Jetscape Signs Four Year Lease Agreement with Hola Airlines of Spain

US-based aircraft lessor Jetscape has signed a five-year lease agreement with Spanish airline Baleares Link Express, which operates under the Hola Airlines name, with respect to one Boeing B757-200 ETOPS aircraft. The aircraft (bearing manufacturer

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New Chinese airline East Star to introduce 20 Airbus A320s

East Star Airlines, a new Chinese airline based in Wuhan, signed a Letter of Intent with Airbus for the purchase of 10 A320s plus a firm lease deal with GE Commercial Aviation Service (GECAS) for another 10 A320s, becoming a new Airbus customer in China. Deliveries of the leased A320s to East Star will start from the second quarter of 2006. The aircraft will accommodate 128 passengers in a comfortable two-class configuration.

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ST Aerospace wins $120 million contract to provide with training helicopter

Singapore Technologies Aerospace Ltd (ST Aerospace) announced that it has won a contract to provide training helicopter for the Singapore Ministry of Defence. Under this contract, worth about $120m, ST Aerospace will provide the Republic of Singapore Air Force (RSAF) a fleet of five EC120 Colibri helicopter with full technical and logistic support for the fleet over a period of 20 years. Under the programme, ST Aerospace will own and maintain the helicopter, while pilot training would be performed by the RSAF. Eurocopter Southeast Asia (ESEA), which collaborated with ST Aerospace on this project, will supply the helicopter as well Read more

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Airbus receives orders for 70 A320s from AerCap

AerCap has signed a letter of intent for the purchase of 70 Airbus A320 Family aircraft. AerCap was formerly known as debis AirFinance, which was recently acquired by Cerberus. In 1999 AerCap (then debis AirFinance) had ordered 31 Airbus A320 Family aircraft. The new deal will take its Airbus portfolio to more than 170 aircraft. The type of engines has yet to be announced.

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Airbus receives a total of $14 billion of orders during Dubai Airshow

Airbus announced orders and commitments (excluding options) for 157 airliners worth around $14 billion during the Dubai air show. The deals reaffirm Airbus’ leading role in the airliner business and reflect an increasingly strong market recovery. In addition, they had 155 commitments for the new A350 airliner, which is expected to rise to approx. 200 by year end. The sales came from America, Europe and India – as well as the Middle East – highlighting the global success of the modern Airbus aircraft family. The full breakdown of announcements comprises AerCap for 70 A320 Family aircraft, ALAFCO of Kuwait for Read more

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HAESL and SAESL wins a $600 million maintenanace agreement with Emirates

Hong Kong Aero Engine Services Ltd. (HAESL) and Singapore Aero Engine Services Limited (SAESL) have signed a new contract with Emirates Airline for the ongoing maintenance and repair of Rolls-Royce Trent aircraft engines within its fleet. HAESL is a joint venture of Rolls-Royce (45%), HAECO (45%) and SIAEC (10%). The new contract, potentially worth $600 million, will cover the maintenance of all Emirates’ Trent 500, Trent 700 and Trent 800 engines for the next three years. Up to 200 engines could be overhauled under this agreement and the work will be shared between HAESL and SAESL

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