Tag: lease (Page 3 of 8)

Virgin Australia Group Outlines Growth Plans to Support Tourism Recovery

April 19, 2021 / WIL BALDWIN

BRISBANE, 15 April 2021: Virgin Australia Group has announced fast-tracked plans to acquire new aircraft, create more frontline jobs and grow its network to further support domestic tourism.

The recovery efforts include the reintroduction of 10 additional Boeing 737-800 aircraft and the planned return of more than 80 per cent of the airline’s pre-pandemic domestic capacity by mid-June. Network operational changes will also allow the airline to redeploy Boeing 737 aircraft to other parts of its network over the coming months.

After a year of rolling state-based restrictions, pent-up travel demand is supporting the launch of several new and expanded services and frequencies on key leisure and business routes. Virgin Australia Group is committed to maintaining a market share consistent with its pre-COVID position.

Commitment to Jobs

The creation of more roles at the Company will see more than 220 cabin crew return to the skies from the airline’s discontinued long-haul international, ATR regional and Tigerair Australia operations. The new recruits will join one of 15 cabin crew training schools over the next two months.

In addition, a major recruitment drive to fill more than 150 new cabin crew roles, including an expression of interest for future positions has also begun today, with applications from other Virgin Australia employee groups being assessed as a matter of priority. External expressions of interest can be made via the airline’s careers website.

Fleet and Network

The Company has finalised arrangements to re-introduce 10 Boeing 737-800 aircraft which had previously been operated by Virgin Australia, with further aircraft under investigation. The first three aircraft will join the airline’s mainline fleet this month while the remainder are set to progressively enter service by October.

The Company is finalising wet lease arrangements with Alliance Airlines to operate Fokker 100 services on behalf of Virgin Australia between Brisbane-Alice Springs and Brisbane-Mt Isa from 19 April 2021. The move will allow Virgin Australia to explore more efficient ways of managing capacity and frequencies to support choice and convenience for regional customers.

Using an Airbus A320 aircraft, Virgin Australia Regional Airlines (VARA) will also move to operate select services on mainline routes between Perth-Darwin, Perth-Broome and Perth-Adelaide from next month. These arrangements will support the redeployment of the Boeing 737 aircraft to other markets.

Between now and the June school holidays, the airline will add more than 220 return flights per week to its schedule, offering new and extended seasonal services and expanded frequencies on key business and leisure routes. Trans-Tasman services to Queenstown are set to recommence ahead of school holidays on 18 September 2021.

Corsair Takes Delivery of its First A330neo

April 5, 2021 / WIL BALDWIN

Toulouse, 31 March 2021 – Corsair has taken delivery of its first A330-900, on lease from Avolon, to join the French airline’s fleet. By selecting a total of five A330neo’s, Corsair is executing its strategy to become an all-A330 operator. Thanks to the aircraft’s latest technologies, Corsair will benefit from cost-effective and eco-efficient solutions, while providing passengers with the best comfort standards in the quietest cabins in its class.

The aircraft features 352 seats in a three-class layout, providing all the comfort and amenities of Airbus’ leading ‘Airspace’ cabin, including state-of-the-art passenger in-flight entertainment (IFE) and full WiFi connectivity throughout the cabin.

The A330neo is powered by Rolls-Royce’s latest-generation Trent 7000 engines. The Corsair aircraft will also be the first A330neo to feature an increased maximum take-off weight of 251 tonnes. This capability will allow the airline to fly long-haul destinations up to 13,400 km (7,200nm) or benefit from ten tons more payload on board.

The A330neo is a new-generation aircraft and successor to the hugely popular A330ceo widebody family. As well as the new engine option, the aircraft benefits from a host of innovations, including aerodynamic improvements and new wings and winglets that together contribute to 25% fuel-burn and CO2 reductions.

Corsair, which already operates an Airbus fleet of five A330 Family aircraft, became a member of the Airbus Skywise ‘Open Data Platform’ in 2020, thus benefiting from several Skywise-based services, such as a real-time in-service fleet performance analysis capability (aircraft health monitoring), reliability analysis and predictive maintenance.

Mesa Air Group Plans to Lease an Additional 737-400F Cargo Aircraft

February 27, 2021 / WIL BALDWIN

PHOENIX, February, 2021 (GLOBE NEWSWIRE) — Mesa Air Group, Inc. (NASDAQ: MESA) today announced it signed a letter of intent to lease an additional Boeing 737-400F cargo aircraft currently planned to be available in May 2021. The company currently operates two 737-400F aircraft for DHL.

“This 737-400F will be a great addition to the cargo fleet. The investment in a third 737 aircraft demonstrates our focus on cargo operations and our commitment to DHL,” said Brad Rich, Chief Operating Officer. “This aircraft will provide Mesa pilots with additional career advancement opportunities and provide flexibility to better meet the demands of the current cargo environment.”

Air Lease Places Two Airbus A320-200 Aircraft with Qanot Sharq Airlines Uzbekistan

February 21, 2021 / WIL BALDWIN

Los Angeles, California, February, 2021 – Air Lease Corporation (NYSE: AL) announced today long-term lease placements for two used Airbus A320-200 aircraft with Qanot Sharq Airlines (Uzbekistan), scheduled to deliver this March. This will be the first two aircraft in the fleet of the Uzbek startup airline.

“ALC is pleased to announce this lease placement of two A320-200s with Qanot Sharq Airlines,” said AJ Abedin, Vice President, Marketing of Air Lease Corporation. “We have worked closely with the Qanot Sharq executive team and are thrilled to participate in the launch of the first Uzbek startup airline through the placement of their first two aircraft.”

“We are honored and excited to work with one of the largest aircraft leasing companies in the world to assist with the launch of our airline,” said Nosir Abdugafarov, owner of Qanot Sharq Airlines. “These two A320-200s are scheduled to deliver in March and will be the first two aircraft in Qanot Sharq’s fleet, ensuring the highest standard of safety and comfort for our passengers.”

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

About Qanot Sharq Airlines

Established as the first privately owned Airline in Uzbekistan, Qanot Sharq is led by a team of highly accomplished airline industry professionals with over 200 years of combined industry experience. The airline will operate from multiple regional airports in Uzbekistan, providing scheduled air service to international destinations such as Istanbul, Ankara (Turkey), Dubai (UAE), Jeddah, Medina (Saudi Arabia), Moscow, St. Petersburgh (Russian Federation) and Almaty (Kazakhstan).

SAS and CFM Sign Engine Purchase and Services Agreement

February 17, 2021 / WIL BALDWIN

SAS has selected CFM International LEAP-1A engines to power its new fleet of 35 A320neo family aircraft ordered in 2018. This agreement also includes eight spare engines. In addition, SAS has signed with CFM a Rate-Per-Flight-Hour (RPFH) support agreement to cover its new fleet of LEAP-1A engines, including spares, as well as 15 additional LEAP-1A-powered A320neo on lease.

This new agreement is part of SAS’ fleet upgrade program that aims to improve efficiency and sustainability performances. SAS has been at the forefront of introducing technologies that reduce the impact of aviation on the environment, as well as choosing efficient engines to power its fleet.

SAS was a launch customer for CFM’s advanced LEAP-1A engine that it selected in 2011 to power the first batch of 30 A320neo. SAS currently operates 44 A320neo aircraft and 1 A321neo LR powered by the fuel-efficient LEAP engine and plans to introduce two additional A321neo LR.In total SAS orders for purchased and leased aircraft placed in 2011 and 2018 will enable SAS to increase the fleet of A320neo to 80.

CFM International’s advanced LEAP-1A engine continues to set a new industry standard for fuel efficiency and asset utilization, logging more than seven million engine flight hours in commercial operations. The fleet is demonstrating a 15 percent better fuel consumption and CO2 reductions as well as a significant improvement in noise emissions compared to the best CFM56 engines.

Alaska Airlines first delivery of a 737-9 MAX departs from Seattle's Boeing Field on Jan. 24, 2021.

Alaska Airlines Takes Delivery of its First Boeing 737-9 MAX Aircraft

January 26, 2021 / WIL BALDWIN

Alaska Airlines (NYSE: ALK) has accepted delivery of its first Boeing 737-9 MAX airplane, marking a new phase of modernizing the airline’s fleet in the coming years. Alaska pilots flew the aircraft on a short flight yesterday from the Boeing Delivery Center at Boeing Field in Seattle to the company’s hangar at Sea-Tac International Airport with a small group of Alaska’s top leadership on board.

Alaska’s first 737-9 is scheduled to enter passenger service on March 1 with daily roundtrip flights between Seattle and San Diego, and Seattle and Los Angeles. The airline’s second 737-9 is expected to enter service later in March.

Teams from across various divisions at Alaska will now follow a strict readiness timeline that guides the actions that must be taken before the start of passenger flights. The process – involving rigorous rounds of test flying, verifying and specific preparations – will take five weeks:

Maintenance technicians will undergo training to become even more acquainted with the new aircraft. They will receive at least 40 hours of “differences training,” which distinguishes the variations between the new MAX and the airline’s existing 737 NG fleet. Certain technicians will receive up to 40 additional hours of specialized training focused on the plane’s engines and avionics systems.
Alaska’s pilots will put the 737-9 through its paces, flying it more than 50 flight hours and roughly 19,000 miles around the country, including to Alaska and Hawaii. These “proving flights” are conducted to confirm our safety assessments and those of the Federal Aviation Administration (FAA), and to ensure a full understanding of the plane’s capabilities in different climates and terrain.
Our pilots will receive eight hours of MAX-specific, computer-based training prior to flying the aircraft over the course of two days, which includes at least two hours of training in Alaska’s own certified, state-of-the-art MAX flight simulator. That’s where they fly several maneuvers specific to the aircraft and better understand the improvements that have been made to the plane.

Deliveries of Alaska’s 737-9 aircraft by Boeing will be flown with sustainable aviation fuel (SAF), which helps the aviation industry reduce CO2 emissions on a life-cycle basis. The SAF will be used on all MAX aircraft deliveries and will be supplied by Epic Fuels.

Alaska announced a restructured order agreement with Boeing in December 2020 to receive a total of 68 737-9 MAX aircraft in the next four years, with options for an additional 52 planes. The airline is scheduled to receive 13 planes this year; 30 in 2022; 13 in 2023; and 12 in 2024. The agreement incorporates Alaska’s announcement last November to lease 13 737-9 aircraft as part of a separate transaction.

These 68 aircraft will largely replace Alaska’s Airbus fleet and move the airline substantially toward a single, mainline fleet that’s more efficient, profitable and environmentally friendly. The 737-9 will enhance the guest experience and support the company’s growth.

Alaska Airlines receives delivery of its first Boeing 737-9 MAX aircraft on Jan. 24, 2021.

Alaska Airlines Boosts 737 MAX Orders and Options to 120 Jets

December 22, 2020 / WIL BALDWIN

Boeing [NYSE: BA] and Alaska Airlines [NYSE: ALK] announced that the carrier is buying 23 more 737-9 airplanes, building on its original order and an agreement last month to acquire new 737-9s through lease. The new deal brings Alaska Airlines’ total 737 MAX orders and options to 120 airplanes, which will give the fifth largest U.S. carrier the scale, efficiency and flexibility to expand as air travel recovers.

“We are extremely proud to be announcing this transformative agreement with Boeing,” said Brad Tilden, CEO of Alaska Air Group. “We believe in this airplane, we believe in our strong partnership with Boeing, and we believe in the future of Alaska Airlines and the incredible opportunities ahead as we climb our way out of this pandemic.”

Alaska Airlines, a longtime Boeing 737 operator, placed an order for 32 737-9 jets in 2012 as part of its fleet modernization program. The 737-9 is a member of the 737 MAX family that is designed to offer more fuel efficiency, reliability and flexibility in the single-aisle airplane market. Last month, Alaska Airlines announced it is expanding its commitment to the 737 MAX program by leasing 13 new 737-9s while selling some A320 jets it had taken on through its acquisition of Virgin America.

The new agreement announced today will add 23 firm orders for the 737-9 and more options for future purchases. In all, Alaska will have 52 options which, if fully exercised, would take the carrier to as many as 120 737 MAX airplanes. The airline said the deal moves it toward a more efficient, all-Boeing mainline fleet that will “enhance the guest experience, improve operational performance and support the company’s growth.”

“We could not ask for a better partner than Boeing and we are delighted to be standing side by side with them as we work together to get our economy back on its feet,” said Tilden.

Alaska Airlines and Boeing leaders announced the agreement during a signing ceremony at Boeing’s delivery facility in Seattle, flanked by a new 737-9 that will be among the first such jets to be operated by Alaska Airlines. In observance of COVID-19 restrictions, both companies limited attendance at the event and addressed the pandemic that has severely affected air travel, expressing confidence in the fundamental strength of the industry and long-term passenger demand.

“Alaska Airlines has done a tremendous job of weathering the impacts from the COVID-19 pandemic, and is well positioned to return to its growth trajectory and strengthen its standing as one of the top U.S. airlines. With Alaska’s industry-leading reputation for safety, sustainability and customer service, we are honored they have chosen to invest in their future with a significant purchase of additional Boeing 737 airplanes,” said Stan Deal, president and CEO of Boeing Commercial Airplanes. “We are grateful for Alaska’s trust and partnership. Our team is focused on delivering their first 737 MAX jets and helping ensure a safe and seamless entry into service.”

Alaska Airlines says the 737 – equipped with new, more fuel-efficient engines and improved aerodynamics – will use 20% less fuel and reduce emissions by 20% per seat compared to airplanes it replaces. The airline will configure the jet with 178 seats in a three-class configuration. The plane can fly 3,550 nautical miles, about 600 miles more than its predecessor. This additional capability will allow airlines to offer new and more direct routes to passengers. Every airplane will feature the new Boeing Sky Interior, highlighted by modern sculpted sidewalls and window reveals, LED lighting that enhances the sense of spaciousness and larger pivoting overhead storage bins.

Learn more about Alaska’s confidence in the safety and certification of the MAX at alaskaair.com/737MAX.

Total orders: 68 737 MAX Aircraft

Status	Announcement Date	Number of Aircraft
Existing Order	October 2012	32
Separate Lease Agreement	November 2020	13
New Order	December 2020	23

Total options: 52 737 MAX Aircraft

Status	Announcement Date	Number of Aircraft
Existing Order	October 2012	37
New Order	December 2020	15

Embraer E195’s Make Vietnam Debut with Bamboo Airways

September 29, 2020 / WIL BALDWIN

Two Embraer E195s have commenced operations in Vietnam with Bamboo Airways, offering the first jet service to Con Dao from Hanoi, Vinh and Hai Phong. Con Dao Island and the surrounding National Park is an area of outstanding natural beauty 1400km (760nm) from the capital Hanoi, off the southern coast of Vietnam. The popular tourist destination, featuring an archipelago of 16 islands, is currently only served by turboprop aircraft due to its short runway, light pavement, and lack of fuel provision.

The Embraer E195s join Bamboo Airways’ fleet on a wet-lease agreement with Denmark based Great Dane Airlines, adding to the growing number of E-Jet operators in the Asia Pacific region.

“Bamboo Airways is proud to offer jet-operated flights to Con Dao with the E195s,” said Mr. Dang Tat Thang – Executive Vice Chairman of Bamboo Airways. “The aircraft’s short runway performance makes it an ideal aircraft for flights to and from Con Dao. The two by two seating will offer our passengers a high level of comfort in a modern, spacious aircraft, including the one-of-its-kind Business Class on the route to Con Dao.”

“Congratulations to Bamboo Airways on this strategic move. The E-Jets will give them great flexibility both in performance as well as in economics,” says Raul Villaron, Vice President, Asia Pacific for Embraer’s commercial aviation unit. “The E195’s fuel efficiency and economics enables Bamboo Airways to cost effectively manage fluctuating demand and operate lower density routes with the right sized aircraft. We welcome Bamboo Airways to the Embraer family and our global team are here to support them.”

Bamboo Airways is the first to operate direct flights to Con Dao from three cities; the capital Hanoi, Hai Phong city in the North and Vinh city in the central area. There will be two flights a day on the Hanoi – Con Dao route and daily flights from Hai Phong and Vinh to Con Dao in the initial phase. Bamboo Airways are operating the aircraft in a comfortable single class configuration with 118 seats.

Embraer is the world’s leading manufacturer of commercial aircraft up to 150 seats with more than 100 customers from all over the world. For the E-Jets program alone, Embraer has logged more than 1,800 orders and 1,600 aircraft have been delivered. Today, E-Jets are flying in the fleet of more than 80 customers in some 50 countries. The versatile 70 to 150-seat family is flying with low-cost airlines as well as with regional and mainline carriers.

Boeing 777 Freighter Joins the Volga-Dnepr Group

August 17, 2020 / WIL BALDWIN

– 777 Freighter’s superior range and efficiency to complement Volga-Dnepr’s fleet

– Volga-Dnepr becomes the 19th operator of the large-capacity twin-engine freighter.

A Boeing [NYSE:BA] 777 Freighter today joined the Volga-Dnepr Group fleet of 24 Boeing freighters today, departing Paine Field in Everett, Washington. The fuel efficient twin-engine freighter will begin operations with AirBridgeCargo, a subsidiary of Volga-Dnepr.

AirBridgeCargo will operate the airplane via a sale-leaseback agreement with Dubai Aerospace Enterprise (DAE).

“We are delighted to welcome Volga-Dnepr Group as our newest customer as they introduce the 777 Freighter to their fleet,” said Firoz Tarapore, DAE’s Chief Executive Officer. “DAE Capital is the world’s largest lessor of the profitable and efficient 777 Freighter. We look forward to a long and rewarding relationship with Volga-Dnepr Group as they continue to grow their successful operations.”

Volga-Dnepr Group is among the world’s largest Boeing freighter operators, flying 17 747 freighters and five 737 freighters, including 13 747-8F, four 747-400ERF, two 737-800BCF and three 737-400SF.

The 777 Freighter, which can fly 4,970 nautical miles (9,200 kilometers), can carry a payload of 224,900 lbs. (102,010 kg), more cargo capacity than any other twin-engine freighter. Of all production freighters, only the 747F and 777 Freighter are capable of carrying tall and outsized cargo loads on 3-meter (10-foot) tall pallets. This common main-deck pallet height capability enables interchangeable pallets for both models. In addition, the 777F main deck side cargo door is extraordinarily wide at 3.72 meters (146.5 inches), giving that airplane outsized carriage capability beyond tall payloads.

“We are honored to partner with Dubai Aerospace Enterprise and Volga-Dnepr Group to introduce the 777 Freighter to Volga’s customers,” said Ihssane Mounir, Senior Vice President of Commercial Sales and Marketing, The Boeing Company. “We look forward to introducing the unsurpassed efficiency and capability of the 777 Freighter to complement Volga’s existing fleet.”

Boeing provides more than 90 percent of the worldwide dedicated freighter capacity. Customers have ordered 231 777 Freighters since the program began in 2005. Volga-Dnepr becomes the 19^th operator to date to use the large-capacity twin-engine freighter.

United Airlines Sells 22 Airplanes to Bank of China Aviation

April 20, 2020 / WIL BALDWIN

HONG KONG, April 19 (Reuters) – United Airlines will sell and lease back 22 planes to Bank of China (BOC) Aviation, a statement from the aircraft investor released to the Hong Kong Stock Exchange said on Sunday.

The deal involves six Boeing 787-9 aircraft and 16 Boeing 737-9 MAX aircraft from United Airlines, the statement said.

The Singapore-based BOC Aviation did not reveal how much the purchase was worth but said the planes would be leased back to United on long-term agreements.

United said on Wednesday it had reduced its flight schedule in May by 90% and expects similar cuts for June as a result of the coronavirus pandemic.

The U.S. airline also said it flew less than 200,000 people in the first two weeks of April, a 97% drop from the more than 6 million people it flew during the same time in 2019.

BOC Aviation, which focuses on aircraft leasing, has a fleet of 567 planes owned, managed or on order as at the end of March, the statement said

The transaction was finalised on Friday and the deal is expected to close later this year, the statement said.

(Reporting by Scott Murdoch. Editing by Jane Merriman)

Archives