Avolon, the international aircraft leasing company, celebrated the delivery of the world’s first Airbus A330neo to TAP Airlines. The delivery took place during a ceremony at Airbus’ facility in Toulouse where Avolon, Airbus, TAP and Rolls-Royce, the aircraft engine manufacturer, were present.
This A330neo is Avolon’s second aircraft on lease to TAP.
John Higgins, Avolon president and CCO, said: “Avolon was one of the launch customers of the A330neo in 2014 and we are proud to deliver the world’s first A330neo to TAP Airlines. The A330neo is a new technology twin-aisle aircraft that will generate savings through reduced fuel burn; unit cost improvements; and offer TAP Airlines greater opportunities to carry more passengers further. We have a strong partnership with TAP and we look forward to strengthening that relationship in the period ahead.”
“Avolon has the youngest fleet among the leading aircraft lessors and an orderbook comprised of 319 new technology aircraft. Our commitment is to offer our customers the latest, most fuel-efficient and technically advanced aircraft available on the market.”
In November, TIAA Bank enhanced its position in the healthcare space with the acquisition of a $1.5 billion portfolio of healthcare equipment leases and loans from GE Capital’s Healthcare Equipment Finance business. “The portfolio sale was very important, and that... read more
Most loan documents contain a default interest provision, which states that the interest rate of the loan will increase in the event of a default. Default interest is enforceable, at least in the absence of an unconscionable rate. (1) California Civil... read more