Industry News

747-8F & 777-300ER in GECAS livery

Aug 07, 2011 SEATTLE - Boeing and GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric, have finalized a firm order for two 747-8 Freighters and eight 777-300ERs (extended range) airplanes. The order marks the completion of an agreement originally announced during the Paris ... Read more

Two of Virgin's A340-600s are part of the deal

Aug 04, 2011 DUBLIN – FLY Leasing Limited (“FLY”), a global lessor, announced this week that it had entered into an agreement to purchase a $1.4 billion portfolio of 49 aircraft, increasing FLY’s total aircraft under operating lease to more than $3 billion. The aircraft ... Read more

ILFC buys AeroTurbine from AerCap

Aug 04, 2011 Los Angeles – International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (AIG), announce Wednesday that it has signed an agreement with AerCap Holdings N.V. to acquire its AeroTurbine subsidiary. The acquisition of Miami-based AeroTurbine will provide ... Read more

Jet Airways A330-200

Jul 25, 2011 FRANKFURT - DVB Bank announced today the successful closing of two separate finance facilities with Guggenheim Aviation Partners, LLC (Guggenheim) for two A330-200 aircraft on lease to Jet Airways (India) Ltd and three B777-200ER aircraft on lease to American Airlines, Inc. The finance facility for the two ... Read more

ILFC CEO Henri Courpron

Jul 19, 2011 NEW YORK - The Wall Street Journal is reporting that American International Group Inc. (AIG) is looking to sell part of its giant airplane-leasing business through an initial public offering, a potentially large deal that has Wall Street banks pitching for lead roles, according to people familiar with ... Read more

AerCap - 2nd Qtr 2011 transactions

Jul 14, 2011 AMSTERDAM - Lessor AerCap Holdings N.V., Thursday provided a transaction update for the second quarter. The Netherlands-headquartered aircraft and engine leasing company said it signed new lease agreements for 16 aircraft in the quarter. During the quarter, AerCap said it delivered seven aircraft and ... Read more

DAE Capital canceled orders for 15 B737 jets

Jul 14, 2011 SEATTLE - Boeing said Thursday that jet leasing company DAE Capital of Dubai has cancelled orders for 15 single-aisle 737 jets. At list prices, the cancellation wipes $1.2 billion off the order book. But according to market data from aircraft valuation firm Avitas, the true ... Read more

Thomas Cook A321

Jul 13, 2011 LOS ANGELES - Thomas Cook Airlines Limited, based in the U.K., has signed long term lease agreements with Air Lease Corporation (ALC) for six new Airbus A321-200s. These aircraft are from ALC's order book from Airbus. "We are delighted to include Thomas Cook as a key member of our growing customer base. Our management team has a long-standing relationship with the group and we are happy to support the renewal of their single-aisle fleet including A321-200s with sharklets. This decision will benefit Thomas Cook for years to come," said Marc Baer, Executive Vice President ... Read more

DAE Capital CEO stepped down last week

Jul 08, 2011 PARIS/DUBAI - Troubled Dubai leasing firm DAE Capital has cancelled all its remaining Airbus orders worth $5.8 billion, it emerged on Thursday, as the after-shocks of the financial crisis dampened celebrations of record new jet sales. The clearout by DAE Capital failed to spook investors in ... Read more

Airbus A320 "Classic"

Jun 28, 2011 China Aviation Supplies Holding Company (CAS) and ICBC Financial Leasing Co., Ltd.  (ICBC Leasing) have signed agreements with Airbus for a total of 88 A320 Family aircraft. CAS’s General Terms Agreement (GTA) with Airbus for 88 A320 Family aircraft was signed today ... Read more

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