Aviation finance powerhouse Avolon has finalised an agreement with Cebu Pacific, the renowned low-cost carrier from the Philippines, for the sale and leaseback of four brand-new Airbus A330neo aircraft. The delivery schedule spans from late 2024 to 2026, with the first aircraft set for arrival later this year. These cutting-edge aircraft will play a pivotal
AerCap Holdings has provided an extensive overview of its business activities during the initial quarter of 2024. Throughout this period, the company has been actively involved in various significant transactions across its diverse portfolio. The company inked a total of 82 lease agreements, encompassing a wide array of aviation assets. These agreements included leases for
Rolls-Royce has successfully kicked off the flight test campaign for its latest aero engine for the business aviation market, the Pearl 10X, on the company’s dedicated Boeing 747 flying testbed. The engine has been selected by French aircraft manufacturer Dassault to exclusively power its brand-new flagship aircraft, the Falcon 10X. The start of flight testing
Korean Air has solidified its commitment to the Airbus A350 family, marking a significant milestone as a new customer with the signing of a firm order for 33 aircraft. The order comprises 27 A350-1000s and six A350-900s. With its remarkable fuel efficiency and reduced carbon emissions, the A350 will revolutionise Korean Air’s intercontinental routes, offering
SMBC Aviation Capital, the global aircraft leasing company, has reported the delivery of one Airbus A320-251N aircraft (MSN 12016) equipped with two two LEAP-1A26 engines to Air India. The aircraft and associated engines were delivered while located at the Airbus delivery centre in Toulouse, France. This is the fourth of six A320-251N aircraft contracted for
Gulfstream Aerospace has released that the all-new Gulfstream G700 has received Federal Aviation Administration (FAA) type certification, paving the way for customer deliveries. The G700’s FAA certification also confirmed two new performance improvements, giving customers increased flexibility and airport availability: a balanced field length take-off distance of 5,995 feet/1,827 metres and a landing distance of
Atlas Air Inc., a subsidiary of Atlas Air Worldwide Holdings, has unveiled the extension of its strategic collaboration with YunExpress, a subsidiary of Zongteng Group. This expansion entails the addition of a second Boeing 777-200 freighter under a long-term charter agreement. Augmenting the already fruitful alliance between Atlas and YunExpress, this additional 777 freighter is
Crestone Air Partners, an aviation asset management platform supported by Air T, has successfully acquired eleven Boeing 757-300 aircraft. This milestone transaction not only signifies substantial growth for Crestone but also underscores its capability to execute large-scale deals in niche aviation assets. All 11 aircraft were procured under existing lease agreements with Condor Airlines, a
Regional aircraft lessor Abelo has acquired four ATR 72-600 aircraft through SKY Leasing. This strategic transaction expands Abelo’s portfolio to a total of 57 owned and managed aircraft. All four aircraft are currently on lease to India’s low-cost carrier, IndiGo. Stephen Gorman, CEO of Abelo, stated “We are thrilled to welcome IndiGo as a new
Boom Supersonic has announced the first flight of XB-1, the world’s inaugural independently crafted supersonic jet. The event unfolded at the Mojave Air & Space Port in Mojave, California, marking a significant leap forward in aviation technology. Like Overture, XB-1 capitalises on cutting-edge advancements such as carbon fibre composites, state-of-the-art avionics, digitally-optimised aerodynamics and an
