Industry News

Investec Plans To Double Fund's Aircraft Portfolio

Sep 15, 2010 SYDNEY - Hoping to exploit the burgeoning demand for alternative assets, Investec Global Aircraft Fund launched an open-ended capital raising this week and appointed a former senior Qantas executive to its investment committee. Investec Australia, a subsidiary of London and Johannesburg-listed bank Investec Group, said it ... Read more

First U.S. Customer For Sukhoi Superjet 100

Sep 03, 2010 NOVATO, Calif.,- Willis Lease Finance Corporation, a leading lessor of commercial jet engines, announced it has signed an agreement with SuperJet International to purchase six Sukhoi Superjet (SSJ) 100 aircraft and options for four additional aircraft. The memorandum of understanding has a value of up ... Read more

Richard Cherney

Aug 26, 2010 HONG KONG - Hong Kong Aviation Capital (HKAC), an investor in global aviation finance has announced the appointed Richard Cherney as head of commercial and technical. Richard Cherney has already started with the company and is based at its  Hong Kong office. Cherney is a member ... Read more

ILFC Paying Back U.S. Loan Early

Aug 23, 2010 LOS ANGELES - International Lease Finance Corp. (ILFC), the airplane-leasing arm of American International Group Inc.(AIG), repaid a $3.9 billion government loan ahead of schedule and now expects to fund itself without support from its bailed-out parent company. ILFC on Friday completed a $4.... Read more

Proposed Accounting Changes Affecting Leases

Aug 20, 2010 A new leasing exposure draft released this week jointly by the International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) will affect construction companies and airlines in particular,  accounting firm KPMG said. The proposals are a response to criticism of off balance sheet ... Read more

Mexicana Returning Aircraft to Lessors

Aug 19, 2010 MEXICO CITY - Mexicana will return almost 40% of its mainline fleet to lessors under agreements brokered since its early August bankruptcy. In this latest chapter of Mexicana’s ongoing saga, it will return 12 aircraft to GE Capital Aviation Services, including all 10 of the Airbus ... Read more

Mexicana A320

Aug 17, 2010 NEW YORK - Compania Mexicana de Aviacion, Mexico’s biggest airline by passengers, agreed on Monday to return at least eight leased airplanes and a U.S. judge put off ruling on a bid to shield the company from creditors. Mexicana agreed to return three planes ... Read more

AFR and ALC sign Sale and Leaseback deal

Aug 04, 2010 LOS ANGELES - Air Lease Corporation (ALC), a company led by Steven F. Udvar-Hazy, Chairman/CEO, and Air France (AFR) have signed sale and lease-back agreements for one used A319-115, two new Airbus A320-200's, one used Airbus A321-200, one used A330-200 and one new Boeing ... Read more

Steve Udvar-Hazy, CEO Air Lease Corporation

Jul 16, 2010 LOS ANGELES - Air Lease Corporation (ALC), a new aircraft leasing company being launched by industry pioneer Steven Udvar-Hazy and longtime aviation executive John L. Plueger, has secured initial financing of $3.3 billion, and aircraft acquisitions are already underway.  Making the announcement were Mr.... Read more

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

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