Equipment Sector News — Aircraft Deals
ILFC Completes 65 Lease Transactions in Q1/12
International Lease Finance Corporation said it completed 65 lease transactions and took delivery of ten new Boeing 737-800s during the first quarter of 2012.
Read more...Date Posted May 10, 2012
Banks in Business Jet Financing Not In For Easy Ride
FlightGlobal reports that banks in business jet financing are not in for an easy ride as a result of the abundance of cash buyers. Banks are also feeling the pressure of low pricing as finance sources are returning to the market.
Read more...Date Posted May 9, 2012
Atlas Air Worldwide Closes Loan Facility with CIT Aerospace
Atlas Air Worldwide, a global provider of outsourced aircraft and aviation operating solutions, announced the closing of a $35.7 million, five-year term loan facility with CIT Aerospace.
Read more...Date Posted April 5, 2012
Fitch: Aircraft Lessors Increasingly Tap Capital Markets
Fitch Ratings noted that an uptick in bond issuance by aircraft lessors could signal that the capital markets are once again becoming a viable financing alternative for the sector.
Read more...Date Posted March 29, 2012
Golden Gate Equipment Finance Brokers Gulfstream Lease
Golden Gate Equipment Finance said it was retained by a client to source Gulfstream IVs and brokered a 48-month lease with a G-IV owner that will transform a diminishing asset into an income producing asset for both parties involved.
Read more...Date Posted March 20, 2012
ILFC to Sell $1.5B of Senior Notes
ILFC said it has priced and entered into an agreement to issue and sell $750 million aggregate principal amount of 4.875% senior notes due 2015 and $750 million aggregate principal amount of 5.875% senior notes due 2019.
Read more...Date Posted March 15, 2012
Saab Aircraft Leasing In Deal with Silver Airways
Silver Airways said it has reached an agreement with Saab Aircraft Leasing to purchase six additional Saab 340Bplus aircraft. This latest acquisition brings the total number of Saab aircraft to 12 in the airline’s fleet.
Read more...Date Posted March 13, 2012
CIT Acquires $200MM Aircraft Loan Portfolio
CIT said it has purchased a $200 million aircraft loan portfolio consisting of seven aviation loan facilities to several U.S. airlines. The loans are secured by in-production Boeing and Airbus aircraft.
Read more...Date Posted March 8, 2012
GECAS Delivers New Leased Airbus A320 to India’s GoAir
GECAS said it delivered a new, CFM-powered Airbus A320 to GoAir following a purchase and leaseback transaction with the airline.
Read more...Date Posted March 6, 2012
GECAS Delivers Three New Airbus A320s to Airphil Express
GECAS announced delivery of three new Airbus A320 aircraft to Airphil Express in January and early February to help the carrier expand its fleet. All three aircraft are part of GECAS’ existing order book with Airbus.
Read more...Date Posted February 29, 2012
ILFC Increases Credit Facility for AeroTurbine
International Lease Finance Corporation, the parent company of AeroTurbine, said it has increased AeroTurbine’s existing senior secured revolving credit facility by $95 million to $430 million.
Read more...Date Posted February 24, 2012
ILFC Closes $900MM Senior Secured Term Loan
International Lease Finance Corporation said it has closed a new senior secured term loan of $900 million. The banks supporting the loan include Bank of America, Deutsche Bank, Royal Bank of Canada and UBS.
Read more...Date Posted February 23, 2012
Boeing Closes Largest Ever $22.4 Billion Order
Boeing said it closed a firm order for 230 737s valued at $22.4 billion with Jakarta-based Lion Air. The plane maker said the deal is the largest commercial airplane order ever in its history.
Read more...Date Posted February 14, 2012
Boeing: Global Airlines Will Require 33,500 New Aircraft
Boeing said it projects “strong” long-term growth in the airline industry over the next two decades and is forecasting that global airlines will require 33,500 new aircraft worth about $4 trillion.
Read more...Date Posted February 13, 2012
AVIC Leasing, Bombardier Sign MOU for Aircraft Financing
AVIC Leasing and Bombardier announced a memorandum of understanding for an expanded co-operation to support the financing of commercial aircraft sales in China and globally.
Read more...Date Posted February 9, 2012
ILFC Announces Proposed $900MM Senior Secured Term Loan
ILFC said it intends to raise a new senior secured term loan of $900 million to repay a portion of its outstanding debt and related interest expense, to pay related fees and expenses for the transaction and for general corporate purposes.
Read more...Date Posted February 6, 2012
GECAS Delivers New Boeing 737-800s to Royal Air Maroc
GECAS said it delivered three new Boeing 737-800 aircraft leased to Royal Air Maroc to help it with fleet growth.
Read more...Date Posted January 30, 2012
Court Allows AMR to Dump Nine More Aircraft Leases
The Chicago Tribune posted a report that AMR has received court permission to walk away from nine aircraft leases, raising to 33 the total number of planes rejected by the bankrupt parent of American Airlines.
Read more...Date Posted January 30, 2012
GECAS Delivers Two New Airbus A320s to TACA Airlines
GECAS announced delivery of two new Airbus A320 aircraft to TACA Airlines to help them with fleet growth.
Read more...Date Posted January 23, 2012
ILFC Completes 296 Lease Transactions in 2011
International Lease Finance Corporation said it completed 296 lease transactions for 2011, including extensions and placements from ILFC’s existing fleet and sale-leasebacks of 20 aircraft.
Read more...Date Posted January 23, 2012
RBS Sells Aviation Business to Sumitomo Mitsui for $7.3B
Bloomberg reported that Royal Bank of Scotland is selling its aviation leasing unit to Sumitomo Mitsui Financial Group for about $7.3 billion, the biggest disposal by the state-owned lender since its U.K. government bailout in 2008.
Read more...Date Posted January 17, 2012
Reuters: Aircraft Leases in Crosshairs as AMR Restructures
Reuters reported that AMR, the bankrupt parent of American Airlines, is racing to renegotiate aircraft leases and bag what experts believe could be hundreds of millions of dollars in savings.
Read more...Date Posted January 11, 2012
ICON Capital, Avinco Arrange Lease Placement of Three A340s
ICON Capital said that Aerolineas Argentinas has leased three 1996 vintage Airbus A340-300s from two investment funds managed by ICON Capital. Aircraft trading and remarketing specialists Avinco assisted with the deal structuring and delivery of the aircraft.
Read more...Date Posted January 6, 2012
Reuters: RBS Aviation Sale Down to Two Finalists
Reuters reported that China Development Bank and Sumitomo Mitsui Financial are the finalists to acquire RBS Aviation in a deal that could be worth as much as $7.5 billion.
Read more...Date Posted January 5, 2012
GECAS Places Order for Two Additional ATR 72-600s
GECAS and ATR announced an order for two additional ATR 72-600 turboprop aircraft, and two options. This is a follow-on to GECAS’ first-ever ATR order placed in June at the Paris Air Show.
Read more...Date Posted December 29, 2011
Saab Aircraft Leasing Reports Five Transactions
Saab Aircraft Leasing announced five transactions of SAAB aircraft with a total value of about $60 million. The deals include the sale of aircraft to Rockton Aviation, Silver Airways, AeroCentury and Alandia Air.
Read more...Date Posted December 21, 2011
Air Lease, Boeing Finalize $1.2 Billion Order
Boeing and Air Lease said they have finalized an order encompassing four 787-9 Dreamliners and four 737-800s. The order, with a list-price value of more than $1.2 billion, marks the completion of an agreement announced during the Paris Air Show.
Read more...Date Posted December 9, 2011
GECAS to Lease Two Airbus A330-300s to China Airlines
GECAS said it will lease two new Airbus A330-300 aircraft to China Airlines to further expand its fleet.
Read more...Date Posted November 29, 2011
Aviation Capital Commits to 35 737 MAX Aircraft
Boeing and Aviation Capital Group announced the leasing company’s commitment for 35 737 MAX aircraft and its firm order for 20 Next-Generation 737-800s. ACG is the first aircraft leasing company to announce a commitment to the 737 MAX.
Read more...Date Posted November 21, 2011
Willis Lease Closes Credit $345MM Facility
Commercial jet engine lessor Willis Lease Finance said it has closed a new revolving credit facility for $345 million provided by a syndicate of banks.
Read more...Date Posted November 21, 2011
Air Lease Announces Aircraft Acquisitions, Lease Placements
Air Lease said it has signed lease agreements for 13 additional aircraft, as it continues to grow its fleet, diversify its customer base and expand the geographic exposure of its fleet.
Read more...Date Posted November 21, 2011
GECAS Delivers New Airbus A320 to Start-up Japanese Airline
GECAS said it delivered a new Airbus A320 aircraft to a new low-cost carrier in Japan, Peach Aviation.
Read more...Date Posted November 17, 2011
Air Lease Announces Pricing of $200MM of Notes
Air Lease announced the pricing of its offering of $200 million aggregate principal amount of 3.875% convertible senior notes due 2018. It intends to use the proceeds to fund the acquisition of commercial aircraft and for general corporate purposes.
Read more...Date Posted November 16, 2011
Boeing Projects $450 Billion Market in Middle East
Boeing said that airlines in the Middle East will need an estimated 2,520 airplanes worth $450 billion by 2030. The airplane maker also announced a $18 billion order from Emirates Airline, the largest single order in Boeing’s history.
Read more...Date Posted November 15, 2011
Bloomberg: December Deadline for Final RBS Aviation Bidders
Bloomberg reported China Development Bank, Sumitomo Mitsui Financial, Wells Fargo and a consortium led by Macquarie are bidding for the aircraft leasing division of RBS as the auction moves into its final round in early December.
Read more...Date Posted November 11, 2011
SkyWorks Leasing Arranges Sale of 13 Aircraft, 12 Engines
SkyWorks Leasing said it helped to arrange a purchase agreement between Scandinavian Airlines System and Sunrise Asset Management to sell 13 MD82/83/87 aircraft and an additional 12 JT8D-219 engines from SAS.
Read more...Date Posted November 11, 2011
GECAS Delivers Two New Airbus A320s to China Southern Airlines
GECAS said it delivered two new Airbus A320 aircraft to China Southern Airlines. The aircraft come from GECAS’ existing order book with Airbus and will assist with the airline’s growth.
Read more...Date Posted November 11, 2011
ILFC in Sale-Leaseback Deal With American Airlines
ILFC said it has completed an agreement with American Airlines to purchase and leaseback 15 Boeing 737-800 Next Generation aircraft.
Read more...Date Posted November 10, 2011
CIT Agrees to Acquire 30 New Embraer E190s Worth $1.4B
In a regulatory filing, CIT Aerospace said it entered into an agreement with Embraer to acquire 30 new E190 family aircraft worth about $1.4 billion based on manufacturer’s list prices.
Read more...Date Posted November 7, 2011
AerCap Signs $400MM Credit Facility for Twelve Boeing 737-800s
AerCap said it has signed a new $400 million credit facility with a ten-year term to provide long-term financing for 12 Boeing 737-800 aircraft.
Read more...Date Posted October 25, 2011
Aircastle, Southern Air Announce 747-400SF Freighter Leases
Aircastle and Southern Air Holdings said they have entered into long-term leases under which Southern Air will utilize two 747-400SF aircraft owned by Aircastle. The aircraft are expected to enter commercial service during the first quarter of 2012, advancing Southern Air’s fleet renewal and business expansion program.
Read more...Date Posted October 21, 2011
FLY Leasing Closes Acquisition of 49 Aircraft
Commercial jet lessor FLY Leasing said it completed the acquisition of a $1.4 billion portfolio of 49 aircraft from and Australian investor group bringing the company’s fleet to a total of 109 aircraft on lease to 53 airlines in 29 countries.
Read more...Date Posted October 18, 2011
ILFC Concludes Acquisition Of AeroTurbine
International Lease Finance Corporation said it completed its previously announced acquisition of AeroTurbine from AerCap. AeroTurbine will operate as a wholly owned subsidiary of ILFC.
Read more...Date Posted October 10, 2011
GECAS Orders Six Embraer E190s
GECAS said it has reached an agreement with Embraer for the acquisition of six Embraer 190s and options for another six aircraft. Delivery of the first aircraft is scheduled for the Q4/12.
Read more...Date Posted October 7, 2011
WSJ: RBS Set to Pick Second-Round Bidders For Aviation Unit
The Wall Street Journal reports that Royal Bank of Scotland is set to select second-round bidders for its aircraft-leasing business, citing people familiar with the situation. Likely bidders include a consortium led by Macquarie and Terra Firma, Air Lease, Bank of China and GE, the article said.
Read more...Date Posted September 30, 2011
Milestone Aviation, CHC Helicopter Agree to $80MM Financing
CHC Helicopter and Milestone Aviation announced the companies have agreed to terms of a sale-leaseback of five helicopters. The total value of the deal is in excess of $80 million.
Read more...Date Posted September 29, 2011
Engine Lease Finance to Acquire Macquarie’s Air Engine Assets
Engine Lease Finance said it entered into an agreement with Macquarie to acquire 47 aircraft engine assets. Upon completion of the transaction, ELFC’s owned and managed portfolio will include close to 300 modern aircraft engines.
Read more...Date Posted September 28, 2011
Bloomberg: CIT, Jackson Square Said to Bid for RBS Air Unit
Bloomberg reports that Royal Bank of Scotland received bids for its aircraft-leasing unit from CIT Group and Jackson Square Aviation, citing people familiar with the sales process.
Read more...Date Posted September 22, 2011
Airbus: World’s Aircraft Fleet to Double Next 20 Years
Airbus said it expects the world’s fleet of passenger aircraft to more than double by 2030. The plane maker notes that the combined value of some 27,800 new aircraft to satisfy demand is forecasted to be $3.5 trillion.
Read more...Date Posted September 19, 2011
RBS Said to Receive at Least Five Bids for Plane-Leasing Unit
Bloomberg reported that the Royal Bank of Scotland has received more than five offers for its aircraft leasing division. Terra Firma Capital’s AWAS unit and Macquarie Group were said to be among the bidders.
Read more...Date Posted September 15, 2011
Macquarie Considers Bid to Acquire RBS’ Aircraft Leasing Business
The Australian Financial Review reported that Macquarie Group is considering a bid for the aircraft leasing business being offered for sale by the Royal Bank of Scotland. The offer could be worth as much as $6 billion, the paper said.
Read more...Date Posted September 6, 2011
International Lease Finance Files for IPO
ILFC Holdings, the jet-leasing subsidiary of AIG, said it filed a registration statement with the SEC for a proposed initial public offering, which will consist of shares of ILFC Holdings’ common stock to be sold by AIG Capital.
Read more...Date Posted September 2, 2011
Scandinavian Airlines Completes Delivery of Eight MD90 Aircraft
Regarding a transaction that it arranged, SkyWorks Leasing said nearly a year after signing leases for eight MD-90-30 aircraft with an undisclosed operator, Scandinavian Airlines System has completed the delivery of the last aircraft.
Read more...Date Posted August 26, 2011
GECAS Delivers Two New Boeing 737-800s to Skymark Airlines
GE Capital Aviation Services said it delivered two new Boeing 737-800 aircraft leased to Japanese low-cost carrier Skymark Airlines. The aircraft come from GECAS’ existing order book with Boeing.
Read more...Date Posted August 25, 2011
CIT Signs Firm Order for 50 A320neo Aircraft
Airbus said that CIT Aerospace has signed a purchase agreement for the 50 A320neo family aircraft that it had committed to at the 49th Le Bourget airshow on in June.
Read more...Date Posted August 12, 2011
SinglePoint Launches Aging Aircraft Finance Program
SinglePoint Aircraft Finance recently completed a refinancing transaction on a 1977 Cessna ISP to commemorate the launch of its Aging Aircraft Finance program.
Read more...Date Posted August 8, 2011
FLY Leasing to Acquire 49 Aircraft
FLY Leasing said it has entered into an agreement to purchase of $1.4 billion portfolio of 49 aircraft. The aircraft, which are on lease to 23 airlines in 15 countries, were previously managed by Global Aviation Asset Management.
Read more...Date Posted August 5, 2011
GECAS, Boeing Finalize $2.9B Order
GECAS and Boeing have finalized a firm order for two 747-8 Freighters and eight 777-300ERs (extended range) airplanes. The order has a list-price value of $2.9 billion.
Read more...Date Posted August 4, 2011
ILFC to Acquire AerCap’s AeroTurbine Subsidiary
AerCap Holdings said it has entered into an agreement with International Lease Finance Corporation for the sale of its wholly owned subsidiary AeroTurbine. The purchase price for all outstanding shares of AeroTurbine is $228 million.
Read more...Date Posted August 3, 2011
Air Lease Delivers its First Embraer 190 to TRIP Linhas Aereas
Air Lease Corporation said it delivered its first of six new Embraer aircraft leased to TRIP Linhas Aéreas from the direct order placed Farnborough in 2010.
Read more...Date Posted August 2, 2011
DVB Bank Finances Five Aircraft for Guggenheim Aviation
DVB Bank said it closed two separate finance facilities with Guggenheim Aviation for two aircraft on lease to Jet Airways and three to American Airlines.
Read more...Date Posted July 25, 2011
GECAS Accepts Delivery of 400th Boeing Airplane
GECAS said it reached a major milestone with Boeing by accepting delivery of its 400th airplane from the company, a Next-Generation 737-800. GECAS leasing customer Xiamen Airlines will operate the airplane.
Read more...Date Posted July 21, 2011
AerCap to Finance up to 35 Boeing Aircraft for American Airlines
AerCap said it has entered into a purchase-leaseback arrangement with American Airlines to finance up to 35 Boeing 737-800 Next Generation aircraft, including 29 firm deliveries, scheduled to be delivered to American.
Read more...Date Posted July 18, 2011
GECAS Delivers New Airbus A320 to Orbest Airlines
GECAS said it delivered a new Airbus A320 to the Spanish charter airline Orbest Airlines, formerly known as Iberworld Airlines. The aircraft comes from GECAS’ existing order book with Airbus.
Read more...Date Posted July 18, 2011
GECAS Delivers Two Additional Boeing 737-800s to Pegasus
GE Capital Aviation Services announced delivery of two new Boeing 737-800 aircraft leased to Pegasus Airlines under a purchase-and-leaseback transaction.
Read more...Date Posted July 15, 2011
AerCap Signs Lease Agreements for 16 Aircraft in Q2
AerCap said it signed 16 new lease agreements and delivered seven aircraft and 11 engines under lease agreements during Q2/11.
Read more...Date Posted July 15, 2011
Thomas Cook Leases Six New Airbus A321-200s From Air Lease
Thomas Cook Airlines has signed long-term lease agreements with Air Lease for six new Airbus A321-200s. These aircraft are from ALC’s order book from Airbus.
Read more...Date Posted July 13, 2011
Chinese Leasing Company to Acquire 50 Gulfstream Biz Jets
According to the Savannah Morning News, China’s Minsheng Financial Leasing will acquire 50 high-end business jets from Gulfstream Aerospace in a deal reportedly worth $2.5 billion.
Read more...Date Posted July 11, 2011
Airbus Net Orders Through June Top Boeing by Wide Margin
The Seattle Times notes in a recent story that Airbus has 640 net orders booked so far this year, while Boeing is lagging badly at 171. The order counts did not include commitments announced at the Paris Air Show.
Read more...Date Posted July 8, 2011
AerCap Replaces GECAS as Servicer of Genesis Aircraft Portfolio
AerCap said it acquired the right to provide lease and aircraft related services to the portfolio of aircraft it acquired following its amalgamation with Genesis Lease in 2010, replacing GECAS as servicer to the aircraft portfolio.
Read more...Date Posted July 1, 2011
Airbus Records $72 Billion in Orders at Paris Air Show
According to Expatica, Airbus celebrated a $72 billion haul of orders in a home turf victory over U.S. rival Boeing at the Paris Air Show.
Read more...Date Posted June 23, 2011
CIT Announces $5.3 Billion Airbus Order
CIT announced from the 49th International Paris Air Show that its CIT Aerospace unit has signed a memorandum of understanding with Airbus for 50 A320neo family aircraft. The deal is valued at up to $5.3 billion based on list prices.
Read more...Date Posted June 21, 2011
GECAS Agrees To Acquire Boeing 747-8s, 777-ERs
Boeing announced at the Paris Air Show that GE Capital Aviation Services will purchase two 747-8 freighter and eight 777-300 ERs. The 747-8 freighter is a new model for the GECAS portfolio of aircraft.
Read more...Date Posted June 21, 2011
Air Lease To Purchase Up To 33 Aircraft from Boeing
Boeing said that Air Lease Corporation will purchase up to 33 airplanes, including 14 firm orders and four options for Next-Generation 737-800s, as well as five 777-300Ers and four 787-9 Dreamliners.
Read more...Date Posted June 20, 2011
GECAS Signs Orders for 60 Airbus 320neo, 15 ATR 72-600s
GE Capital Aviation Services said it signed a firm order for 60 Airbus 320neo
Family aircraft. In a separate announcement, GECAS and European turboprop manufacturer ATR, said they signed an order for 15 ATR 72-600s, plus 15 options.
Date Posted June 20, 2011
ILFC Announces 114 Aircraft Leases
International Lease Finance Corporation announced that it has entered into 114 lease commitments so far in 2011 and has secured term loan facility for $1.5 billion with sixteen banks worldwide.
Read more...Date Posted June 17, 2011
Tetra Financial Provides $3MM Financing for U.S. Airline
Tetra Financial Group announced it is providing $3,000,000 in financing for a major U.S. airline company to be used for a cabin trainer project and reimbursement of costs incurred on airport terminal improvements.
Read more...Date Posted June 15, 2011
Air Lease Announces Aircraft Acquisitions, Fleet Placements
Air Lease announced it has signed lease agreements for 25 additional aircraft with airlines around the world.
Read more...Date Posted June 14, 2011
GECAS Delivers Two New Airbus A320s to Aeroflot
GE Capital Aviation Services announced delivery of two new Airbus A320s to Aeroflot Russian Airlines. The aircraft come from GECAS’ existing order book with Airbus.
Read more...Date Posted June 6, 2011
Willis Lease, Mitsui Form Joint Venture for Jet Engine Leasing
Willis Lease Finance said it has entered into a joint venture agreement with Mitsui to acquire and lease IAE V2500-A5 and General Electric CF34-10E jet engines. The JV initially plans to acquire approximately $150 million in assets.
Read more...Date Posted June 2, 2011
Air Lease Announces Global Lease Placements
Air Lease announced it has signed lease agreements for 20 additional aircraft, expanding the global footprint of its fleet.
Read more...Date Posted June 2, 2011
BAE Systems To Sell Aircraft Fleet, Asset Management Business
BAE Systems announced an agreement to sell its commercial aircraft lease portfolio and asset management business to investment affiliates of Fortress Investment Group for a cash consideration of $187 million.
Read more...Date Posted May 31, 2011
GECAS to Lease Seven Boeing Jets to Nok Air
According to an article in the Bangkok Post, GECAS will lease seven Boeing B737-800 jets to Nok Air.
Read more...Date Posted May 31, 2011
GECAS to Deliver 20 Aircraft to China, Increases Investment to $7B
GE Capital Aviation Services said it is delivering a total of 20 new leased aircraft to airline customers in China during 2011, increasing its investment in China to US$7 billion.
Read more...Date Posted May 11, 2011
Saab Aircraft Leasing Sells Five Aircraft to Regional Express
Saab Aircraft Leasing said it has sold five Saab 340B aircraft to Regional Express, the largest independent regional airline in Australia.
Read more...Date Posted May 11, 2011
Air Lease Signs Agreements for 29 Aircraft
Air Lease said it has signed lease agreements for 29 aircraft with Asia-region airlines including its largest singe lease placement to date with China Eastern Airlines.
Read more...Date Posted May 3, 2011
ILFC Finalizes Order for 100 Airbus A320 NEO Aircraft
International Lease Finance Corporation announced it has finalized an order for the purchase of 100 A320neo family aircraft from Airbus.
Read more...Date Posted April 27, 2011
Analysis: Aircraft Leasing Market Poised For Growth
A new analysis from Frost & Sullivan notes that the aircraft leasing industry is poised for growth within the next four to five years. The lack of available capital for new aircraft procurement and falling interest rates are major factors triggering growth.
Read more...Date Posted April 26, 2011
Jackson Square Delivers Fourth Boeing to Japan Airlines
Jackson Square Aviation delivered its fourth Boeing B737-846 aircraft to Japan Airlines, in connection with a long-term operating lease. DVB Bank SE provided senior debt for the aircraft.
Read more...Date Posted April 20, 2011
AerCap Signs LOI for Lease of Nine Aircraft in First Quarter
Independent aircraft leasing company AerCap said during the first quarter of 2011 it signed letters of intent for the lease of nine aircraft and delivered 11 aircraft and 13 engines under lease agreements.
Read more...Date Posted April 18, 2011
Investec Aircraft Fund Doubles to A$1 Billion
Investec Global Aircraft Fund has more than doubled the size of its portfolio to A$1 billion in the past 12 months. The fund’s portfolio grew with the purchase of 12 commercial aircraft from GECAS to be leased to top-tier airlines.
Read more...Date Posted April 14, 2011
GECAS to Lease Five Jets to Scandinavian Air, MoU for 12 More
SAS Group says it has agreed to lease five Boeing 737-800s from GECAS. It has also signed a memorandum of understanding with GECAS covering the lease of 12 737-700s.
Read more...Date Posted April 11, 2011
GECAS, Pegasus Sign Sale-Leaseback for Four Boeing 737-800s
GECAS announced the signing of a sale-leaseback agreement with Pegasus Airlines for four new Boeing 737-800 aircraft with deliveries scheduled for this month.
Read more...Date Posted April 7, 2011
Air Lease IPO Could Raise as Much as $805 Million
According to a regulatory filing, Steve Udvar-Hazy’s Air Lease, which has a fleet of 46 aircraft, could raise as much as $805 million in an upcoming public offering.
Read more...Date Posted April 5, 2011
Jackson Square Delivers 777-300ER to Air France
Jackson Square Aviation said it delivered a B777-300ER to Air France in connection with a long-term operating lease. DVB Bank, AG provided the senior debt for the aircraft.
Read more...Date Posted April 4, 2011
GECAS Finalizes $2.8 Billion Boeing Order
GECAS announced that it has finalized an order for ten Boeing 777-300ER airplanes worth approximately $2.8 billion at list prices. GECAS also announced the delivery of two new Boeing 737-86N aircraft leased to Xiamen Airlines.
Read more...Date Posted March 31, 2011
Dassault Reports Higher Profits on Increase in Biz Jet Deliveries
Falcon business sjet maker Dassault Aviation said 2010 net income rose 23% and noted that its 22% increase in revenue was helped by a record 95 Falcon deliveries in 2010, up from 77 in 2009.
Read more...Date Posted March 18, 2011
AeroCentury Swings to Q4 Loss on Lower Revenues
AeroCentury reported a net loss of $1.0 million for the fourth quarter compared to net income of $1.9 million in the same quarter in 2009. The company noted revenues in the quarter of $5.9 million, down from $8.6 million a year earlier.
Read more...Date Posted March 18, 2011
Bloomberg: Former RBS Aviation Capital Exec to Head Embraer Capital
Bloomberg reported that Embraer has hired former RBS Aviation Capital executive John Slattery to oversee sales to leasing companies and head operations at in-house leasing unit Embraer Capital.
Read more...Date Posted March 15, 2011
Willis Lease Finance Reports Q4/10 Profits
Willis Lease Finance, a lessor of commercial jet engines, reported improving utilization and strengthening demand for leased engines boosted Q4/10 net income to $4 million.
Read more...Date Posted March 14, 2011
