Industry News

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

Asiana Airlines A330-300

Jun 14, 2011 LOS ANGELES – Air Lease Corporation (ALC) announced on Monday that it has signed lease agreements for 25 additional aircraft. “ALC is focused on providing innovative fleet solutions for airlines around the world. We are proud to offer a young fleet of aircraft that maximizes operating ... Read more

Alitalia signed leases for 5 E175 & 5 E190

Jun 02, 2011 LOS ANGELES – Air Lease Corporation (ALC) announced Wednesday that it has signed lease agreements for 20 additional aircraft. “The placements of these aircraft allow us to expand the global footprint of our fleet. We continue to strengthen longstanding relationships with our airline partners along with ... Read more

JV to lease IAE V2500-A5 and GE CF34-10E

Jun 02, 2011 NOVATO, Calif. and DUBLIN, Ireland - Willis Lease Finance Corporation, announced today it has entered into a joint venture agreement with Mitsui & Co., Ltd. ("Mitsui", head office: Tokyo) to acquire and lease IAE V2500-A5 and General Electric CF34-10E jet engines.... Read more

Kenya Airways E190

Jun 01, 2011 Fort Lauderdale – Jetscape today announced the acquisition of a new Embraer E190-100IGW aircraft and delivery on lease to Kenya Airways, Nairobi, Kenya. This is the second new E190 leased by Jetscape to Kenya Airways. The first E190 was delivered December 2010.  Both aircraft ... Read more

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

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