating scheduled services from Read more

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