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Global Aircraft Leasing Newsletter 3 April

Global Aircraft Leasing Newsletter 3 April

Air Lease Corporation Announces Lease Placement of Two New Boeing 787-9 Dreamliners with Air Canada

Air Lease Corporation announced long term lease agreements with Air Canada for two new Boeing 787-9 aircraft with General Electric engines.

Boeing backs 747 by leasing the planes as it awaits cargo upturn

The 747 now account for one quarter of Boeing Capital’s portfolio, as the company helps customers acquire aircraft while awaiting an market upturn. The future of the aircraft is closely tied to the cargo market. The market is showing signs of recovery as Global air freight in January increased by 6.9 percent from a year earlier, down from the 10 percent growth in December but far outpacing the 3 percent average annual pace recorded over the past five years, according to the International Air Transport Association, an aviation trade group.

Lessors can recover planes within 5 days of cancellation

The National Democratic Alliance government has allowed leasing companies to recover their aircraft from Indian airlines within five days of cancellation of the aircraft registration reported the Hindu Times. The move is intended to help the lessors gain confidence in the Indian market at a time when smaller airline operators will be looking to lease planes to operate flights under the regional connectivity scheme.

NAC, AAR Corp to sign Airbus deal on Friday

Nepal Airlines Corporation (NAC) is set to sign a sales and purchase agreement for two Airbus A330-200 long-range jets with US-based AAR Corp this Friday which will be the largest-ever purchase deal in Nepal’s aviation history.

Wow Air signs CIT Aerospace A330neos leases for large fleet expansion

Icelandic budget carrier Wow Air is taking four Airbus A330-900s in a substantial expansion of its fleet. The airline will increase its fleet by seven aircraft to a total of 24 aircraft with leases on A330neos from CIT Aerospace for 12-year periods.

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