Aircraft Finance & Leasing News.

 
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Aug 20, 2007

Aer Lingus said it had secured a number of leased aircraft to provide a limited service for around 8,000 passengers out of an expected 45,000 to 50,000 travellers at a peak time of year. The company has been battling with unions to cut overheads since its privatization last year. Aer Lingus Chief Executive Dermot Mannion travelled on Friday to Shannon to meet local leaders to discuss the airline's decision. Despite protests, the government, which controls just over a 25 percent stake in Aer Lingus said it would not intervene. Aug 17, 2007

Airblue of Pakistan plans to buy somewhere between eight and 14 aircraft either from the Boeing 737 NG family or the A320 family of Airbus. A deal, which could be announced in time for the Dubai Air Show in October, could be worth USD$400 million - USD$700 million. Delivery would start in 2009 and Airblue would take one plane approximately every three months. A senior Airblue official, who asked not to be named, said the airline would most likely choose the Airbus A320. "We already operate these aircraft and have a comfort level with them. So it suits us to have more of the same family." Airblue currently operates six A320s and has another two on order. Aug 17, 2007

Airblue, Pakistan's biggest private airline, plans to spend up to USD$700 million over the next five years on new aircraft as it replaces its existing fleet of leased planes. Chief Operating Officer Shahid Khaqan Abbasi also said Airblue, which competes with state-run Pakistan International Airlines on several domestic routes, was considering a stock market listing. Abbasi said the airline was in talks with both Airbus and Boeing for the purchase of up to 14 short-to-medium haul aircraft. Aug 17, 2007

Boeing will hold the lead in large commercial jets over the next decade, according to a new report, but Airbus will remain a strong competitor as the market remains a two horse race. A report from market research firm Forecast International predicts that 9,528 large commercial jet transports, valued at some $986 billion, will be produced between 2007 and 2016. The firm projects that Boeing will build nearly 56 per cent of these aircraft, while Airbus will build 43 per cent. A handful of Russian and Ukrainian companies are expected to account for the remaining 1 percent. Aug 17, 2007

Mba remarketed a Bombardier CRJ200LR owned by ING Lease of Ireland and previously operated by defunct Independence Air to Global Principal Finance Co. Aug...

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