US Airways chooses Trent 700 engines for up to 30 A330-200

US Airways has chosen Trent 700 engines to power up to 30 Airbus A330-200 twinjets. The value of the new business is approximately $2 billion and includes two long-term TotalCare services agreements for the Trent 700 and RB211 engine fleets. The A330 order comprises engines for 15 firm and up to 15 additional aircraft. This is the latest in a series of engine orders placed by US Airways since mid-2007. In June the airline announced firm orders for 22 Airbus A350 XWB aircraft powered by Trent XWB engines with a value of approximately $1.8 billion, including a TotalCare agreement. In Read more

Email Post to a Friend Email Post to a Friend

Avianca signs 15-year, $750 million OnPoint solution agreement

Avianca has signed a 15-year OnPointSM solution agreement with GE Aviation’s Services business for the maintenance and overhaul of the CFM56-5B engines that power the airline’s fleet of 50 Airbus A319 and A320 aircraft. The agreement is valued at more than $750 million. The maintenance and overhaul work will be performed at the GE’s Celma facility at Petropolis, Brazil. Avianca has taken delivery of its first A320 aircraft. In 2007, the airline signed agreements to purchase 47 A319/A320 aircraft and has leased three additional airplanes from CIT Aerospace.

Email Post to a Friend Email Post to a Friend

Egyptair selects Rolls-Royce Trent 700 and TotalCare for additional A330s

EgyptAir has selected the Rolls-Royce Trent 700 to power an additional fleet of up to eight Airbus A330s, due for delivery from 2011. Including a TotalCare long-term services agreement, the contract is valued at around $500 million at list prices. The airline already operates a fleet of seven Trent 700-powered A330s and 16 Airbus A320-family aircraft powered by the V2500, which is made by the IAE (International Aero Engines) consortium in which Rolls-Royce is a leading shareholder. As part of the new agreement, Rolls-Royce has agreed to establish a jointly-owned management services company in Cairo. It will provide EgyptAir with Read more

Email Post to a Friend Email Post to a Friend

Babcock & Brown Aircraft Management delivers Boeing 737-800 to Transavia

Babcock & Brown Aircraft Management reported the delivery of a new Boeing 737-800 aircraft to Transavia France on March 4, 2008, at Boeing Field in Seattle, Washington. The aircraft is the third of five new Boeing 737-800 aircraft that BBAM and its partner, Nomura Babcock & Brown Co., Ltd., have agreed to lease to Transavia France. The delivery of the first two aircraft occurred in May and June of 2007 and the final two aircraft are scheduled to be delivered in April and May of 2008.

Email Post to a Friend Email Post to a Friend

Aeroflot to lease 10 new Airbus A330 jets from AerCap

AerCap Holdings N.V. has signed agreements to lease 10 new Airbus A330-200 aircraft to the Russian national carrier Aeroflot for lease periods between nine and 10 years. The aircraft are part of the order for 20 A330s that AerCap placed with Airbus in December 2006 and increased by another 10 aircraft in March 2007. The aircraft for Aeroflot will be powered by Rolls-Royce engines and are scheduled to be delivered between November 2008 and April 2010.

Email Post to a Friend Email Post to a Friend

Gulfstream introduces the all-new Gulfstream G650

Gulfstream Aerospace announced the introduction of an all-new business jet: the Gulfstream G650. With its ultra-large cabin and ultra-long range, the G650 establishes a new price and performance point for business-jet aircraft. It is capable of traveling 7,000 nautical miles at 0.85 Mach or 5,000 nautical miles at 0.90 Mach. Using an advanced aerodynamic design, the G650 has a maximum operating speed of 0.925 Mach. It can climb to a maximum altitude of 51,000 feet, allowing it to avoid airline-traffic congestion and adverse weather. Gulfstream expects to begin G650 customer deliveries in 2012. Based on the aircraft development schedule, the Read more

Email Post to a Friend Email Post to a Friend

B&B Air to acquire five aircraft

Babcock & Brown Air Limited has acquired five additional aircraft, increasing its portfolio to a total of 59 acquired and committed aircraft. The five new aircraft include: — One Airbus A319-112 on lease to Virgin America (US) — One Airbus A330-200 on lease to LTU (Germany) — Two Boeing 757-200s on lease to Icelandair (Iceland) — One Boeing 777-200ER on lease to KLM (Netherlands) The five aircraft, on lease to four airlines in two continents, cost approximately $265 million. The acquisitions are being funded from the Company’s five-year, $1.1 billion acquisition credit facility. When combined with the seven purchases announced Read more

Email Post to a Friend Email Post to a Friend

Government of Iraq orders six CRJ900 NextGen airliners

The Government of Iraq has placed a firm order for six CRJ900 NextGen airliners which will be used for civilian airline services in Iraq. The transaction includes options on an additional four CRJ900 NextGen aircraft. Based on the list price for the CRJ900 NextGen aircraft, the value of the firm contract is approximately $239 million. If all options are exercised, the contract value could rise to approximately $400 million.

Email Post to a Friend Email Post to a Friend

GE's GEnx-2B engine achieves 70,000 Lbs. takeoff thrust in first test

The GEnx-2B engine that will power the new Boeing 747-8 airplane demonstrated 70,950 lbs. of takeoff thrust during ground testing on March 12th, at GE’s outdoor testing facility in Peebles, Ohio. Ground testing on the GEnx engine began with idle runs on February 29 and reached 70,950 lbs. of standard day sea-level takeoff thrust on March 11. The certification program for the GEnx-2B engine will involve five engines. Engine certification is anticipated in first half of 2009 with entry into service in late 2009.

Email Post to a Friend Email Post to a Friend