Dublin-based lessor CDB Aviation has completed the delivery of its 11th A321neo leased to low-cost carrier Wizz Air. CDB Aviation, the dedicated aircraft leasing platform of China Development Bank, completed the lease of the Airbus A321-271NX to Wizz Air today increasing its presence in the European market. The lessor has [read more]
Airbus has won an order for 80 Airbus A320neo family aircraft from Singapore based BOC Aviation. The order is made up of 10 Airbus A321XLR, 50 A321neo and 20 A320neo making it the single biggest order placed by the leasing specialist. Robert Martin, Managing Director and Chief Executive Officer, BOC [read more]
Sources familiar with the situation have said that Aeroflot, Russia’s largest airline and flag carrier is “unlikely” to hand back airliners it has leased from Western companies such as AerCap and SMBC Aviation. Sanctions imposed on the county by the EU mean that lessors have until the 28th March to [read more]
Dublin based leasing specialist AerCap has said it will be terminating hundreds of aircraft leases it has with Russian airlines after the EU announced sanctions against Russia. AerCap is the world’s largest lessor of airliners and a large proportion of the 980 strong Russian passenger fleet, approx 800, are leased. [read more]
Aviation Capital Group (ACG) has placed an order for 20 Airbus A220 airliners to boost its global aircraft leasing fleet. The order comes off the back of firm orders for 40 A320neo aircraft and 5 A321XLRs that were also recently announced affirming the lessor’s partnership with AIrbus. “We are delighted [read more]
Irish aviation specialists Atlantic Aviation Group has acquired the former Flybe Aviation Maintenance Services facility at Brize Norton in Oxfordshire. The site will be used for AAGs contract for Maintenance Repair & Overhaul (MRO) services to the Royal Air Forces fleet of Airbus A400M aircraft which are based at Brize [read more]
Dublin based Aircraft Leasing specialist ABRIC has reached a conditional agreement with Pakistan International Airlines (PIA) which allows the airline to return one of its leased ATR aircraft. The agreement will see PIA return an ATR72-500 to ABRIC with the contract being terminated provided PIA meets certain undisclosed conditions. The [read more]
Virgin Atlantic has begun a sale & leaseback program for two of its Boeing 787-9 Dreamliners in order to free up around £70m in cash. The deal will see Griffin Global Asset Management, together with Bain Capital, purchase the two aircraft under an agreement that will see the aircraft lease [read more]
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