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Aircraft & Engines

Silver Airways continues fleet upgrade with third SAAB 340

Silver Airways has accepted delivery of the third of six Saab 340Bplus aircraft to be added to its fleet by July 2012. Each of the six Saab 340’s being added to the Silver Airways fleet will be subject to a period of inspection and certification to ensure full compliance with all safety and operational requirements

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AWAS agrees to acquire portfolio of twelve aircraft from GECAS

Dublin based global aircraft lessor, AWAS, has agreed to acquire a portfolio of twelve aircraft from GE Capital Aviation Services Limited (GECAS). All twelve modern, passenger aircraft are already on-lease to successful airlines, with six of the airlines joining AWAS as new customers. Bank debt for the acquisition is provided through a $317m limited recourse

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FLY Leasing acquires two B737-700s

FLY Leasing, a global lessor of modern commercial jet aircraft, has acquired two Boeing 737-700 aircraft on lease to Brazilian low-cost carrier GOL Airlines. FLY now has a fleet of 111 commercial aircraft on lease to 54 airlines in 29 countries.

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Eurocopter signs letter of intent with R&R Aviation for two EC130 B4

An agreement was signed with R&R Aviation on the last day of the Singapore Airshow for two brand new Eurocopter EC130 B4, marking Eurocopter’s breakthrough into the Bangladeshi market with its first new civil helicopter sale. This achievement capped Eurocopter’s successful outing at the Airshow this year, where it also inked deals for four new

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BOC Aviation leases four new A320-200 aircraft to Dragonair

BOC Aviation has signed agreements with Hong Kong Dragon Airlines (“Dragonair”) for the lease of four new A320-200 aircraft. Two aircraft will be delivered by the end of this month and the other two in the last quarter of this year. All four aircraft are powered by IAE2527-A5 SelectOne engines. This is the first time

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UAL sells 1997 vintage B747-422

United Airlines, represented by its remarketing agent Bristol Associates, has completed the sale of a UAL-owned 1997 vintage B747-422 (N196UA/Msn 28715) to Scaled Composites, (California). The aircraft will become part of a project to build the world’s largest aircraft to serve as a mobile platform for low cost satellite launches.

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Beijing Municipal Public Security Bureau orders two AW139s

Beijing Municipal Public Security Bureau has signed a contract for two AW139 medium twin helicopters. These aircraft, which add to one AW109 Power and two CA109 Power light twins already in service with this customer, will be used to perform law enforcement, fire fighting and air rescue operations in and around Beijing.

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El Al signs agreement to sell two CFM engines

El Al Israel Airlines has signed an agreement to sell and lease back two CFM engines, 56-7B, for an amount around $13-14m. EL AL leased back those engines for a period of 7 years at a lease rate of 0.75%-1.2% per month with an option to extend the contract by 5 years. As a result

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Pakistan International Airlines finalizes order for five 777-300ERs

Boeing and Pakistan International Airlines announced a firm order for five 777-300ER (extended range) airplanes. Valued at nearly $1.5bn at list prices, the order also includes purchase rights for five additional 777-300ERs. Based in Karachi, Pakistan International Airlines has been renewing its long-haul fleet to accommodate increased demand for air travel as well as to introduce

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