Textron Aviation signs purchase contract with Pel-Air for King Air 350 air ambulance aircraft

King Air 350 ©Textron Aviation

Textron Aviation has signed a purchase contract with Pel-Air, based in New South Wales, Australia, for five Beechcraft King Air 350 air ambulance turboprop aircraft. The aircraft, configured for multi-stretcher operations, will be equipped with the aft cargo door and heavy weight options for additional performance capabilities. Deliveries are expected to begin later this year and run through 2021. The five King Air turboprops will be used by Pel-Air to provide contracted air ambulance service to NSW Air Ambulance, a government agency providing emergency services in New South Wales as part of NSW Health Service. The new aircraft, which will Read more

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First Airbus A350-900 for Aeroflot

Aeroflot takes delivery of its first A350-900 aircraft ©Airbus

Russian flag carrier Aeroflot, a member of the SkyTeam alliance, has taken delivery of its first A350-900, becoming the launch operator of the latest-generation wide-body aircraft in Eastern Europe and CIS. Aeroflot’s A350-900 features a distinctive new livery embracing its almost 100-year heritage. Aeroflot has a total of 22 A350-900 aircraft on order and operates an Airbus fleet of 126 aircraft (107 A320 Family and 19 A330 Family aircraft). Aeroflot’s A350-900 features a brand new elegant cabin design, offering unrivalled passenger comfort. The aircraft has a spacious three-class cabin layout with 316 seats: 28 private Business Class suites with full-flat Read more

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AFG Aviation Ireland acquires one Airbus A320-214 from Vermillion Aviation

AFG Aviation Ireland has completed the acquisition of one Airbus A320-214, bearing MSN 4865, from Vermillion Aviation (Nine) – managed by AMCK Aviation Holdings Ireland. AFG offers tailor-made commercial aircraft solutions to its investor base and aircraft operators alike. The company has closed over 100 aircraft transactions in recent years valued in excess of US$4 billion.

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First GTF engine produced in Japan completes maiden flight

Mitsubishi Aircraft Corporation, an MHI Group company, has completed its maiden flight with the first Pratt & Whitney GTF™ PW1200G engine, assembled in Japan. The flight was completed in the United States at the company’s Flight Test Center in Moses Lake, WA, and was performed by the company’s Flight Test Aircraft 1 (FTA1). With the success of this flight, Mitsubishi Aircraft and Mitsubishi Heavy Industries Aero Engines, (MHIAEL) marked an important milestone for the development of the commercial aviation business in Japan.

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Boost for Boeing as ANA places order for 15 787 Dreamliners worth US$5 billion

ANA will add 15 Dreamliners to its fleet ©AirTeamImages

Having failed for the first time in many years to secure any orders in the month of January, Boeing has confirmed that Japan’s ANA Holdings Inc (ANA) has placed an order for 15 more 787 Dreamliners worth an estimated US$5 billion at list price. However, the news is not so good for Roll-Royce who had been the engine supplier for previous Dreamliners delivered to ANA. This time the Japanese carrier has opted for General Electric engines to power the latest jets which will comprise 11 787-10 stretch versions and four shorter 787-9s, with options for a further five 787-9s. The Read more

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ST Engineering’s joint venture announces securitization of 30 aircraft engines

ST Engineering has released that Total Engine Asset Management (TEAM), an engine leasing joint venture of its Aerospace arm, has entered into agreements for the sale of 30 aircraft engines using a securitization structure. This sale will enable the group to free up capital for future investments including aircraft engines and reduce TEAM’s capital employed. The transaction comprises a diversified portfolio of 30 aircraft engines that power primarily narrowbody aircraft leased to 13 airlines across 11 countries, with a weighted average remaining lease term of about six years. The structure includes about US$257 million (approximately S$358 million) of fixed rate Read more

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Aergo Capital delivers one Airbus A330-200 to Jordan Aviation

Jordan Aviation ©AirTeamImages

Aergo Capital (Aergo) has completed the delivery of one Airbus A330-200 aircraft, bearing manufacturer’s serial number 834, to Jordan Aviation. The aircraft, which is owned by an affiliate of METAL 2017-1, was previously on lease to Shaheen Air. Fred Browne, Chief Executive Officer of Aergo, commented: “The delivery of this aircraft to Jordan Aviation is evidence of Aergo’s commitment to supporting growth in this region and our team are delighted to have formed a relationship with the airline.”

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AerCap signs lease agreement with Belavia Airlines for three Embraer E195-E2 aircraft

Belavia Airlines and AerCap have signed lease agreements for three Embraer E195-E2 aircraft ©AerCap

AerCap has signed an agreement with Belavia – Belarusian Airlines for the lease of three new Embraer E195-E2 aircraft. The aircraft are from AerCap’s order book with Embraer. The first aircraft is scheduled to deliver in December 2020, with the remaining two aircraft delivering in March and April 2021. AerCap was the launch lessor customer of Embraer’s E-Jets E2 and has a total of 50 Embraer E190-E2s and E195-E2s owned and on order.   

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NAC delivers one new ATR 72-600 to Silver Airways

Silver Airways ATR 72-600 ©AirTeamImages

Nordic Aviation Capital (NAC) has delivered one new ATR 72-600 aircraft, MSN 1555, to Silver Airways on lease. Independent regional airline Silver Airways operates routes within Florida and between Florida and the Bahamas from its hubs in Fort Lauderdale, Orlando and Tampa and also flies seasonally between Boston and Bar Harbor, Maine.

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