New York, Geneva (AirGuideBusiness - Aircraft Finance & Leasing News Europe) Jan 16, 2011
Inventory glut is a stumbling block for business aviation. Used aircraft inventories of 15% are suppressing prices for business aviation, writes blogger Fred George. "Corporate boards also are gun shy about authorizing purchases of business jets in the wake of the scourging of auto industry and banking executives for using business aircraft by Washington politicos," writes George. Jan 12, 2011
AerCap Holdings AerCap Holdings said it signed 13 new aircraft lease agreements and delivered eight aircraft in the 2010 fourth quarter. Lease agreements inked during the period include three Airbus A319s for Frontier Airlines, two A320s for Brussels Airlines, an A320 for Donbassaerom, an A320 and an A319 for LAN Airlines, an A320 for P.T. Metro Batavia, a Boeing 757-200 for Delta Air Lines, a 737-400 for Vision Airlines, a 737-800 for Orenair and a 737-400 for Nok Air. Jan 14, 2011
AerCap Holdings, AeroTurbine AerCap Holdings subsidiary AeroTurbine reached an agreement to amend its credit facility, increasing total commitments available from USD328 million to USD425 million and allowing for additional newer-generation aircraft and engine types as eligible collateral under the facility. The credit facility amendment was led by Credit Agricole Corporate and Investment Bank. Jan 11, 2011
Air Mauritius, ATR Air Mauritius added a new ATR72-500 aircraft to its fleet on December 17, 2010. The plane was ferried to Mauritius from Toulouse over a series of technical stopovers, which included Cairo, Djibouti, and the Seychelles. The aircraft landed in Mauritius on December 20 at 1730 hours local time The new aircraft is named after Ile aux Aigrettes, a nature reserve inlet anchored about 800 meters (875 yards) off the southeast coast of Mauritius. Equipped with Pratt & Whitney PW 127M engines, the new ATR72-500 leased from Nordic Aviation Capital has a configuration of 72 economy class seats. It will replace one of the existing ATR72-500 aircraft, which will be returned to the lessor this year. The delivery of the new ART72-500 will provide additional capacity and flexibility on the inter-island routes (Reunion and Rodriques) during the peak period of December through January. Andr Viljoen, the airlineOs acting CEO, stated: OWe are very proud to welcome this brand new aircraft to our turbo-prop fleet. This is the first ATR72-500 aircraft painted in the new Air Mauritius...