International

Travel Service Named First European Citation Longitude Customer

During EBACE, Textron Aviation announced that Czech Republic-based airline Travel Service will be the first European customer for the Cessna Citation Longitude. read more

Hainan Airlines to Spend $4.2B on 19 Boeing Jets

The Financial Times reported that Hainan Airlines will purchase 19 Boeing jets for an estimated $4.2 billion. read more

Global Jet Capital Reveals Research on European Jet Deliveries

Research from Global Jet Capital reveals that around 452 mid to heavy private jets were delivered to Europe between 2012 and 2016, with a combined value estimated at around $22.6 billion. read more

GECAS, Milestone Aviation Open New Office in Sydney

Milestone Aviation Group and GE Capital Aviation Services opened a new office in Sydney, Australia, effective May 1, 2017. read more

European Railcar Leasing Market to Grow More Than 4% Through 2021

Technavio analysts forecast the railcar leasing market in Europe to reach $3.93 billion through 2021, according to its latest report. read more

Aldermore Appoints Former GE Capital Sales Specialist BDM

Aldermore, a specialist bank, appointed James Pigrem as business development manager within the manufacturer and dealer services team in its asset finance division. read more

China Eastern to Become First Carrier to Take Delivery of C919

According to China Daily, China Eastern Airlines is expected to become the first carrier to take delivery of China’s first C919 passenger jet. read more

China’s COMAC C919 Nears Maiden Flight, Global Competition

Reuters reported that the Chinese-made COMAC C919 jet will make its maiden flight in the next few weeks as Beijing takes aim at competing in the global jet sales industry. read more

Terra Firma Sells Aircraft Leasing Company to Dubai Aerospace Enterprise

The Telegraph reported that Terra Firma, a hedge fund owned by Guy Hands, sold aircraft lessor Awas to Dubai Aerosapce Enterprise. read more

Leaseurope Submits Recommendations to IASB on New Accounting Standards

Leaseurope submitted a paper on possible effects of the new international accounting standard for leasing, IFRS 16, on the European public good to the European Commission. read more

Concentric Wins Contract with Global OEM of Material Handling Equipment

Concentric AB was awarded a contract from a global OEM of material tele-handlers, boom and vertical lifts to produce hydraulic power units (HPUs) for its next generation of material handling equipment. read more

TrueNoord Closes Financing Facility for Four Leased Embraer E190 Aircraft

TrueNoord closed the first tranche of a term financing facility with DVB Bank and PK AirFinance, a GECAS company, for four of the six Embraer E190 aircraft that it purchased from BOC Aviation in January. read more

NetSol Becomes a Member of the Indonesia Financial Services Association

NetSol Technologies became a member of Asosiasi Perusahaan Pembiayaan Indonesia (APPI). APPI is Indonesia’s financial services association and the country’s foremost body in the finance and leasing industry. read more

HK Government Seeking to Capitalize on Aircraft Leasing Opportunities

According to a Lexology blog post, the Hong Kong Government is proposing to amend its tax laws in a move designed to capitalize on significant aircraft leasing opportunities. read more

Milestone Aviation Supports Medical Services in Norway

Helicopter leasing company Milestone Aviation Group will provided two AW139 helicopters to Norsk Luftambulanse AS to support emergency medical services in Norway. read more

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Terry Mulreany
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