Tag Archives: aircraft leasing

Avolon signs a MOU for 15 Airbus A330neo aircraft

Avolon (Dublin), the global aircraft leasing firm, has announced a Memorandum of Understanding (MOU) for 15 of Airbus’ newly launched A330neo aircraft. Avolon becomes a launch customer for the A330neo. The commitment was signed today at the Farnborough International Airshow 2014 by Dómhnal Slattery, Avolon CEO, John Higgins, Avolon President and Chief Commercial Officer and Fabrice Brégier, Airbus President and CEO.

The A330-800neo and the A330-900neo are two new members of the Airbus Widebody Family launched in July 2014 with first deliveries scheduled to start in Q4 2017. The A330neo incorporates latest generation Rolls-Royce Trent 7000 engines, aerodynamic enhancements and new cabin features. Benefitting from the excellent economics, versatility and high reliability of the A330, the A330neo reduces fuel consumption by 14% per seat, making it the most cost efficient, medium range Widebody aircraft on the market. In addition to greater fuel savings, A330neo operators will also benefit from a range increase of up to 400 nautical miles and all the operational commonality advantages of the Airbus Family.

Image: Airbus.

Boeing, GECAS announce a commitment for 10 787-10X Dreamliners

Boeing (Chicago) and GE Capital Aviation Services (GECAS) (Stamford), the commercial aircraft leasing and financing arm of General Electric (GE), announced today at the 2013 Paris Air Show a commitment to order 10 787-10X Dreamliners equipped with state-of-art GEnx engines, subject to the 787-10 program launch.

Boeing looks forward to working with GECAS to finalize the details of the agreement, at which time the airplanes will be posted to the Boeing Orders & Deliveries website as a firm order.

“We have studied the capabilities Boeing is developing for the 787-10X and anticipate strong demand from our airline customers for this airplane,” said GECAS President and CEO Norman C.T. Liu. “The 787-10X will be a perfect complement to our broad portfolio of modern, fuel-efficient aircraft offering the lowest operating costs in the market.”

Boeing has been working closely with airline and leasing customers to define the key capabilities and features of 787-10X, which would be the third and largest member of the 787 family. The 787-10X under consideration would add approximately 15 percent passenger capacity over the 787-9 with superior fuel efficiency to serve medium and long-haul markets.

Once finalized, these 787s will bring the total number of airplanes GECAS has ordered from Boeing to 598 since 1995, including 737s, 747s, 757s, 767s and 777s. To date, GECAS has taken delivery of 444 of the airplanes.

ILFC exercises options to purchase 50 incremental Airbus A320neo Family aircraft from Airbus

International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (AIG), announced today that it has exercised options to purchase 50 incremental A320neo Family aircraft from Airbus that were part of the agreement signed in April 2011 for 100 firm A320neo Family aircraft.

ILFC was the first leasing company to order the Airbus A320neo Family aircraft and has the largest order position among aircraft leasing companies. Deliveries of ILFC’s NEO aircraft are expected to commence in 2015. Officially launched in December 2010, the A320neo Family aircraft incorporate greater fuel-efficiency and eco-friendly technology, providing reductions in engine noise and emissions.

Air Lease Corporation signs a contract for 20 A350-900s and five A350-1000s

Air Lease Corporation (ALC) (Los Angeles), the aircraft leasing company, has signed a contract for 25 A350 XWB Family aircraft, consisting of 20 A350-900 and five A350-1000, the largest member of the A350 XWB Family. ALC also has options for five additional A350-1000s. With this new order, ALC becomes the 35th A350 XWB customer and the order takes the A350 XWB backlog past 600 (to 617).

Concurrently, ALC has signed a purchase order for 14 A321neo aircraft following an earlier agreement announced at the 2012 Farnborough International Air Show for 36 A320neo Family aircraft plus 14 options. With this latest confirmation from ALC, the lessor’s cumulative orders for the A320neo Family have reached 50, of which up to 34 will be A321neo models. ALC will announce engine selections at a later date.

BOC Aviation signs a contract for 50 Airbus Family aircraft, including 25 A320neo aircraft

BOC Aviation (Singapore), the aircraft leasing subsidiary of Bank of China, has placed a new firm order, signed in December 2012, for the purchase of 50 A320 Family aircraft including 25 NEOs. The order comprises A320 and A321 variants of both engine options. BOC Aviation will make its engine selection for the aircraft at a later date.

BOC Aviation last placed an order for A320ceo Family aircraft in 2010. This order for A320neo Family aircraft will be its first for the new engine option. As an investor in aircraft, the Company seeks fuel-efficient aircraft that have a wide operator base and this order will further contribute to its growth.

Jetairfly to lease two Embraer ERJ 190s in 2013

Jetairfly (Jetairfly.com) (TUI Airlines Belgium) (subsidiary of TUI Travel PLC) (Brussels) will lease two Embraer ERJ 190 jets under an agreement with BOC Aviation (Singapore), an aircraft leasing company. The two ERJ 190s will be delivered in the first half of 2013.

Jetairfly’s ERJ 190s will be configured with 112 slim line seats in a single-class layout. The E-Jets will allow the airline to provide capacity more economically on lower-demand routes that are currently served by larger narrow-body equipment. The ERJ 190s are also intended to be deployed in winter markets where seasonal demand is better satisfied with 100-seat aircraft.

Jetairfly.com is a brand name of N.V. Jetair. Jetair is the Belgian branch of TUI Travel.

Jetairfly:

Tyrolean Airways to lease two Airbus A320s from GECAS

GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced it will lease two Airbus A320-200 aircraft to a new customer, Tyrolean Airways (Innsbruck).

Tyrolean Airways is now responsible for operating all Austrian Airlines flights. Austrian Airlines (Vienna) has become virtually a marketing name rather than an operating airline. Only one aircraft for legal reasons has been retained on the Austrian certificate. Otherwise all other Austrian aircraft and personnel have been shifted to lower-cost Tyrolean. Tyrolean is also dropping the Austrian arrow name.

The aircraft are scheduled for delivery in early 2013 and will expand the existing fleet to around 80 aircraft.

Austrian Airlines Slide Show:

CALC signs MOU for 36 A320 Family aircraft

China Aircraft Leasing Company (CALC) (Hong Kong) has signed a Memorandum of Understanding (MoU) at the 2012 Farnborough International Airshow for 36 current generation A320 Family aircraft. The deal includes eight A321s, the largest member of the A320 Family and operators will be able to select Airbus’ new fuel saving Sharklets.

CALC currently owns a portfolio of 11 Airbus aircraft including five A320s, five A321s and one A330. It also has three A330s and five A320s aircraft in its delivery pipeline. With this new commitment, CALC’s Airbus fleet will grow to over 50.

Image: Airbus.