FLY Leasing Limited, a global lessor of modern, fuel-efficient commercial jet aircraft, has entered into an agreement to purchase a $1.4 billion portfolio of 49 aircraft, increasing FLY’s total aircraft under operating lease to more than $3 billion. The aircraft were previously managed by Global Aviation Asset Management, an Australian company. The aircraft are on
Kansas City based aircraft trading company Jet Midwest Group, has successfully concluded the purchase of 9 MD-82 and MD-83 series aircraft from American Airlines. Jet Midwest intends to make the aircraft available for lease and sale to it’s customers. Jet Midwest also owns Kansas City based MRO Jet Midwest Technik which has recently added MD-80 and
BAE Systems and new aircraft asset manager Falko have signed a long-term agreement for the provision of a comprehensive range of support and engineering services for the BAE Systems-built aircraft in the Falko lease portfolio. Under the agreement BAE Systems Regional Aircraft, as the Original Equipment Manufacturer (OEM) and Type Certificate holder, will continue to provide
Boeing and GE Capital Aviation Services (GECAS) have finalized a firm order for two 747-8 Freighters and eight 777-300ERs (extended range) airplanes. The order marks the completion of an agreement originally announced during the Paris Air Show in June. At list prices, the order is valued at $2.9 billion.
Aeronautical Engineers, (AEI) has been selected by an undisclosed customer to provide one B737-400SF, 11 Pallet Configuration Passenger to Freighter Conversion. The aircraft, a Standard Gross weight B737-400 was built in 1991 and is currently undergoing freighter modification and heavy maintenance at Commercial Jet, one of AEI’s authorized conversion centers.
The new Boeing 747-8 Freighter successfully completed its certification flight test program on August 2nd, with two airplanes landing at Paine Field in Everett, Wash. Flight test airplane RC522 completed testing of the flight management computer (FMC) and RC523 completed function & reliability (F&R) testing. The first 747-8 Freighter is scheduled to be delivered to
ExecuJet Europe has successfully completed the last round of Pilot Training for the German Air Force. The final training, on Bombardier Global Express aircraft, took place in June in South America, covering as many as eight countries over seven days. Lufthansa Technik selected ExecuJet earlier this year to provide landing and line training to six
International Lease Finance Corporation (ILFC) has signed an agreement with AerCap Holdings N.V. to acquire its AeroTurbine subsidiary. The acquisition of AeroTurbine will provide synergies and allow ILFC to realize more value from its fleet portfolio. These synergies will maximize the value in the remaining life and ultimate disposition of aircraft and provide a tool to optimize
Turkish Technic signed APS3200 APU repair services contract with Atlasjet, which covers APU repair and spare support during shop visit. Repair work will be carried out at Turkish Airlines Technic’s APU shop in Istanbul, Turkey and will be completed by the middle of August.
Dynomax reported that its aerospace operations has been awarded a three-year contract by B/E Aerospace. Under the agreement, Dynomax will provide high-precision machined metal components for first class seats on certain Airbus A380 and Boeing 777 aircraft. Dynomax offered a custom kitted solution that includes the design and building of custom recyclable shipping containers with specialty
