Aircraft Finance & Leasing News - North America.

Position:Company overview
 
FREE EXCERPT

New York (AirGuideBusiness - Aircraft Finance & Leasing News North America) Jun 19, 2011

Air Lease Air Lease Corporation Positioned to Join Russell 3000 Index. Air Lease Corporation (ALC) is set to join the U.S. broad-market Russell 3000 Index when Russell Investments reconstitutes its U.S. and global equity indexes on June 24, according to the preliminary list of additions posted June 10 on www.russell.com/indexes. The Russell 3000[umlaut] Index specifically measures the performance of the largest 3,000 U.S. companies, determined primarily by objective, market-capitalization rankings and style attributes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $3.9 trillion in institutional assets currently are benchmarked to them. The Russell 3000[umlaut] also serves as the U.S. component to the Russell Global Index. Jun 15, 2011

Air Lease Air Lease Corporation Announces Additional Aircraft Acquisitions and Fleet Placements. Air Lease Corporation (ALC) announced today that it has signed lease agreements for 25 additional aircraft. OALC 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 efficiencies for each customerOs unique needs,O said Kishore Korde, Senior Vice President of ALC. TRIP Linhas Aereas (Brazil) and ALC have entered into long term lease agreements for six new ATR 72-600s and six new Embraer 190LRs, delivering between July 2011 and October 2012. ALC is leasing four new Embraer 190s to Bulgaria Air. Deliveries are set for March, April, June, and November 2012. ALC is leasing an additional new Airbus A330-300 to Asiana Airlines (Korea), for delivery in September 2012. ALC signed a 12 year lease agreement with Garuda Indonesia Airlines for a new Airbus A330-200. ALC delivered a Boeing 737-800 (MSN 32919) on a long term lease to Caribbean Airlines Limited. Previously unannounced from prior quarters, ALC acquired six additional Boeing 737-800s on lease to five operators, including two to Hainan (MSNs 35101 and 35077), and one each to Shanghai Airlines (MSN 34254), Sun Express (Turkey, MSN 36529), Xiamen (MSN 34253), and Sunwing (Canada, MSN 30292). Jun 13, 2011

Airbus, Boeing Airbus and Boeing are refreshing their product lines amid future competition from China, which will display a cabin mock-up of its first large passenger jet, and Russia, whose prime minister Vladimir Putin will visit Le Bourget on Tuesday. Some also question how far the Asian boom is sustainable. "With ambitious figures like these (aircraft sales) the economy can sometimes pay you an unpleasant visit," said Washington-based analyst Richard Aboulafia of Teal Group. The two companies are involved in another strategy battle over the market for 350-seat wide-body twinjet planes like the Boeing 777 and A350, also being driven by engine manufacturers. Wheeling and dealing is carried out in luxury chalets with a view of passenger jets like the new Boeing 747-8, the world's longest airliner and one of the stars of this year's show. The jet is painted in orange and red "sunrise" livery symbolizing the rise of Asia as a hugely important market. The Paris Air Show also takes place against a backdrop of rising trade tensions as Air France comes under mounting political pressure in France to buy Airbus planes instead of Boeing. Industry experts say that internally, the episode is acutely embarrassing for Airbus, which plans to warn European ministers at the show of the risks of a trade war over European emissions trading proposals. But U.S. commentators say a petition signed by 100 French parliamentarians proves that partly state-owned Airbus does not operate on the same playing field as Boeing. Jun 17, 2011

All Nippon Airways, Boeing Japan's All Nippon Airways has completed pilot training in Seattle for the first crews to operate the Boeing 787. Ten pilots operated the first 787 flight test aircraft (ZA001) over Washington state, said Boeing. Each ANA pilot performed approaches at Grant County airport in Moses Lake. "Activity included one instrument landing system precision approach and two visual approach patterns per pilot, with touch-and-go landings," said Boeing. "They will be the first pilots on 787 commercial flights for ANA." Jun 14, 2011

Atlantic Southeast Airlines, FAA, Bombardier The Federal Aviation Administration (FAA) is proposing a USD425,000 civil penalty against Atlantic Southeast Airlines (ASA), of Atlanta, for allegedly operating two Bombardier CRJ regional jet airliners when they were not in compliance with FAA regulations. The FAA alleges that ASA, a subsidiary of SkyWest, Inc. and flying as Delta Connection, failed to complete required inspections of the two aircraft after they were struck by lightning. One strike took place on July 21, 2008, and the other on July 23, 2008.

The FAA alleges that ASA operated the two aircraft on a total of 13 revenue passenger flights between July 22 and 24 when they were not in compliance with regulations. FAA regulations require the carrier to conduct and document the detailed check for lightning strike damage mandated in the airlineOs aircraft maintenance manual. An FAA air safety inspector discovered both alleged violations. Jun 16, 2011

Boeing Boeing has not yet decided whether to copy Airbus in putting new engines on its popular 737 plane. It is weighing this against its preferred option of a bolder redesign, meaning Airbus faces...

To continue reading

FREE SIGN UP