NAC executes lease agreements with Loganair and Star Air

Loganair ATR 42-600 aircraft ©AirTeamImages

Nordic Aviation Capital (NAC) has executed a lease agreement for one ATR72-500F and one ATR42-600 with Loganair, based in Glasgow, Scotland. Founded in 1962, Loganair is a scheduled carrier and cargo operator with a fleet of ATR’s operating within the UK and Europe. The company also executed a lease agreement for two E175s with Star Air, a fast-growing regional carrier based in Bangalore, India that currently operates five E145s, connecting 18 destinations.

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Atlas Air announces long-term ACMI placement with MSC Mediterranean Shipping Company

Rendering of MSC Air Cargo Boeing 777 freighter ©MSC

Atlas Air and MSC Mediterranean Shipping Company SA have entered into an agreement that enables MSC to expand its reach and capacity for its customers. Under the terms of the long-term ACMI (aircraft, crew, maintenance and insurance) agreement, Atlas Air will operate all four of its new and incoming Boeing 777-200 freighters on a global basis for MSC, with the first delivery being taken in Q4 2022. Atlas’ order of these four aircraft was announced in January 2022. The 777-200Fs will provide dedicated airfreight capacity to meet customer demand and will serve as a complementary service to MSC’s container shipping Read more

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Xiamen Airlines switches to Airbus A320neo family with order of 40 aircraft

Xiamen Airlines has placed a firm order for 40 A320neo-family aircraft switching to Airbus for its fleet growth, making the airline the newest Airbus customer. The agreement was announced by the carrier’s major shareholder China Southern Airlines to the Shanghai Stock exchange. The A320neo family incorporates new-generation engines and sharklets, which together deliver more than 25% fuel and CO2 savings, as well as a 50% noise reduction. Passengers will also benefit throughout their flights from Airbus’ award-winning airspace interior, which brings the latest cabin technology to the A320 family. At the end of August 2022, the total number of A320neo-family Read more

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Wizz Air to acquire 75 new Airbus A321neo aircraft

Wizz Air Airbus A321neo©AirTeamImages

European low-cost carrier Wizz Air has given notice to Airbus to exercise its purchase rights in relation to 75 Airbus A321neo aircraft.   The 75 additional A321neo aircraft, most of which are expected to be delivered in 2028-29, underpins Wizz Air’s ambitious goal of more than tripling the size of its fleet by the end of the decade to become an airline of 500 aircraft. Strengthening its position as one of the most sustainable low-cost airlines, the A321neo aircraft incorporates the latest technologies in aviation and offers significant environmental benefits, with a nearly 50% reduction in noise footprint, a 20% reduction Read more

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Airbus and Ecocopter to strengthen UAM presence in Latin America

CityAirbus NextGen ©Airbus Helicopters

Airbus has announced that it has signed a Memorandum of Understanding (MoU) with Ecocopter to expand urban air mobility (UAM) services in a number of Latin American countries with the intent to create a fully functioning UAM ecosystem in the region. Initially the partnership will involve the exploration and definition of launch scenarios for air mobility operations, predominantly in Peru, Ecuador and Chile. This will include joint activities to develop UAM operations over the continent, as well as ways to target first-use cases, pilot cities and regions. Ecocopter has been connected to Airbus many years and currently operates a fleet Read more

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EASA certifies Rolls-Royce Pearl 700 engine

©Rolls Royce

The Pearl 700, the exclusive engine for the brand-new Gulfstream Aerospace flagship Gulfstream G700 and Gulfstream G800 business jet aircraft, has received official certification from the European Union’s Aviation Safety Agency (EASA). The pioneering engine, which was developed at the Rolls-Royce Centre of Excellence for Business Aviation engines in Dahlewitz, Germany, was custom designed to power two of Gulfstream’s latest products, enabling them to fly ultra-long-range missions at close to the speed of sound. During the comprehensive test programme, the engine demonstrated exceptional performance operating at sea-level and altitude conditions on both conventional jet fuel and 100% Sustainable Aviation Fuel (SAF). It Read more

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Boeing estimates demand for nearly 3,000 commercial jets in the Middle East over next 20 years

©Boeing

With air travel and tourism continuing to drive Middle Eastern economic growth, Boeing estimates that the region’s passenger traffic and commercial fleet are projected to more than double over the next two decades. The company announced its estimate in the 2022 Boeing Commercial Market Outlook (CMO), a forecast of 20-year demand. Middle Eastern carriers have successfully managed the challenges brought on by the pandemic by adjusting their business models and increasing usage of freighters to maximise revenue. Looking ahead, the region’s fleet is forecasted to expand to 3,400 airplanes to serve fast-growing passenger traffic as well as increasing cargo demand, Read more

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NAC signs multiple new lease agreements with VOEPASS, Braathens and Wideroe

Braathens ATR 72-600 aircraft ©AirTeamImages

Nordic Aviation Capital (NAC) has released that it has signed multiple new lease agreements in the last week. The company will lease two ATR 72 aircraft to VOEPASS, a leading regional carrier based in Ribeirao Perto, Sao Paulo, Brazil. Another agreement was signed with Braathens Regional Airways AB, a scheduled carrier based in Stockholm, Sweden, for two ATR 72-600 aircraft. Furthermore, NAC confirmed that it has executed a sale agreement for two DHC8-400s and a lease agreement for three DHC8-400s with Wideroe Flyveselskap AB, based in Bodo, Norway.

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Air Canada to take stake in Heart Aerospace and orders 30 ES-30 electric-hybrid aircraft

ES-30 hybrid-electric aircraft in Air Canada livery ©Heart Aerospace

As part of Air Canada’s commitment to become a net-zero carbon emissions operator by 2050, the flag-carrying airline has agreed to purchase 30 ES-30 hybrid-electric aircraft from Sweden’s Heart Aerospace. In addition, as part of Air Canada’s commitment to reducing carbon emissions, it is also acquiring a US$5 million equity stake in the Gothenburg, Sweden-based regional aircraft manufacturer. The ES-30 hybrid electric aircraft will be used by Air Canada for local and regional flights and should be in service by 2028. Operating on battery power alone, the 30-passenger aircraft will have a range of 200 km. Using the reserve hybrid Read more

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Major boost for Gulfstream 400 programme as P&W Canada PW812GA gets type certification

©Pratt & Whitney Canada’s PW812GA engine has received type certification from Transport Canada

Pratt & Whitney Canada, an offshoot of Pratt & Whitney, has announced it has received Type Certification from Transport Canada Civil Aviation for its PW812GA engine. This engine was chosen in in October 2021 to power the latest Gulfstream G400TM business jet. Once operational, the G400 will be the third Gulfstream jet to be powered by Pratt & Whitney engines. The Gulfstream G500 is powered by the PW814GA and entered into service in 2018, while the G600 is powered by the PW815GA which entered into service in 2019. GA stands for ‘General Aviation’ and the PW800 engines share multiple commonalities Read more

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