Category

Leasing

Dragon Aviation Capital to increase engine leasing activities

Being a relatively new player in Asia-Pacific’s booming yet increasingly crowded aviation segment, technical advisory specialist Dragon Aviation Capital (DAC) says the influx of aircraft and engines into the region will provide plenty of growth opportunities which will include increasing its engine leasing activities. Marking its second anniversary this month in Singapore,…

Vallair leases three Airbus A321s to Onur Air in Turkey

Vallair, the aircraft trading, leasing and specialist MRO organisation, has completed lease transactions for three Airbus A321 aircraft with Onur Air in Turkey. The first of these three aircraft (MSN 974), purchased from AerCap together with its engines, was delivered to Onur Air in May with a lease term of…

Kayan Group acquires Plane Business

The Kayan Group, headed by founder Dr. Uday Nayak, has acquired aircraft leasing and management company, Plane Business, in its aim to provide end-to-end aircraft leasing and financings solutions to the market. Plane Business is a London-based specialist aircraft leasing and asset-management company that provides comprehensive aircraft management services to…

Philippine Airlines orders 54 Airbus aircraft

Philippine Airlines (PAL) has placed a firm order with Airbus covering 34 A321s, 10 A321neo and 10 A330-300s. The aircraft are being purchased under a major fleet modernisation programme at the airline, with deliveries starting in 2013. The single aisle A321 aircraft are being purchased to enhance the airline’s product…

AEI selected by ACG

Aeronautical Engineers, Inc. (AEI) has been selected by Aviation Capital Group (ACG) to provide one B737-400SF 11 Pallet Configuration conversion. The speculative conversion is expected to be completed in mid-November 2012 at which time the freighter will be available for immediate lease. The aircraft is a high gross weight B737-400…

First aircraft seized in Malta

On March 13, Fenech & Fenech Advocates seized an A320-211 from a Lufthansa Technik workshop on the island of Malta for non payment of dues related to the lease of the aircraft. Although the two parties have since negotiated a settlement and the aircraft returned to the airline concerned, the…

Varig takes delivery of second converted 737-400SF-11

Varig Logistics has taken delivery of its second Aeronautical Engineers (AEI) 737-400SF 11 Pallet Configuration Passenger to Freighter Conversion. The aircraft, a high gross weight B737-400 (MSN 25595) was built in 1992 and underwent passenger to freighter modi- fication at AEI’s Authorized Conversion Center, Flightstar Aircraft Services, Inc. which is…