Tag: leased (Page 1 of 2)

Vietjet Air picks Rolls-Royce Trent 7000 engines for A330neo

February 25, 2024 / WIL BALDWIN

Singapore Air Show, February, 2024 – Vietjet Air has signed a Memorandum of Understanding (MoU) with Airbus Group SE (Paris: AIR) for the purchase of 20 A330-900 widebodies. When the order is finalized, the aircraft will be operated on the carrier’s growing long range network, as well as on high capacity regional services. They will replace the carrier’s current fleet of leased A330-300’s, as well as providing for network expansion.

Rolls-Royce (LSE: RR) today announces a commitment by Vietjet Air for 20 Trent 7000 powered A330neo, which will complement the airline’s existing widebody fleet of seven Trent 700 powered A330ceo aircraft.

With a laser focus on sustainability, Vietjet Air has committed to the A330neo/Trent 7000 combination as it delivers a 14% better fuel burn per seat, whilst significantly lowering emissions. The reduction in emissions will allow the airline to avoid more than one hundred thousand tons of CO2 over the lifetime of each aircraft.

The Trent 7000 draws on the technology and experience of the most advanced family of engines in the world. As the latest member of the Trent family, the Trent 7000 is based on Trent XWB technology and has delivered exceptional reliability since its entry into service.

Forward-Looking Statements

This press release may 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.

LATAM receives first A321neo aircraft & orders 13 more

October 2, 2023 / WIL BALDWIN

Hamburg, Germany, October 2, 2023 – LATAM Airlines (OTC: LTMAY) has taken delivery of its first A321neo leased from AerCap Holdings NV (NYSE: AER) and placed an order for 13 additional A321neo aircraft to further expand its route network and drive its regional growth. This is the first delivery of a committed backlog of 76 A321neo aircraft. In total, LATAM has 111 A320 Family aircraft to be delivered.

The newly delivered A321neo for LATAM can seat up to 224 passengers and feature Airbus’ Airspace XL bins in the cabin. The larger bins provide a 40% increase in storage space and facilitates 60% more carry-on bags, allowing a more relaxed boarding experience for passengers and cabin crews. The newly delivered A321neo flew to its destination with 49% Sustainable Aviation Fuel (SAF).

LATAM Airlines Group and its affiliates are the main group of airlines in Latin America, with presence in five domestic markets in the region: Brazil, Chile, Colombia, Ecuador and Peru, in addition to international operations throughout Europe, Oceania, the United States and the Caribbean. Today, LATAM operates 240 Airbus aircraft and is the largest Airbus operator in Latin America. In July this year, LATAM took delivery of a new Airbus A320neo, the first delivery using 30% SAF.

Scoot Becomes New Airbus A321neo Operator

June 28, 2021 / WIL BALDWIN

Scoot, the low cost subsidiary of Singapore Airlines, has become a new operator of the A321neo, following the arrival in Singapore of its first three aircraft. All three aircraft are leased from BOC Aviation.

Scoot’s A321neo aircraft are powered by Pratt & Whitney PW1100G engines and seat 236 passengers in a single class layout. The aircraft cabin is based on the Airbus Cabin Flex option which enables optimal use of space. Scoot will operate the A321neo on routes of up to six hours from Singapore.

The A321neo is a member of the A320neo Family, of which Scoot has ordered a total of 39 aircraft from Airbus (including six A321neos) and is acquiring another 10 A321neos under lease agreements.

All of Scoot’s A320neo Family aircraft will be supported by Airbus Services under a Flight Hour Services Tailored Support Package covering component availability and repair, as well as fleet technical management.

The A320neo Family incorporates the latest technologies, including new generation engines and Sharklets, delivering a 20 per cent reduction in fuel consumption per seat.

Airbus Delivers First A350 to New Airline World2fly

June 9, 2021 / WIL BALDWIN

Toulouse, France 09 June 2021 – World2fly, the new long-haul airline recently founded by the Spanish hotel company Iberostar, has taken delivery of the first of two A350-900s on lease from Air Lease Corporation (NYSE: AL), becoming the latest operator of the world’s most efficient large widebody aircraft.

The airline, based on the Balearic island of Mallorca, will operate the two leased A350-900 aircraft on long-haul routes from Madrid to leisure destinations, such as Punta Cana in the Dominican Republic, Cancun, Mexico, and Havana, Cuba.

World2fly’s A350-900s feature a modern and highly-comfortable single-class cabin layout with 432 seats. Passengers will enjoy more personal space, wide seats and absolute well-being on board and appreciate the latest-generation in-flight entertainment and connectivity. The A350 Airspace cabin is the quietest of any twin-aisle aircraft and offers passengers and crew the best flying experience.

The Airbus A350’s clean-sheet design features state-of-the-art aerodynamics, a carbon-fibre fuselage and wings, plus the most fuel-efficient Rolls-Royce Trent XWB engines. Together, these latest technologies translate into unrivalled levels of operational efficiency and sustainability for World2fly, with a 25% reduction in fuel-burn and CO2 emissions compared to previous generation twin-aisle aircraft.

Rex Airlines Takes Delivery of First Boeing 737-800ng in Full Livery

December 28, 2020 / WIL BALDWIN

Rex Airlines marks another major milestone tomorrow, as the first of its Boeing 737-800NGs lands in Sydney in full Rex livery (airline colours). The aircraft arrived in Brisbane today just after 7:30pm on a transit stop after its major scheduled check overseas. The aircraft is due to touch down in Sydney at 8:30am on Christmas Eve.

Planespotters will be in for a treat as they finally get to see Rex’s official livery on its Boeing 737 in the Sydney skies.

Rex has leased six Boeing 737-800NG aircraft in readiness for its inaugural service from Melbourne to Sydney commencing 1 March 2021.

Brisbane will be added to Rex’s capital city network after Easter.

Rex’s Deputy Chairman the Hon John Sharp AM said, “The livery of Australia’s favourite Regional Airline is now emblazoned on a 737, ready for take-off. It’s a historic moment.”

“Our second 737 is currently being painted by Douglas Aerospace at one of the country’s finest aircraft paint facilities in Wagga Wagga. The remaining four 737s are undergoing scheduled checks and will be brought in-country over the next 3 months.”

“With Rex’s entry into the domestic market, passengers are no longer forced to choose between cheap fares that come with limited service and reliable service with premium fares. Rex is bringing its renowned country hospitality to the capital city market, offering twice the value at half the cost. This is the shake-up Australia’s domestic aviation sector has been crying out for and it could not have come at a better time, as Australia struggles to recover from the worst pandemic in the last century.”

To celebrate its launch, Rex is offering 100,000 special $79 fares between Melbourne and Sydney on sale now at rex.com.au.

Rex is Australia’s largest independent regional and domestic airline operating a fleet of 60 Saab340 aircraft (pre-COVID) on 1,500 weekly flights to 59 destinations throughout all states in Australia. Rex will begin its domestic services with six 737-800NGs in March 2021. In addition to the airline Rex, the Rex Group comprises wholly owned subsidiaries Pel-Air Aviation (air freight, aeromedical and charter operator) and the two pilot academies, Australian Airline Pilot Academy in Wagga Wagga and Ballarat.

Belavia Takes Delivery of First Embraer E195-E2

December 21, 2020 / WIL BALDWIN

Belavia, Belarusian Airlines, the national carrier of Belarus, took delivery today of their first E2 next generation Embraer aircraft in Brazil. The new aircraft is the first of three E195-E2 jets to be leased to the airline by AerCap.

The aircraft, configured in a comfortable dual class layout seating 125 passengers in total, seats 9 in business and 116 in economy. Belavia plans to deploy their new aircraft on popular routes such as London, Barcelona, Nur-Sultan, Munich, Paris, Sochi, and Amsterdam.

“Belavia’s passengers love our current Embraer aircraft and I hope they will love the next generation E2 even more. The E2 offers Belavia lower operating costs, as well as the lowest impact on the environment. At Belavia we like to keep our fleet young and fresh; with the addition of the E195-E2 we can take more passengers, further, in greater comfort, and more efficiently – the E2 is the perfect fit”, commented Anatoly Gusarov, CEO of JSC “Belavia”.

“It’s great to welcome another airline to the E2 family of operators. As airlines’ ramp up their operations, the E195-E2 is perfectly positioned to right size routes previously operated by narrowbodies, while keeping frequencies and adjusting capacity to new levels,” said Cesar Pereira, vice president of Europe, Middle East and Africa, Embraer Commercial Aviation. “We look forward to supporting Belavia as they continue to upgrade their offering to their customers.”

“We congratulate the team at Belavia on the delivery of their first E195-E2,” said Philip Scruggs, President and Chief Commercial Officer at AerCap. “We wish Belavia every success as they continue to modernize their fleet.”

First A321P2F Enters Service with Qantas for Australia Post

November 7, 2020 / WIL BALDWIN

Elbe Flugzeugwerke (EFW), the joint venture created by Airbus and ST Engineering has achieved key milestones in the A321 passenger-to-freighter (P2F) conversion programme with the delivery and entry-into-service on 2th October of the first converted aircraft to Qantas. This new P2F version is being leased by aircraft asset manager Vallair to Qantas, to operate services on behalf of Australia Post. Last month, following its flight tests, the newly completed aircraft had been delivered by EFW to Vallair.

These milestones mark the completion and ‘birth’ of the world’s first A321 converted freighter. EFW had received the Supplemental Type Certificate (STC) for the A321P2F from the European Union Aviation Safety Agency (EASA) in February this year, and the Validation STC from the US Federal Aviation Administration (FAA) in July. Operator-specific enhancements were subsequently incorporated into the freighter and certified prior to its delivery from EFW to Vallair.

The A321P2F is the first in its size category to offer containerised loading in both the main (up to 14 full container positions) and lower deck (up to 10 container positions). With a generous payload-range capability that can carry 28 metric tonnes over 2,300 nautical miles, the A321P2F is the ideal Single-Aisle freighter aircraft for express domestic and regional operations. The conversion features a large main cargo door which is hydraulically actuated and electrically locked, a ‘Class-E’ main-deck cargo compartment with full rigid 9g barrier for optimal protection between crew and cargo, and a redefined flight deck that includes supernumerary seats.

The collaboration between ST Engineering, Airbus and EFW is the OEM-supported conversion for A321P2F in the market. There has been a keen interest from customers in the solution, which is expected to further grow with the first A321P2F unit entering the market. Looking further ahead, next year the story is set to take another stride when the first A320P2F will take shape.

Finnair Boosts Reliability of Regional Fleet with ATR Global Maintenance Agreement

May 27, 2020 / WIL BALDWIN

ATR and one of its long-standing customers, the Finnish airline Finnair, signed a 10-year Global Maintenance Agreement (GMA). Through this package, Finnair and Nordic Regional Airlines (NoRRA) – who operates Finnair’s regional ATR traffic – will benefit from a customised support from ATR, which will help the airline better anticipate maintenance costs while enhancing the dispatch reliability of its fleet of 12 ATR 72-500.

This pay-by-the-hour contract covers the repair, overhaul and pooling services of Line Replaceable Units, along with their door-to-door delivery and an on-site leased stock of spare parts. Finnair will also benefit from blades maintenance and availability, and maintenance recommendations based on ATR’s expertise to enhance aircraft reliability.

Juha Ojala, Vice President Technical Operations of Finnair, declared: “Our ATR flights form a key part of our feeder traffic to our Helsinki hub, and as a large share of our customers are transfer customers, they have strong expectations in terms of punctuality and reliability. This Global Maintenance Agreement is one step further in our relationship with ATR and ensures we benefit from the most suitable services, so that we can in turn provide our customers with a reliable and punctual travel experience.”

Stefano Bortoli, Chief Executive Officer of ATR, added: “Finnair is new to our GMA programme but they have been part of the ATR family from the very beginning, as they took delivery of their first ATR aircraft, MSN 006, in 1986. During the challenging times we are currently living, the confidence from a valued customer is the best tribute they can offer to the quality and economics of our products and services. We are looking forward to sharing our knowledge and expertise with Finnair, so that they can in turn keep on operating regional traffic in a responsible and efficient fashion.”

BOC Aviation Orders 20 More A320neo Aircraft

January 7, 2020 / WIL BALDWIN

Singapore-based lessor BOC Aviation Limited has placed a firm order with Airbus for 20 A320neo aircraft. Up to 12 of the newly-ordered aircraft will be leased to Colombia’s Avianca Airlines.

Featuring the widest single-aisle cabin in the sky, the A320neo Family incorporates the latest technologies, including new generation engines and Sharklets, which together deliver 20% reduced fuel burn as well as 50% less noise compared to previous-generation aircraft.

ATR Delivers First Ever Green Financed Aircraft

December 21, 2019 / WIL BALDWIN

First of five new 72-600 orders by Braathens Regional Airlines

ATR, world number one regional aircraft manufacturer, today delivered the first ever green financed aircraft to Swedish regional airline Braathens Regional Airlines, BRA. The aircraft is leased from Avation and is financed by Deutsche Bank. It is part of a new order for five 72-600s, all purchased by Avation from ATR and leased to BRA. Upon completion of the order in early 2020, the airline will itself operate an entirely ATR fleet, comprised of 15 ATR 72-600 aircraft.

Vigeo Eiris, one of the world’s leading independent agencies providing Environmental, Social and Governance (ESG) ratings, expressed the opinion that the project of replacing ageing regional jets with new ATR 72-600 aircraft is aligned with the Green Loan Principles (GLP) established by the Loan Market Association in 2018.

This first ever Green Financing of an aircraft confirms the high sustainable value of the modern ATR turboprop aircraft. The ATR 72-600 aircraft has a significant environmental advantage over regional jets and other turboprops emitting 40% less CO2. Turboprops are more efficient than jets on short sectors as they accelerate air using less power, so use less fuel.

BRA CEO, Geir Stormorken, remarked: “We have made a commitment to decrease our environmental impact and the ATR is an essential part of our strategy. With that as a goal, it simply makes sense to choose the most efficient aircraft. By replacing parts of our existing fleet of regional jets with ATR 72-600 aircraft we will emit 7,500 fewer tonnes of CO2 per aircraft, per year. We believe that aviation is an essential part of Sweden’s regional transport network and we look forward to showing our passengers and the Swedish public at large that there is a sustainable way of flying.”

Executive Chairman of Avation, Jeff Chatfield, commented: “As a lessor, it is essential for us to progress our fleet into new technology low carbon emission aircraft such as the ATR 72-600 which maintain their value over a long period. ATR is one of the best assets in terms of residual value retention in the business. BRA’s decision to consolidate their own operation around the ATR 72-600 aircraft type demonstrates their understanding of the regional aviation market and the importance of reducing carbon emissions. BRA is an airline that is leading the way in terms of striving to offer their passengers the best possible experience, whilst optimising operations and minimising environmental impact.”

“Deutsche Bank is proud to have played a key role in the first green financing of a commercial aircraft,” said Richard Finlayson, Deutsche Bank Head of Global Transportation Finance, Asia. “We’re hopeful that this leads the way for more sustainable financing activity in aviation, and increased adoption of lower carbon emission aircraft across the industry, to help make flying more eco-responsible.”

Stefano Bortoli, Chief Executive Officer of ATR, said: “It is only natural that the first Green Financing deal for a commercial aircraft would involve an ATR and BRA. Thanks to the innovation of the ATR design, it inherently benefits from its lighter fuselage and the efficiency of its turboprop, meaning it burns less fuel and emits less CO2. It also makes sense that BRA, the leading voice on responsible regional flying in Sweden, would upgrade its own fleet to an all ATR 72-600 one, benefitting from these advantages compared to its rivals. We are proud to launch Green Financing in commercial aviation and lead the way in terms of innovation and sustainable regional aviation. We are thankful to Avation for having the foresight and flexibility to establish the operating lease for this series of aircraft deliveries.”

About Braathens Regional Airlines
Braathens Regional Airlines, is one of Sweden’s leading domestic airlines, with a Swedish market share of 30 percent. Braathens operates 26 routes to 17 destinations and carries more than 2,2 million passengers annually. Braathens’ On Time Punctuality is outperforming all other airlines in the world. In 2016, 2017 and 2018, BRA was awarded as the airline with the most satisfied passengers in Sweden. The airline was formed in 2016 after consolidation of several domestic air carriers, but the company’s aviation DNA reaches back to 1946 when the very first airline of the Braathen family was founded, Braathens S.A.F.E.

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