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Aircraft & Engines

Austrian Airlines signs for four Q400 Nextgen airliners

Austrian Airlines has signed a contract to acquire four Q400 NextGen turboprop airliners. The airline has also taken options on an additional two aircraft. The aircraft will be operated by the regional airline of the Austrian Airlines Group, Tyrolean Airways. The brand name is Austrian arrows. Based on the list price for the Q400 NextGen

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World Airways to operate MD-11 freighter for Air France

World Airways has signed a contract with Air France to operate one MD-11F on a full-time basis for service from France to a variety of destinations in North Africa and a weekly flight to Brazil. World Airways began operating the aircraft for Air France on Aug. 31, 2008. This is the second consecutive year that

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Saga Airlines orders two Boeing Next-Generation 737-800s

Saga, the Istanbul-based airline, has ordered two Boeing 737-800s with Blended Winglets. Saga Airlines has also secured two purchase rights for the same model. This order is valued at $149 million at current list prices. Saga Airlines, which is the sister company of Saga Tours and Istanbul Petrol A.S commenced operations in April 2004. The

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CIT Aerospace orders ten more Airbus single-aisle aircraft

CIT Group has signed a firm contract with Airbus for a further ten A320 Family aircraft. With this order, the total number of aircraft in the Airbus order book for the CIT Group now stands at 199 aircraft, comprising 157 A320 Family aircraft, 30 A330s, seven A350s and five A319s for executive & private use.

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Gulf Air signs 787 purchase agreement

Beoing signed a letter of intent with Bahrain’s national carrier, Gulf Air, for an additional eight 787 Dreamliners. Upon successful conclusion of negotiations with the airline, Gulf Air will have a total of 24 787s on order.

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CIT reports 100th aircraft financing milestone with NetJets

CIT Aerospace, a unit of CIT, has reached a milestone of financing 100 total aircraft, mostly in increments of 1/16th and 1/8th shares, through its fractional lease and finance program with long-time commercial partner NetJets. NetJets is the pioneer and worldwide leader in fractional aircraft ownership. With this milestone, CIT is approaching $1.5 billion in

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