Recent posts
View all
Malaysia Airlines to acquire 20 Airbus A330neo aircraft for widebody fleet renewal
KUALA LUMPUR, MALAYSIA — Malaysia Airlines has selected the A330neo for the carrier's widebody fleet renewal program. The initial agreements cover the acquisition of 20 A330-900 aircraft, with 10 to be purchased from Airbus and 10 to be leased from Dublin-based Avolon. The announcement was made at an event in Kuala Lumpur, attended by MAG CEO Izham Ismail and Airbus Chief Commercial Officer and Head of International Christian Scherer, who signed a Memorandum of Understanding (MOU) for the aircraft to be ordered from Airbus. The agreemen…
Braathens Regional Airlines expands its fleet
STOCKHOLM, SWEEDEN — Stockholm-based Swedish carrier Braathens Regional Airlines (BRA) has signed long-term operating leases with the Danish lessor Nordic Aviation Capital for two ATR 72-600s. The airline is currently shortlisting candidates for five A319s to be delivered in the first half of 2023. One brand-new ATR 72-600 is delivered to the airline in Toulouse, France, this week. The second aircraft, which is a 2019 model second-hand turboprop, will be delivered in October this year. The two ATRs will expand the airline's domestic fle…
WestJet enhances intra-B.C. connectivity with new service between Penticton and Vancouver
CALGARY, CANADA — Canada's second-largest airline WestJet announced the airline's newest regional route between Penticton, B.C., and Vancouver, starting in February next year. The route will strengthen critical intra-provincial connectivity for British Columbians and local businesses and is scheduled to operate six-times weekly on WestJet Link. "The addition of new intra-provincial routes is critical as we invest in our presence in the West and look to strengthen our offerings to ensure British Columbians have more access to conve…
Atlas Air Worldwide to be acquired by investor group for $5.2 Billion
LOS ANGELES, CALIFORNIA — Atlas Air Worldwide, a global provider of outsourced aircraft and aviation operating services, announced that it has entered into a definitive agreement to be acquired by an investor group (“the Consortium”) led by funds managed by affiliates of Apollo together with investment affiliates of J.F. Lehman & Company and Hill City Capital in an all-cash transaction with an enterprise valuation of approximately $5.2 billion. Under the terms of the agreement, Atlas Air Worldwide shareholders will receive $102.50 per s…
Boeing takes new role to help cut aviation emissions faster
SEATTLE, WASHINGTON — The American aerospace giant Boeing will represent the aviation sector in a global alliance jointly established by the U.S. Government and World Economic Forum to accelerate clean technologies and reduce carbon emissions. The First Movers Coalition (FMC) was created in late 2021 to leverage the purchasing power of major companies to speed up the pace of decarbonizing industrial sectors such as shipping, chemicals and trucking. Boeing, a founding member of the coalition, will serve as the ‘champion’ for the aviation sec…
TrueNoord leases second Embraer E190 to Cobham Regional Services
AMSTERDAM, THE NETHERLANDS — The Dutch regional aircraft lessor TrueNoord has completed the transition of a second Embraer E190 (MSN 1900099) to the Australian carrier Cobham Regional Services on a six-year operating lease. The aircraft was integrated into Cobham’s fleet in May and is already operating charter flights from its base in Perth. The smooth transition of this E190 from TrueNoord’s previous lessee, Mandarin Airlines, was particularly challenging due to pandemic restrictions. “At the time, it was not possible to send inspectors to…
American Airlines to invest in "Hydrogen-Electric" engine developer ZeroAvia
FORT WORTH, TEXAS — American Airlines is investing in the British/American hydrogen-electric aircraft developer ZeroAvia. In addition to the investment, a memorandum of understanding provides American the opportunity to order up to 100 engines from ZeroAvia’s hydrogen-electric powertrain development program. The engines are intended to power regional jet aircraft with zero emissions. “Our investment in ZeroAvia’s emerging hydrogen-electric engine technology has the potential to play a key role in the future of sustainable aviation,” said De…
Etihad Airways scales up its cargo operations with Airbus’ new generation A350F freighter
ABU DHABI, UAE — Etihad Airways has firmed up its order with Airbus for seven new generation A350F freighters, following its earlier commitment announced at the Singapore Airshow. This order of the A350F sees the national carrier of the UAE expanding its relationship with Airbus, and adding to its existing order of the largest passenger version of A350-1000s, five of which have been delivered. Tony Douglas, Group Chief Executive Officer, Etihad Aviation Group, said: "In building one of the world's youngest and most sustainable flee…
Argentinian authorities seizes a CONVIASA B747 at the request of U.S. Department of Justice
WASHINGTON D.C. — On August 2, The U.S. Department of Justice transmitted a request to Argentinian authorities to seize a Boeing 747-300M cargo plane following the unsealing of a seizure warrant in the U.S. District Court for the District of Columbia. The Boeing 747 Aircraft Was Recently Transferred from a Designated Iranian Airline to South America in Violation of U.S. Export Control Laws. The warrant, which was issued on July 19, 2022, alleges that the U.S.-made plane is subject to forfeiture based on violations of U.S. export control law…
Air Lease Corporation to lease two new Airbus A321neo jets to Qanot Sharq Airlines
LOS ANGELES, CALIFORNIA — The American lessor Air Lease Corporation announced long-term lease placements for two new Airbus A321neo aircraft with Qanot Sharq Airlines, the first privately-owned airline in Uzbekistan. The planes are scheduled to deliver to the airline this fall from ALC's order book with Airbus. "We are very pleased with this placement of two new A321neo aircraft with Qanot Sharq Airlines. Thanks to positive economic reforms intended to encourage private sector growth, the Uzbek economy and middle class have been e…
Global Crossing Airlines to convert an Airbus A321 to A321 P2F
VANCOUVER, CANADA — Canada's new carrier Global Crossing Airlines signed a definitive agreement with the Icelandic aircraft leasing company to convert an Airbus A321 aircraft (MSN 2840) and lease it to GlobalX for a period of eight years. The Aircraft is currently operated by GlobalX in passenger configuration and will be converted at a Precision Aircraft Solutions facility starting in October 2023 and is expected to be placed into freighter revenue service by April 2024. GlobalX helped arrange for the sale of the Aircraft from the curr…
Piedmont Airlines to add 15 Embraer 145s to its regional fleet
SALISBURY, MARYLAND — The American regional airline operator Piedmont Airlines will take delivery of 15 Embraer-145 aircraft starting in late summer. The additional aircraft will transfer from the American subsidiary, Envoy Air, over the next several months. “Our Piedmont team’s outstanding performance throughout the pandemic period is being rewarded with a significant investment in the expansion and life of our fleet,” said Eric Morgan, Piedmont CEO. “With a strong increase in pilot hiring, including a significant number of Direct Entry Ca…