Industry News

Peter Huijbers, Principle at AAC

Jul 15, 2010 LONDON - Armada and WhiteSands Aviation announced the continued expansion of their joint consultancy business, Armada Aviation Capital (“AAC”). AAC currently provides consultancy and advisory services to aircraft investors, airlines and banks in the Middle-East & North Africa (“MENA”) region. From 18 ... Read more

Factory-new Indigo A320

Jul 14, 2010 SYDNEY -  Hong Kong Aviation Capital ("HKAC"), a leading investor in the global aviation sector, announced new leases of three (3) new Airbus 320 aircraft to IndiGo Airlines of India.  The leases will start on delivery of the aircraft new from Airbus to IndiGo in 2011.... Read more

Kenya Airways Embraer E190AR

Jul 14, 2010 FORT LAUDERDALE Jetscape today announced the placement of two new Embraer E-Jets on lease to Kenya Airways, Nairobi, Kenya. These two new E190AR aircraft are scheduled for delivery from Embraer and lease to Kenya Airways in December 2010 and May 2011.  These E190 aircraft ... Read more

Spring Airlines A320

Jun 28, 2010 SHANGHAI - Chinese airlines have started to look for domestic Chinese aircraft leasing firms, a break with the past when they would only lease from foreign companies. Spring Airlines, a Shanghai-based private budget airline, recently inked an agreement to lease two A320-200 airplanes from BOC Aviation,... Read more

Airbus A330-200 Freighter

Jun 11, 2010 STAMFORD, Conn. - Aircastle Limited announced today that it received approvals from the European Export Credit Agencies ("ECAs") to support up to $530 million of debt financing for seven new Airbus A330 aircraft, subject to customary terms and conditions.  More specifically, these approvals pertain ... Read more

747-400 needed for Hajj Operation

Jun 06, 2010 DHAKA, Bangladesh - The Bangladeshi state-run Biman has invited tender for a Boeing 747 aircraft on wet-lease for its hajj operation this year. With only three months in hand for the procurement, the Bangladeshi national flag carrier issued a tender notice on May 25, asking for ... Read more

Brazilian bankruptcy decisions towards a more balanced approach

Jun 06, 2010 Sao Paulo, Brazil - In 2006 and 2009 two cases produced precedents that posed a threat to the voting rights of aircraft lessors in Brazilian bankruptcy restructuring proceedings, which are termed 'judicial recuperation' proceedings. However, a recent decision by a Sao Paulo bankruptcy court and the initial ... Read more

AerCap sold six A320 to Avalon

May 26, 2010 DUBLIN - Avolon announced that it has agreed to acquire six A320 aircraft from AerCap, a Dutch aircraft leasing company. Avolon has also formed a joint venture (‘JV’) with AerCap to acquire three A330-200 aircraft. •Acquisition of six A320s Avolon is acquiring six ... Read more

Dómhnal Slattery, CEO

May 23, 2010 DUBLIN & NEW YORK & HONG KONG & SHANGHAI - Avolon, the aircraft leasing group, announced it has successfully completed its initial capital raise of US$1.4 billion including an equity commitment of US$750 million from three of the world’s leading private equity firms. ... Read more

Paul Masson, CEO of GMT Global

May 18, 2010 DUBLIN, Ireland and AURORA, CO - GMT Global Republic Aviation (GMT Global), a wholly owned subsidiary of Republic Financial Corporation, has announced the additions and promotions of corporate personnel as it prepares for improved commercial aviation market conditions.   "Our carrier customers are reporting improved traffic results in the past two calendar quarters and we are seeing overall macroeconomic conditions recover," said Paul Mason,... Read more

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