Industry News

BAE Asset Management sold to Fortress

May 27, 2011 NEW YORK - BAE Systems has sold its asset management business and commercial aircraft lease portfolio to New York management firm Fortress Investment Group for $187 million. The sale is expected to close in the third quarter of 2011, subject to regulatory approval. BAE Systems will transition ... Read more

KLM signed lease for new A330-300 from ALC

May 11, 2011 LOS ANGELES - Air Lease Corporation (ALC) announced on Monday that it has signed lease agreements for 10 additional twin-aisle aircraft. “These twin-aisle lease placements fit ALC’s growth plan which includes broadening our global customer base and fleet with a prudent, measured quantity of new or ... Read more

Ron Wainshal, Aircastle's CEO

May 05, 2011 STAMFORD, Conn.- Aircastle Limited ("Aircastle") reported first quarter 2011 net income of $42.7 million, or $0.54 per diluted common share, and adjusted net income of $32.9 million, or $0.41 per diluted common share. Commenting on the results, Ron Wainshal,... Read more

A320neo in ILFC colors

Apr 28, 2011 TOULOUSE - ILFC has signed a firm contract for the purchase of 100 A320neo Family aircraft. This follows the signing of a memorandum of understanding for the deal which was announced on March 8th 2011. ILFC confirms its selection of Pratt & Whitney engines for powering at least ... Read more

AerCap - 1st Qtr 2011 transactions

Apr 19, 2011 AMSTERDAM - AerCap Holdings N.V. announced the completion of the following transactions during the first quarter 2011: Signed letters of intent for nine aircraft, delivered eleven aircraft and 13 engines under lease agreements, purchased seven aircraft and seven engines, sold four aircraft and four ... Read more

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

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