Tag Archives: memorandum of understanding

Minsheng Financial Leasing signs MOU for 30 Boeing 737s

Boeing (Chicago, Seattle and Charleston) and Minsheng Financial Leasing (Minsheng) today signed a Memorandum of Understanding (MOU) at the Paris Air Show for the purchase of 30 737 airplanes, a mix of Next-Generation 737 and 737 MAX airplanes.

Minsheng Financial Leasing logo

As one of the first five leasing companies approved by China Bank Regulatory Committee, Minsheng was founded in April 2008 by China Minsheng Banking Corporation, the largest private commercial bank in China.

Minsheng has become a top-tier leasing company in China and has enjoyed the leading position in the business jet market. In 2013, Minsheng entered commercial airplanes, focusing on high-demand aircraft type and the global aviation market.

Minsheng currently owns more than 30 commercial aircraft which are leased to more than 10 airlines customers across the world.

Image: Boeing.

RwandAir signs MOU for two Airbus A330s

RwandAir A330 (09)(Flt)(Airbus)(LR)

RwandAir (Kigali), the national flag carrier of the Republic of Rwanda, has signed an MOU (Memorandum of Understanding) for two Airbus A330s. The agreement makes RwandAir a new Airbus customer and the first airline in East Africa to order the A330.

RwandAir’s A330s will be delivered in the second half of 2016 and will be equipped with Rolls Royce Trent 772B engines.

Rwanda’s flagship carrier will deploy the new A330 aircraft on medium and long haul routes from their Kigali home base to long-haul destinations throughout Europe, the Middle-East and Asia.

Image: Airbus.

RwandAir aircraft slide show: AG Airline Slide Show

The new Eastern Air Lines signs a MOU for 20 Mitsubishi MRJ90s

Mitsubishi Regional Jet (MRJ)(Mitsubishi)(LRW)

Mitsubishi Aircraft Corporation announced today that it has signed a Memorandum of Understanding (MOU) for an order for twenty firm MRJ90 with purchase rights to an additional twenty MRJ90s with the Eastern Air Lines Group, Inc. (Eastern Airlines 2nd) (Miami). Based on this MOU, both companies will move forward to conclude a definitive agreement in the near future. Deliveries are scheduled to commence in 2019.

Eastern previously stated they had ordered the Boeing 737-800 in order to start operations. The proposed airline is still in the FAA certification process.

Edward J. Wegel, Eastern Air Lines Group President and CEO said, “We are extremely impressed with the operating cost benefits of the MRJ with the geared turbofan engine, which reduces seat mile costs almost to the level of current 130 – seater aircraft. This provides an excellent scheduling and route network advantage to Eastern as we look to add a second fleet type within five years.”

Thus far, 325 MRJ are on order, including 25 (15 firm, 10 option) from All Nippon Airways Co., Ltd., 100 (50 firm, 50 option) from Trans States Holdings, Inc. and 200 (100 firm, 100 option) from SkyWest, Inc.

Eastern logo (large)


Air Lease Corporation orders 25 Airbus A330-900neo aircraft

Air Lease A330-900neo (Flt)(Airbus)(LRW)

Air Lease Corporation (ALC) (Los Angeles) has announced a Memorandum of Understanding (MoU) for 25 A330-900neo aircraft, becoming the first launch customer for the new Airbus Widebody. ALC simultaneously announced a firm order for 60 A321neo aircraft. The contact was signed today at the Farnborough International Airshow by Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer and Fabrice Brégier, Airbus President and CEO.

Including today’s order, ALC’s total orders and commitments for Airbus aircraft reaches 225, of which 200 are firm orders (50 A320ceo Family, 110 A320neo Family, 15 A330 Family, 25 A350 XWB Family) plus the MoU for 25 A330neo’s. ALC will announce engine selections for the 60 A321neo aircraft at a later date.

Image: Airbus.

Lufthansa and Air China to strengthen their partnership

Lufthansa (Frankfurt) has issued this statement:

Carsten Spohr, Chairman of the Executive Board and CEO of Deutsche Lufthansa AG, and Song Zhiyong, President and Executive Director of Air China Limited (Beijing), signed a memorandum of understanding (MOU) to enhance the commercial partnership as part of a joint venture, during the Chancellor’s visit to China.

Both companies also signed a memorandum of understanding to expand collaboration in the area of maintenance, repair and overhaul services.

As members of the Star Alliance, Lufthansa and Air China have been connected for a number of years. The memorandum of understanding should pave the way for the creation of a commercial joint venture between the German airline and Air China.

This partnership will add to the existing joint ventures with United Airlines and with Air Canada between Europe and North America (since 1998) and with ANA (since 2012) on routes between Europe and Japan.

The agreement with Air China will allow the Lufthansa Group to provide its airlines with even better access to the world’s second largest aviation market after the USA.

The new partnership agreement should come into force as early as the start of the winter flight timetable in late October 2014.

Since 2007, Air China has been a member of the Star Alliance, the world’s largest airline alliance, and with almost 49 million passengers, as measured by intercontinental traffic, is China’s biggest airline.

Top Copyright Photo: TMK Photography/AirlinersGallery.com. Lufthansa’s Boeing 747-430 D-ABVW (msn 29493) climbs away from the runway at Toronto’s Pearson International Airport (YYZ).

Lufthansa: AG Slide Show

Air China: AG Slide Show

Bottom Copyright Photo: Jay Selman/AirlinersGallery.com. Boeing 777-39L ER B-2043 (msn 41441) of Air China approaches the runway at New York’s John F. Kennedy International Airport (JFK).

SriLankan Airlines signs MOU for six Airbus A330-300s and four A350-900s

SriLankan Airlines (Colombo) has signed an MOU (Memorandum of Understanding) with Airbus for six A330-300s and four A350-900s. The MOU will have to be finalized into a firm contract.

Copyright Photo: Paul Denton/AirlinersGallery.com. SriLankan already operates the Airbus A330-200. The A330-300 and A350-900 will be new types for the flag carrier. Airbus A330-243 4R-ALB (msn 306) prepares to land at Dubai.

SirLankan Airlines: AG Slide Show

Norwegian and Virgin Atlantic pilots to cooperate on the Boeing 787 training and long-haul expertise, will expand in Germany

Norwegian.com 787-8 (02)(Nose) PAE (Norwegian)(LR)

Norwegian Long Haul (Norwegian Air Shuttle) (Oslo) has signed a Memorandum of Understanding (MOU) with Virgin Atlantic Airways (London). The agreement enables Norwegian to tap into Virgin Atlantic’s expertise on long-haul operations, while Virgin Atlantic’s instructors will receive pilot training on board Norwegian’s brand new 787-8 Dreamliner. Norwegian’s first Dreamliner is due for delivery at the end of June.

The cooperation with Virgin Atlantic will enable Norwegian’s long-haul pilots to make use of the airline’s vast long-haul experience. Virgin Atlantic will make all its training material available to Norwegian.

Virgin Atlantic’s pilots to train on board Norwegian’s 787 Dreamliner

At the same time, Virgin Atlantic’s 787 instructors will conduct the final part of their pilot training on board Norwegian’s Dreamliners. Virgin Atlantic’s most experienced instructors will continue flying on board Norwegian’s aircraft until the airline receives its first 787 Dreamliner in September 2014, just over a year after Norwegian’s first Dreamliner delivery.

“Introducing a new aircraft type to an airline is an extensive affair. It is therefore important that we learn from each other,” says Director of Flight Operations Norwegian Long Haul, Torstein Hoås.

A great advantage to both parties

“Virgin Atlantic is a successful long-haul airline with almost 30 years of Trans-Atlantic experience. It will be very beneficial for us to receive this support. At the same time, we are looking forward to helping Virgin Atlantic introduce the 787 Dreamliner to its fleet. The cooperation will be a great advantage to both parties,” he continues.

Virgin Atlantic will be the launch customer in Europe of the Boeing 787-9 Dreamliner, a slightly bigger version of the 787-8 Dreamliner. In the agreement signed on Friday, Virgin Atlantic states that it will train a number of Norwegian pilots on board its future Dreamliners.

“Virgin Atlantic are delighted to announce our training partnership with Norwegian. Our combined experience is being effectively utilised to ensure the safe and efficient introduction of the Boeing 787 aircraft to our fleet. We have much in common with Norwegian, having similar high quality training requirements, which has allowed our partnership to take shape,” says Captain Dave Kistruck, GM of Flight Operations for Virgin Atlantic.

In other news, Norwegian is expanding in the Germany-Spain market. The company has issued this statement:

Norwegian Air Shuttle continues its European expansion. The company has announced that it will launch new routes from Hamburg, Cologne and Munich to several Spanish destinations this autumn.

“The expansion in the German market is part of our future strategy to expand our presence outside of the Nordic region in order to meet the strong competition in the airline industry. We see that Germans frequently choose Norwegian when flying to Scandinavia and we believe that there is a demand for a quality airline that offers inexpensive fares between Germany and Spain. We are looking forward to welcoming passengers on board our modern and more eco-friendly aircraft,” said CEO of Norwegian Bjørn Kjos.

From the end of October, Norwegian launches brand new routes between Germany and Spain and will fly to Malaga, Alicante, Gran Canaria and Tenerife from Hamburg and Cologne. From Munich, Norwegian will offer flights to Malaga, Alicante and Tenerife.

Strong expansion

Norwegian is Europe’s third largest low-fare airline. As one of the fastest growing airlines in Europe, it is establishing itself outside of the Nordic region by opening bases in the UK and Spain. At the end of the month, Norwegian will, as the first European low-fare airline, commence long-haul flights to the US and Asia.

From Hamburg

Hamburg-Malaga (November 1), 3 weekly flights, from EUR 29,- one way
Hamburg-Alicante (November 1), 3 weekly flights, from EUR 29,- one way
Hamburg-Gran Canaria (October 27), 2 weekly flights, from EUR 49,- one way
Hamburg-Tenerife (October 27), 2 weekly flights, from EUR 49,- one way

From Cologne

Cologne-Malaga (October 31), 3 weekly flights, from EUR 29,- one way
Cologne-Alicante (November 1), 2 weekly flights, from EUR 29,- one way
Cologne-Gran Canaria (October 28), 2 weekly flights, from EUR 49,- one way
Cologne-Tenerife (October 28), 2 weekly flights, from EUR 49,- one way

From Munich

Munich-Malaga (November 1), 2 weekly flights, from EUR 39,- one way
Munich-Alicante (October 31), 2 weekly flights, from EUR 39,- one way
Munich-Tenerife (October 29), 2 weekly flights, from EUR 59,- one way

Copyright Photo: Norwegian Air Shuttle.

Norwegian: AG Slide Show

Virgin Atlantic: AG Slide Show