Aircraft Finance & Leasing News.


Aug 27, 2007

Growth in aviation may outstrip technological gains. Technological improvements are increasing the fuel efficiency of aviation, and more improvements are in the pipeline. However, the sheer growth of the industry may overtake the benefits. Aug 20, 2007

ACT Airlines, based at Istanbul Ataturk, signed an MOU for two Airbus A330-200 freighters, Airbus announced. ACT currently operates seven A300B4 freighters and will use the new aircraft for flights to Hong Kong, Singapore and New York. Aug 20, 2007

Aeroflot To Buy Boeing 787s, Airbus A350s. Russia's national airline, Aeroflot, will pay USD$5.81 billion for a total of 44 aircraft from Boeing and Airbus, a discount of about 17 percent, Vedomosti business daily reported on Monday. Aeroflot has agreed to pay USD$2.906 billion for 22 Boeing 787 Dreamliner aircraft and USD$2.904 billion for 22 of Airbus's A350 XWB planes, the paper said, citing a report by Interfax news agency. Aeroflot announced the deals earlier this year but has never said how much it was going to pay for the aircraft in one of the biggest-ever foreign plane orders by a Russian company. Analysts told the paper the discount was so large because Aeroflot had managed to play off both companies against each other. Under the deals, Aeroflot will get its first Airbus in 2014 and the last in 2019, and its first Boeing in 2014 and the last in 2016, the paper said. Aug 20, 2007

Air China will invest CNY5 billion ($657.9 million) to establish the country's largest flight simulator training base. It will be located

in Shunyi District in suburban Beijing. CA reached a deal with district authorities yesterday. The complex will comprise 30 full-motion flight simulators, eight fixed-base simulators, a cabin crew training center, MRO training center, ground-handling service training center and other relevant support facilities that the airline said will help reduce its long-term dependence on foreign training resources. CA's current fleet numbers 207 aircraft and it expects that to rise to 306 by 2010. Aug 23, 2007

AirAsia In Talks For More A320s. Malaysian budget carrier AirAsia is in talks to buy more Airbus A320 planes due to increasing demand, AirAsia Deputy Chief Executive Kamarudin Meranum said. AirAsia, one of the fastest growing airlines in the world, has 150 firm orders for the single-aisle A320s and options on another 50. AirAsia, Asia's largest budget carrier, introduced its low-fare, no-frills concept in December 2001, and has since embarked on an aggressive expansion. Aug 21, 2007

Boeing Commercial Airplanes VP-Sales-Russia/CIS Craig Jones said. "Both...

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