Industry News

aircraft-leasing industry veteran Steve Udvar-Hazy

Apr 04, 2011 LOS ANGELES - The new venture led by aircraft-leasing industry veteran Steve Udvar-Hazy on Monday announced plans to raise as much as $700 million from an initial public offering being closely-watched by the private equity and investment funds who poured cash into the sector last year. Udvar-Hazy's year-old Air ... Read more

Boeing 777

Mar 31, 2011 SEATTLE -- GE Capital Aviation Services (GECAS) and Boeing finalized an order for 10 777-300ER (extended range) airplanes. The order is worth approximately $2.8 billion at list prices. The new 777-300ERs will help GECAS meet growing airline demand for long-haul passenger airplanes. "This order adds to our existing portfolio of 777 aircraft," said Norman C.... Read more

Bombardier Cseries

Mar 06, 2011 Bombardier Inc. has signed a second aircraft financing deal with a Chinese leasing company, spurring speculation a Chinese airline may be about to order Bombardier regional or business jets or make a commitment to the new CSeries commercial airliner. Bombardier Aerospace on Thursday signed a memorandum of ... Read more

RIO 727-200 Freighter

Feb 19, 2011 WILMINGTON, OH - Air Transport Services Group, Inc. said Cargo Aircraft Management, Inc., its aircraft leasing subsidiary, has executed a long-term dry lease of a Boeing 767-200 freighter to RIO Linhas Aéreas, S.A., of Brazil. It is the ... Read more

South African Airlink BAe 146-200

Feb 06, 2011 PRESTWICK, Scotland - BAE Systems reports new aircraft transactions from its regional aircraft portfolio and a strong performance across all of its regional aircraft business sectors during 2010. Commenting on this business performance, Managing Director of BAE Systems Regional Aircraft Alan Fraser, said: “... Read more

Henry Courpron - ILFC's CEO

Jan 31, 2011 LOS ANGELES - International Lease Finance Corp. (ILFC) revealed plans for expansion this year, announcing it would open a new regional office in Amsterdam by this summer and its intentions to purchase new aircraft. The company, better known as ILFC, owns a fleet of about ... Read more

12 additional A330-300 ordered by GECAS

Jan 25, 2011 TOULOUSE - GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric, has signed a firm order for 12 additional long-range A330-300 aircraft. This new order brings the total number of A330s ordered by GECAS to 32. “This order adds ... Read more

Forbes/CIT Report Cover

Jan 24, 2011 NEW YORK – Airline executives continue to express concern about rising fuel costs, yet despite these concerns, many continue to take a wait-and-see approach towards new aircraft technology. These are just a few of the key findings from an exclusive global aerospace study released today by CIT ... Read more

737-800 in Avolon Colors

Jan 19, 2011 DUBLIN - Irish aircraft leasing group Avolon has raised $650 million (€486 million) in debt and equity to fund its expansion. This involves $250 million in equity from new and existing investors and the balance in debt raised from three specialist aviation banks: DVB, Nord LB ... Read more

Air Lease Corp. CEO Steven Udvar Hazy

Jan 18, 2011 LOS ANGELES - Air Lease Corporation, Steven Udvar-Hazy’s new aircraft leasing venture, hopes to capitalize on air travel growth in emerging markets with proceeds from a just-announced initial public offering that could raise up to $100 million.   The Century City company, which ... Read more

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