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Aircraft & Engines

Kalitta Air orders one new Boeing 747-400ERF

Kalitta Air announced that it closed a purchase agreement for a new Boeing 747-400ERF aircraft in order to continue and expand its international cargo operations. Wells Fargo Bank Northwest, NA served as owner trustee and seller. Financial terms of the transaction were not disclosed. The aircraft, which had not previously been flown in revenue, marked

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Rolls-Royce wins $350m contract from Hawaiian Airlines

Rolls-Royce has won a $350m contract from Hawaiian Airlines to deliver Trent 700 engines to power five Airbus A330 aircraft.  The order includes TotalCare long-term services support. The aircraft, to be delivered from 2013 to 2015, will add to the airline’s current fleet of five Trent 700-powered A330s and another 12 to be delivered.

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Finnair optimizes narrow body fleet

Finnair plans to reduce the size of its narrow body fleet by four aircraft in autumn 2012 as part of its earlier announced savings program of €140m. The reduction will bring significant savings and will be implemented by optimizing the airline’s flight schedules and network.  Finnair expects to realize a significant boost in narrow body aircraft utilization

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Doric Asset Finance takes delivery of 11th A380

Doric Asset Finance took delivery of its 11th A380. The aircraft with the manufacturer’s serial number (MSN) 083 was acquired by the German closed-end fund SKY CLOUD III. The Airbus A380 is on lease to Dubai-based carrier Emirates for a period of 12 years. The purchase price of the aircraft was $234m. The long-term loan of up to

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Porter Airlines receives two more Bombardier Q400 NextGen aircraft

Porter Airlines accepted two new Bombardier Q400 NextGen aircraft, bringing the company’s fleet to 26.  Porter, one of the largest operators of Q400 aircraft, placed the $61m order for the two aircraft in March 2011. Porter has four outstanding options for Q400 NextGen aircraft, which it anticipates exercising within two years.

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ALC signs lease agreements for 13 additional aircraft

Air Lease Corporation announced that it has signed lease agreements for 13 additional aircraft. ALC placed the following new aircraft from its order book: Two Embraer 175s leased to Belavia (Belarus). Four ATR 72-600s leased to Passaredo (Brazil). Two Airbus A320-200s leased to S7 Airlines (Russia). Additionally, ALC leased the following aircraft from its fleet: One

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